Kevin Roe, Home Buyer in Chicago, IL

How much are owner assessment fees?

Asked by Kevin Roe, Chicago, IL Tue Sep 20, 2011

Help the community by answering this question:

Answers

8
Every building is different work with agent and they should be able to help you answer this.

Thanks
Simir Shah
312 970 0289
0 votes Thank Flag Link Tue Sep 20, 2011
Not sure it depends on the association.
0 votes Thank Flag Link Tue Sep 20, 2011
Kevin get yoursef an agent. It costs you nothing but a little loyalty to have someone work with you
0 votes Thank Flag Link Tue Sep 20, 2011
Depends on which building. The more amenities, the higher the cost.
Web Reference: http://AmericorpRe.com
0 votes Thank Flag Link Tue Sep 20, 2011
Since each complex is different, ask your agent the question, or if you know who management is, do contact them directly.
0 votes Thank Flag Link Tue Sep 20, 2011
What property are you referring to? As others have said, it varies from property to property. In addition to utilities & maintenance, some properties offer "common ammenities" (like parks, pool, club house, excercise room, etc.) This can add to the HOA fees.
Web Reference: http://www.sallygrenier.com
0 votes Thank Flag Link Tue Sep 20, 2011
Home Owners Association (HOA) fees depend on the property type and services that are covered. Townhomes have typically the lowest HOA fees (starting at $100/month) because all utilities are paid by the owner. Also, most of exterior repair would be covered by the individual owners. High-end condo buildings where heat, gas, water and other utilities are included in the association fees can be as high as $350 per month and even over $400 in more affluent communities. In many cases, HOA fees also pay for pool access, gym, clubhouse etc.
0 votes Thank Flag Link Tue Sep 20, 2011
It depends on the building. The assessments cover the expenses of the building and they vary from one building to another.
0 votes Thank Flag Link Tue Sep 20, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer