Condo and townhouse association fees can vary greatly from complex to complex, and buyers can get excited when they find a complex with low dues. But before you jump for joy be sure to take a look at what the dues cover... and even more importantly, what they don't cover.
Among other things, low association dues can mean...
- The association doesn't cover much, and each unit owner is responsible for almost everything except lawn care and snow removal
- The association pays for repair/replacement costs through special assessments rather than association reserves
- And more...
See these posts for details on what condo/townhouse associations may or may not cover...
- Condo vs Townhome vs House
- Is your association's repair/replacement plan fully or partially funded?
- No Dogs Allowed...about CIC association restrictions
Sharlene Hensrud, RE/MAX Results - Email - HomesMSP.com
HomesMSP Team with RE/MAX Results--Sharlene, John, Angela
