Home Buying in Flushing>Question Details

Betty Chan, Home Buyer in New York, NY

What else i have to pay except maintenance fee and taxes if i buy a condo? Insurance?

Asked by Betty Chan, New York, NY Sun Jul 7, 2013

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Betty, if possible, you should ask if there is any periodic assessment fee related to building improvement (for example, elevator change, building wall renewal)
0 votes Thank Flag Link Tue Jul 9, 2013
Generally common charges, insurance is always a good idea....
0 votes Thank Flag Link Mon Jul 8, 2013
You have to pay for your taxes, insurance, utilities (electric, gas) and the commom charge fee.
0 votes Thank Flag Link Mon Jul 8, 2013
Hi Betty,

You ask many questions that a purchaser should ask before making a major purchase such as real estate. It seems as if you should be assembling a team of professionals to work with including a broker, mortgage banker and real estate attorney.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Suite 1501
New York, NY 10123
212-757-8268 x220
0 votes Thank Flag Link Mon Jul 8, 2013
Do I have the right to ask question ? No one needs to answer my question if they don't want to...........
Flag Mon Jul 8, 2013
A condo is like buying a house. You pay a common charge which includes snow and garbage removal, all maintenance on the outside of the building. You pay all taxes and utilities.
0 votes Thank Flag Link Mon Jul 8, 2013
Some condos may require insurance and it is always good to have insurance coverage.
0 votes Thank Flag Link Sun Jul 7, 2013
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