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Can anyone tell me if $ 400 per month for condo fees (HOA) is expensive?
Is it expensive to pay condo fees $ 400 per month in DC metropolitan area who wanted to buy an apartment because the housing market is good for buyers, but the condo fees frustrates me sometimes it is the enemy to pay the mortgage on a two bedroom apartment, what I expect and the cost ($ 400/month) for an electricity bill monthly sewage gas people, air conditioning and others, pls list all the bills for a household in the Washington metropolitan area DC …
The fee covers not only current spending part to cover future costs. If reserves are low maintenance, can be fought a costly evaluation. (Example: The roof at a cost of $ 1 to repair that lasts a lifetime of 10 years, there are 100 units. If the money is not collected now, in 10 years will have a bill for $ 10,000.) How old is the floor of the building? How are stocks? T for insurance coverage and maintenance? Have you done a study on the reserves and budget for future maintenance? Is this a new building where the sponsor is required to load to attract buyers?
Eustis, Fl Urologist James Young MD