What are your condo fees and what do they include?

Sepabuyer
Home Buyer
Landenberg, PA

I just inquired about a condo and the fees are about $370 a month. It sounds high to me. The fee covers the common area, exterior of building, lawn, trash, heat fee, water fee, sewer fee, hot water fee, management fee, and pool. Is this unusual, or is it typical?

Answers (3)
Diane Riffee
Agent
Wilmington, DE

Hello, there!

You note the items that the condo fee includes which is a fairly extensive list. When you consider that it also includes heat, water, the sewer fee AND the management fee, that is excellent! If you break down each of those items & estimate what they might cost you on a monthly basis I am sure you will find that the cost to you would be much greater. I would say pay the $370/month & laugh all the way to the bank as you save what you might be spending otherwise, esp. on heat , water & sewer charges. The fact that it includes a pool is another bonus & of course a condo association is paying for the liability insurance to cover the pool. All in all, a very good deal. You don't say where the property is located but it sounds like it is in a very nice area. So my advice to you is Relax & Enjoy! If you need any further help or information, my direct line at Patterson Schwartz is 302-429-7341.

Tue Sep 29 2009, 05:53
Kim Koppelman
Agent
Newark, DE

This is actual a very typical condo fee for the area. I have seen them much higher for all the ammenities you are getting. Each condo is different and each one offers different ammenities than can range from $100 per month to over $600 or more, depending on the builiding. If you have a speciifc condo you are looking at, I can give you more information.

Tue Sep 29 2009, 05:01
Patrick Thies
Agent
Elmhurst, IL
FIRST ANSWER

I've seen condo fees that are around $300 per month that don't include what these fees costs. Ask around about other condo buildings and see how it compares.

Mon Sep 28 2009, 20:45

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