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Reply to "HOA vs Condo Fees"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My impression is that A) non-condos have better resale value B) Condo fees rise at a higher rate than HOA fees. C). The definition of what is really covered for "exterior" stuff can vary. In-laws experienced ice-damning and leaking as a result on new construction and the Condo board refused to pay to repair it or work on a long-term solution even though nearly 1/3 of the owners were affected. I think they had to threaten to sue to get it taken care of. [/quote] I am the OP, agree. I kind of have that feeling. New house will most likely not to repair for the first 15 years. And if, everybody needs repair, they will jack up the condo fees. Yes, the resale value would be less I assumed. [/quote] Oh, there's always going to be a low level of drama with the builder on new construction. [/quote]
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