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Real Estate
Reply to "starting to think downsizing to a townhouse not worth it"
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[quote=Anonymous][quote=Anonymous]I'm not in NYC or DC area, but we're in the same situation as OP. We can downsize but not down price/cost. THs and condos and 55+ neighborhoods all have association fees in addition to the price of the unit, which offset any savings for less lawncare, etc. The only way we would do it is for location or less work and maintenance, not lower costs. [/quote] Yup! The added HOA fees are because someone else is doing all the work/managing it and paying directly for it. But it's damn nice to be in a Condo and not have to actually worry about the management of all things exterior. I have to manage what's inside my walls, my HVAC and appliances. The water heater is managed by condo, all exterior maintenance/window washing/etc is the HOA responsibility. As you age, it is really nice not to need to be concerned about those issues [/quote]
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