Condo, Strata, and HOA fees are not rent, but the monthly payments required to maintain the property that you have purchased. There is no concept of profit with monthly condominium fees unlike rent. The collection of monthly condominium fees is based off of a budget that is designed to be ...
Some condos also offer various services, which can also be a part of the HOA fees. Regardless of whether you choose a condo or an apartment, make sure you do your research and speak to your landlord or the condo management team, so you know exactly what you’ll be paying for. ...
Star Tower’s 100 units consist primarily of 2-bedroom floor plans with a few one-bedroom units scattered throughout. Four penthouses make up the entirety of the 17th floor. Read more → Blog, Reviews Why Are HOA Fees So High? May 25, 2016Annie Are you looking to buy a condo in...
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The same can happen with utilities, but you should check the lease to know where you stand before signing. Different owners don’t always do things the same way. As mentioned, owners must pay association fees, HOA fees, andproperty taxes. They could also have mortgage payments to cover each...
Condos are often cheaper than townhouses because they come with no land; the exterior and land are considered common areas shared by all residents. Condo owners pay monthly homeowner association (HOA) fees that can be significantly higher than those on townhouses, partly because they cover exterio...
Condos are very popular with first-time homebuyers, downsizers and investors. They’re typically less expensive than houses, but you do have to pay attention to those pesky HOA fees. What Are the Costs of a Condo or a House? Okay, folks. It’s time to talk aboutmoney. ...
And the association’s fees are going to be shared among you and your neighbors. That’s a good reason to deal with conflict before it reaches that point. “Don’t throw your hands up, which is the worst thing you can do,” says Dawn Bauman, senior vice president for ...
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