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Reply to "HOA vs Condo Fees"
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[quote=Anonymous]I would want to know what are the typical water bills at the 1998 house. When I was in a townhouse, our biggest cost driver in our fees was water and unfortunately, because water was shared amongst everyone and there was no way to individually meter it, there wasn't much incentive to conserve. I'd also double check on your homeowner's insurance on the new construction TH. Just because it is legally a condo doesn't mean you have cheaper homeowners' insurance. Totally depends on what the assn covers in terms of disaster. At my townhouse, it was legally a condo, but I was responsible for all exterior maintenance, roof, etc., so I had to insure it like it was a fee simple home. [/quote]
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