BROWSE ONLINE OR CALL US AT 215-542-8381

Vanguard Realty Associates

Vanguard Realty Associates

Blog

Condos and Money Misconceptions

Filed under Condos on Aug 14,2018 | Tagged in: , ,

When it comes to money, fees, and financial issues, condo ownership is often misunderstood.  Whether you’re a current condo owner, or considering being one, it’s a good idea to be clear about the costs that might come along with your new home. 

Investopedia.com offers highlights of some of the most common misconceptions.  First, a condo is a shared ownership model, so you and other owners will share in the costs of maintaining the building. These costs, along with the costs for heat, water, sewer, garbage collection or even cable TV, can be included in the condo fee. Sometimes, your condo association will levy a Special Assessment, which may require additional funds for an unexpected building expense.  In some condos, fees go up frequently, which could be a sign of poor management. 

The bottom line? 

Review condo documents carefully before buying.  Better yet, contact Vanguard Realty Associates.  We’ll steer you towards condos that are well managed and help clarify any misconceptions about the true cost of ownership.

Please follow and like us:

Testimonials

"I worked with Donna Brun for the past year to sell my home in Cold Point Manor. The real estate market has not be optimal for sellers. I have to share it was a pleasure to work with Donna. Her commitment and honesty were important to me. She cares about the work she does each day which I find so valuable and refreshing in business today. I would highly recommend Donna Brun to help you with your real estate needs." - Scott Passman

Scott Passman

Dec
06

A Lot of Local Chocolate! Read More

Nov
29

Easy Cookies for a Crowd Read More

Nov
22

Holiday Clean Out Read More

       

2350 Butler Pike, Suite 6, Plymouth Meeting, PA 19462 | Phone: 215-542-8381 | Fax: 484-344-5344 | Email: info@vanguardrealtyassociates.com

Offering the best Montgomery County PA Real Estate and Bucks County Real Estate

© copyright 2022 Vanguard Realty Associates