11-27-2018, 06:03 PM
(11-27-2018, 05:50 PM)Momo26 Wrote: That's very true. I should rephrase - in new(er) buildings where the focus is efficiency/max units in the given space. There are others. I've seen some of those on sale ie. 1500sqft with $.50+ monthly maintenance! That's almost a second mortgage.
Yes, condo fees don't drop for bigger units, so that's a factor, too. A well-maintained recent building (without a concierge or a swimming pool) should have condo fees under $0.45. Somewhat older buildings might be in the $0.50-0.60 range, but then you will likely have lower purchase costs to make up for the higher condo fees.
And the $0.40/sqft condo fees you might see advertised for new builds are almost certainly going to turn out to be optimistic, and to jump up once the condo is registered.