What are condo fees?
Sometimes called maintenance fees, condo fees are proportionate charges for your share of the upkeep and maintenance of common areas or common elements, and reserve fund contributions of the condominium complex.
Typically, these fees are based on the direct proportion of the unit size in relation to the overall size of all units. Fees vary dramatically, according to the property, age, location, and amenities offered to residents.
*Warning – super low condo fees may be appealing, but be careful you don’t purchase into a complex that is in a financial crisis or headed for a substancial increase.
To learn more contact: Cheryl@ClaytonCondos.com
