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Home Buying in 21163 : Real Estate Advice

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Activity 2
Tue Nov 30, 2010
George Belleville answered:
I am not sure what town home you are referring to, but some of the town homes in Waverly Woods are condos and some are not. The non-condos pay roughly $40 month in HOA fees, which covers the common area of the neighborhood, the pool, tennis courts, tot-lots, etc. That price is a steal for a pool and fitness club membership.

The condos pay more because with a condo you do not own the exterior of the structure (ie roof and siding) and the care and maintenance of those is handled by the condo ( along with snow shoveling, lawn care, etc.). The condo fee seems expensive, until you think about the cost of exterior maintenance over the life of a home ($5k for a roof here, $5k for siding there, lawn care, gutter cleaning) and realize that it is actually a fair exchange. Also, the homeowners insurance on a condo is usually much cheaper.

I have sold almost every style of dwelling in the neighborhood, so if you have any questions please let me know
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Sun Feb 22, 2009
Lydia Marcondes answered:
Well from what I understand you will get a credit and you must seek an accountant to let you know for sure.
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