XPost: hfx.general, nb.general
From: tilt2027@eastlink.ca
"mctnguy" wrote in message
news:1Np4g.67591$VV4.1292523@ursa-nb00s0.nbnet.nb.ca...
> How much do you pay for condo fees per month?
I'll try and answer based on the condo I sold last fall.
>
> How many units in your condo?
8
>
> Do you have patios/decks?
decks
>
> Does the condo fees go towards lawncare and snow removal?
Yes
>
> Does your fees cover everything except the interior? Or are you still
> responsible for your own roofs, steps, etc?
Everything but the interior ..yet covers original fixtures etc.
>
> Are your condos run by a company or by the owners themselves?
The owners
>
> Do you find that your condo fee (if it's high) has a negative stigma on
> selling your condo? My fee was low -$200 for the area - South End Halifax
> ====================================================
>
> I am asking because I am vice president of a condo association and we are
> having some difficulties with our finances and are looking to raise our
> fees. We currently pay $130/month and I am hearing other condos charge
> $200/month.
>
> Our current fees leave us with only ~$200 each month left over but the age
> of the units now means that things are starting to go (roofs, patios,
> steps, etc) and this $200 extra is not cutting it.
>
> Some of our owners are saying they do not want to raise fees because it
> will make selling the units harder with higher fees. Personally I think a
> run down condo would be harder to sell.
I agree with you. Maintaining your investment is more important.
>
> Any other suggestions would be greatly apprieciated!
Depending on how many units different laws may apply. I really don't
understand why your corp doesn't have a fund for maintaining the units. I
thought this was law to some degree not matter how many units. Even if it
isn't law it only makes good sense.
When I sold my unit..it sold without having to go on the market..the people
weren't so much interested in the fees but interested in the state of
building and the corp finances.
>
> Thanks for your time!
>
Good Luck!
toodles
HeatherM
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