Sell the shovel!

People tend to be afraid of buying a condo because of the monthly condo fees so I did a little survey and asked people what they spent on maintenance, utilities, etc. on their own houses.
SURVEY SAYS...It’s cheaper to live in a condo!

There are a lot of savings because you basically have a whole bunch of people helping you care for your house.
Typically condo fees cover:
*Insurance (except you pay contents insurance)
*Utilities (sometimes you pay your own electricity)
*Garbage/Recycling
*Snow removal
*Lawn Care
*Maintenance and Repair of the condo building. A little bit every month (maybe $100 or $110 of your condo fees) goes towards a big fund that replaces everything in your building. The nice thing too is that if you need a new roof you don’t have to fork over 5-10 thousand dollars to pay for it. The condominium Corporation has already factored that in and they pay for it.

All of these things you would have to pay for anyway if you lived in your own home and the amount could be much less predictable than knowing what your condo fees will be each month.

SOOO don’t be afraid of condo fees. If you look at the overall picture it’s actually a lot less expensive to live in a condo and have it maintained well as opposed to owning your own home. Just make sure when you buy a condo that the reserve fund is in good shape. That it’s fully funded, and that the property is in good repair. Other than that you should be good to own a condo. AND you don’t have to shovel your snow, mow your grass, weed your lawn, or paint your house.
#DontLetCondoFeesScareYou
#CommunalLivingSavesMoney
#NoMoreSnowToShovel
#SellTheLawnMower
#TeamKander