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Real Estate
Reply to "Is it worth it to buy at the Watergate?"
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[quote=Anonymous]I've been in several units in Watergate South and they are striking because of how big they are. Even 1BRs are much bigger than what's being built new today. The units are well-insulated - I don't think I ever heard a neighbor or smelled someone else's cooking. The downside (other than lack of community) is the fees. That's the reason the unit prices are so low - if you are paying $2K+ in monthly coop fees that's like going up $300K in purchase price elsewhere for the same monthly payment. And the amenities aren't exceptional, but you are paying for the pool, the extensive full-time staff, the fountains, the landscaping, etc. A friend who renovated found it challenging because there are procedures for contractors to be approved to work in the building, and the hours allowed for work are limited. [/quote]
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