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Real Estate
Reply to "buying a condo with $350HOA fees"
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[quote=Anonymous][quote=Anonymous]A $350 fee will not get you a pool, folks. That's a super low condo fee. Do your due diligence -- do they have a reserve fund? Do they charge special assessments for capital improvements, e.g. a new roof, electrical maintenance, a new boiler, elevator repair?[/quote] Mine does and hasn't increased much in the 8 years that I have been here. Our complex recently sold some (unused) land to a nearby developer, pumping up our reserves. So I don't forsee a huge increase in the near future either. These are, however, the exact questions and issues that one should be aware of. I definitely agree with that.[/quote]
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