Transparent & solid
Monthly costs
At 21-5, we ensure that every home meets a high standard, so families can enjoy a hassle-free experience. The monthly common expenses cover all fixed costs, including insurance, property taxes, minor repairs, and management fees. Once all five homes are operational, the budget is adjusted as needed.
In addition, a dedicated sinking fund is established to cover long-term maintenance, ensuring proactive planning for major updates like roof or window replacements. This approach guarantees that the homes remain in excellent condition, preserving their value and appeal for years to come.
Monthly
Common Expenses
The basic principle is that we want a high standard in the homes.
Everything has to be in order and working every time you arrive at a home and all families should be free from administrative hassles of any kind.
All fixed costs for all 5 homes: including insurance, local property taxes, rubbish disposal, small repairs, accountant, bookkeeping, local community charges and management fee to 21-5 are included in the monthly common expenses. Once all five homes are up and running, the budget for the common expenses is usually adjusted a bit - at least for inflation.
The owner associations are set up with a monthly common expense. In addition to the common expenses, each family will have to pay for cleaning and utilities after each stay.
In addition to the common expenses, a sinking fund will be established for long-term maintenance, more on this in the next section.
Monthly
Savings for long-term maintenance
As mentioned above, the common expenses cover the day-to-day running of the five homes. This includes all local running costs, minor repairs and even minor replacements of fixtures and fittings.
However, it’s important to note that these costs do not include allocations for long-term maintenance. Once all five homes are up and running, detailed maintenance plans will be drawn up. These plans will provide a clear and forward-looking roadmap, allowing the community to anticipate future expenses - such as replacing roofs or windows - well in advance, ensuring there’s plenty of time to prepare financially.
With the maintenance plans in place, families begin to contribute to a dedicated fund to secure the future of the homes. This proactive approach ensures that the high standards of the homes are maintained and is in line with the priorities of all 21-5 owner associations, which consistently aim to maintain the attractiveness and condition of their homes over the years.
By carefully planning for the future, we ensure that these homes remain welcoming, attractive and enjoyable retreats for generations to come. This commitment to quality and care is one of the many things that sets 21-5 apart.
1-2 weeks of rent equals 1 year of common expenses
Rent or 21-5?
We've learned over the years that if you have the opportunity to join one of our associations, it's not only an upgrade in terms of the homes your family will use for holidays, it's also significantly cheaper than renting if you're going on holiday for more than 2 weeks a year in high season.
In the vast majority of 21-5 associations, the annual common expenses are equivalent to a 1-2 week rental in high season. And it's not always in the same quality of accommodation.
21-5 is not for everyone, but it's for more and more families, and for most people who join, it also makes a lot of financial sense.
