What Does Condo Fees Include
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Condos, town homes, houses in some planned developments and timeshares all frequently have homeowners association fees. They may have slightly different names, like maintenance fees or condo dues.
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First-time condo buyers are sometimes confused by the monthly maintenance fee that condo buildings charge. Combined with property taxes and your mortgage payments, they can add up to a hefty percentage of your total housing costs.
Condo fees average in the hundreds of dollars, but they can vary heavily from development to development and region to region. Make sure you understand what you’re getting for your condo fees in terms of maintenance and access to shared facilities and resources in your condominium complex.
One thing that is always included in your condo fees is the maintenance and basic operation of your building’s common areas. This includes: cleaning of indoor and outdoor common areas, trash removal, snow removal and any repairs to common elements.
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And as with all condos, you should do your due diligence before you buy: ask about what the monthly fees are, what the trend has been over the years, and about the size of the reserve fund. You may find out, for example, that the fees for a place you’re looking at are much higher than you would incur if you simply did repairs yourself.
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My HOA fees include lawn services, for the past 6 weeks(3 services) my lawn has either been damaged, cut halfway(yes i couldnt believe it either), or just not cut at all. I am growing tired of having to deal with this when it is something I pay for.