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Real Estate
Reply to "Why are SW DC condo/co-op HOA fees so exponentially expensive"
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[quote=Anonymous][quote=Anonymous]I live in one of the SW co-ops and I used to hate the high fees, but I've come around. As others have pointed out they include taxes, utilities, internet, cable, most maintenance, gym, indoor pool, reception to handle packages and, yes, acres of lovely green space. My kids have about half a football field in the "backyard," plus trees and fountains. It's great. We live in a townhouse, which feels like any other fee-simple townhouse, but the instant something needs repairs I just notify management and it's taken care of, often the next day, and usually without a fee. If there's follow-on repairs, like the time a pipe burst damaging the walls and floor, management arranges and covers those fixes as well. There's definitely some premium over handling everything yourself, but once you add it all up, it's not that much, and at this point my time and sanity are more valuable to me. If it's not for you, and you want to handle everything on your own, good for you.[/quote] Yup, the convenience of having maintenance come by right away when you find the neighbors upstairs have a leak on the afternoon of Christmas eve is really worth it. Plus, it's really pretty and uncrowded waterfront greenspace is very nice right now. https://www.harboursquare.coop/[/quote]
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