what do condo fees cover

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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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What are condo fees and why are they so darn high?. if it's a condo, the second question is, 'What's the condo fee and what does it include?

Condominium is a form of ownership, not an architectural style, and can apply to a. Depending on the nature of the condominium, the monthly fees may cover sewer and. asked questions · City-Data.com: HOA Fees — What Do They Cover ?

Do Condo Fees ALWAYS Increase Over Time? Can Condo Fees Decrease? What Do Condo Fees Cover? A Lot More Than You Think The breakdown: Condo fees and costs. Condo fees typically range from $100 to $700 per month, In addition to your monthly condo fees, special assessments might arise. Here’s What You Need to Know.

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Condo fees started looking a lot more reasonable to me. So what are the typical things that condo fees cover for condos in Cambridge and nearby towns? The two expenses most often included in the fees: Master insurance – this is the insurance policy that covers the building structure and common areas. Typically you’re responsible for.

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What Does an HOA Cover? By: Chris Newton. HOA fees range anywhere from $20 to $850 or more each month, and are often paid separately from your mortgage payment.. especially if you live in an apartment or condo building. The HOA also covers the electrical costs and other utilities for the.

Condo fees consists of a monthly maintenance fee charged to cover cost of landscaping, amenities, certain utilities, and repairs. If a condo offers additional amenities such as a gym or a swimming pool, it will charge higher fees. Condo complexes offering the basic facilities will usually have nominal fees.