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Typical Costs Involved with Condo Ownership
•Monthly Condo Association Fee. •HO6 Insurance Policy on your personal unit which covers liability and your contents. •Property Tax for your personal unit. •Your monthly utility costs •Interior maintenance to your unit and its systems and appliances •Any yearly assessments voted on by your condo association which are not covered by your monthly dues. In the condo price range of an under $200,000 condo, yearly assessments have been seen at $1400 to $2100 each year per owner, usually payable in 2 or 3 increments.
These costs can range widely for different complexes and these price examples are simply to make you aware of the existence of this possibility.
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