SBIA Membership Dues Breakdown
SBIA’s base dues are $350/year = less than $30 month!!!
SBIA Membership Dues Breakdown
The majority of membership dues goes for the maintenance and improvement of all common grounds including beach park, center park, entrance, and the landscape surrounding the marina with a small fraction covering the mutiple community social events. New for 2023 was the addition of wifi security cameras. All of these are benefits for all members.
How does SBIA annual dues compare to national and local averages?
HOA dues range nationally between $50/month to as much as $1,000/month. These dues vary by state, size of communities and amenities offered. Nationally, the average range is $200-$300 month. In Metro-Detroit, the average HOA dues is $114/month.
Research also shows that home values within a subdivision with HOA is 5%-7% greater than homes without HOA. Why? Because subdivisions with HOAs are maintained, updaed and cared for by their residents.
For SBIA, not only does participation provide maintenance support and subdivision amenity enjoyment, your property values are increased because it is through SBIA that Shady Beach residents gain lake access on Upper Straits Lake, one of Oakland County's premier lakes!
"In Oakland County, Michigan, lake access can typically add a significant value to a property, with estimates suggesting a premium of 25% or more to the property value compared to a similar home without lake access depending on the size and quality of the lake"
All together these benefits provide a significant return on investment in your home's property value!