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maintenance & common charges
Nikki's Notes: How can buyers make sense of high maintenance fees and common charges at co-ops and condos?
… given how much they impact what you can afford to buy While these costs vary greatly from building to building … monthly output here are some important considerations for common charges and maintenance fees … How do monthlies differ at …
A condo or co-op with lower carrying costs can make buying more doable. Here's where to find one
… Buyers in New York City are increasingly looking at buildings with lower … like a fulltime doorman an onsite super maybe a gym pool or common outdoor space Like Gartenberg she advises … Warburg says she always advises coop buyers specifically to review maintenance costs excluding the buildings taxes …
How do high carrying costs lower the sales price of a co-op or condo? Is there a formula to figure this out?
… building operations In a coop these monthly payments are called maintenance and in a condo they are common … the huge variety in NYC apartments For this reason some brokers dismiss the idea of applying a formula but others do … of rooms and layout and have similar building amenities Its worth noting that this works for appraisal purposes but as a …
