1. You Will Be Responsible For Home Maintenance, Snow Clearing & Yard Work
Perhaps the main reason that potential home buyers balk at condo fees is that they don’t really understand what they are paying for. What does your fee buy? Apart from putting some money into a slush fund for longer term maintenance or unforeseen circumstances, condo fees pay for essential home owner services including: insurance, snow clearing, gardening and in many cases onsite management. And the most attractive part is that as a condo owner, you are sharing these costs with other owners, so your risk and expense is usually lower than if you were paying for all of the costs by yourself.
2. No Need to Save Extra
If you are not paying condo fees, you had better be a…