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Real Estate
Reply to "buying a condo with $350HOA fees"
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[quote=Anonymous]We owned a 670 SF 1BR + den (could be considered 2BR) and 1BA in a nice part of DC for around a decade before selling it several years ago. That’s what our fee was, more or less, and it was considered low. The condo was a nice mid-rise with no amenities other than a shared roof top deck that was barely furnished. The single biggest expense in a no frills building, which nobody here has even mentioned, is the elevator. But a building has to have one or the value of the units plummet even if you’re on the first or second floor. We bought our place in the upper 300s and sold for just over $500k. So we did fine. [/quote]
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