Condo has maintenance fee and tax propery

deafaussie said:
How so? There are many houses around me are in 460,000. DAMN that's a lot! 380,000 is a freaking bargain to me.
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yeah it all depends where you live the enviroment, the workplace, the popularity, etc...

the city i used to live in willmar, mn brand new 1,500 sq ft home with 3 bd room 2 baths cost $120,000 and its unfinished basement, you can expand yourself in the basement.

place where i live right now.. brand new home 958 sq feet, unfinished basement, 3 bedroom, 2 baths for $149,000 if you finished the basement it can go up from 958 sq feet to 1,400 sq feet. possible add 1 bedroom and/or 1 bathroom.

and its only 1 hour away from big Metro area Minneapolis/st. paul.

so thats cheap.. if you live in minneapolis/st. paul area.. brand new homes can be $250,000 to $500,000 for the same size as the area where i live.
 
VamPyroX said:
$380,000!? Damn, that's a lot!

That's more than my parent's house!
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I agree, that's very high. It all depends on the location.

My house is 2,100 sq. ft, 4-bdrm, 2 1/2 bath, 2-car garage, many improvements and extras; market value about $180,000 now. Our HOA fee is $100 per year. If we want to use the community pool, it's another $100 per season (April-Sept).

Condos in this area are more expensive if they are near the beach. If they're not near the beach or golf course, then they are cheaper.
 
Reba said:
I agree, that's very high. It all depends on the location.

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Condos in this area are more expensive if they are near the beach. If they're not near the beach or golf course, then they are cheaper.
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Yes, I agree it all depends on locations. However, my city is Irvine which is in Orange County, California which was voted the most safest city in US as stated by the FBI and its the most exclusive suburb in Orange County. Most single houses starts from average 1 million to beyond. Duplex houses starting from 600,000 and upwards and condos starting from 430,000 and up.

Its very close to Newport beach and other beaches along the coast.
 
Reba said:
I agree, that's very high. It all depends on the location.

My house is 2,100 sq. ft, 4-bdrm, 2 1/2 bath, 2-car garage, many improvements and extras; market value about $180,000 now. Our HOA fee is $100 per year. If we want to use the community pool, it's another $100 per season (April-Sept).
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I am surprised that you have HOA on your property. How many house developments are on the property? Your house doesn't look like HOA to me. Beside, it is a nice house.
 
webexplorer said:
I am surprised that you have HOA on your property. How many house developments are on the property? Your house doesn't look like HOA to me. Beside, it is a nice house.
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All the single family house subdivisions in our area have HOA's. The fees go mostly for maintaining the subdivision entrances and common areas. The high end subdivisions (gated communities) use their fees for gate security also. We also have several pages of covenant restrictions, such as no semi-trucks parked in the neighborhood, number of pet restriction, architectural review board, etc. We have 450 single-family houses in our subdivision. (Excuse me, I think the newer subdivisions prefer to be called "communities", especially if they have a golf course nearby. La, de, da.) Many of the "communities" around here are also called "plantations" because they are built on land that used to be real plantations.

Condos (apartment and townhouse) in this area usually call their fees regime fees or condo association fees.
 
webexplorer said:
...Beside, it is a nice house.
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Thank you. :)

My brother still lives in Connecticut, and he says I must live like the Dukes of Hazzard because I live in South Carolina. (Nah, my Dodge Charger was a '72, and Hubby's was a '73, not '69 like the Duke boys' had.)
 
Reba said:
All the single family house subdivisions in our area have HOA's. The fees go mostly for maintaining the subdivision entrances and common areas. The high end subdivisions (gated communities) use their fees for gate security also. We also have several pages of covenant restrictions, such as no semi-trucks parked in the neighborhood, number of pet restriction, architectural review board, etc. We have 450 single-family houses in our subdivision. (Excuse me, I think the newer subdivisions prefer to be called "communities", especially if they have a golf course nearby. La, de, da.) Many of the "communities" around here are also called "plantations" because they are built on land that used to be real plantations.

Condos (apartment and townhouse) in this area usually call their fees regime fees or condo association fees.
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How about crappy old houses in inner city like Detroit? I bet that they are HOA-free.
 
Pacman said:
How about crappy old houses in inner city like Detroit? I bet that they are HOA-free.
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It could be cuz most of the inner city neighborhoods here in Baltimore and DC have no HOAs and u can see the difference when comparing to communities with HOAs. My husband refuses to buy a house that has HOA fees...I am not sure if that is a good idea cuz sometimes HOA are good with their strict rules about keeping each property well kept. I do not want to have neighbors trashing their properties and bringing my house value down. There are pros and cons...hmm
 
shel90 said:
I am SO ready to buy a townhouse or house but my husband is the realistic one..he figures all those these u just stated and brings me back to reality about buying a home. Why are they so expensive? Are jobs out there paying that much? I guess I am in the wrong field or something?
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Did you know there is a townhouse community near Reistertown Road and I-695 with a HOA (townhouse/condo fee) fee of 11 bucks a month?
 
besemiasno said:
Did you know there is a townhouse community near Reistertown Road and I-695 with a HOA (townhouse/condo fee) fee of 11 bucks a month?
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11 bucks? My husband doesnt want a townhouse..wants a single family home. We are in contract with a home in Old Brooklyn Park near Baltimore. We both like that area so if this house doesnt work out, there are many other homes for sale in that area..hehehe. I just love this house cuz it has a jacuzzi tub!!!!! :sobs:

The reason I said "sob" cuz the contract is in danger of becoming null cuz the sellers are pissed off at us and their agent is very pissy. Oh boy..will find out more tmw if it is still on or not.
 
shel90 said:
It could be cuz most of the inner city neighborhoods here in Baltimore and DC have no HOAs and u can see the difference when comparing to communities with HOAs. My husband refuses to buy a house that has HOA fees...I am not sure if that is a good idea cuz sometimes HOA are good with their strict rules about keeping each property well kept. I do not want to have neighbors trashing their properties and bringing my house value down. There are pros and cons...hmm
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You're right about HOA is good for guaranteeing that your home is sold or bought at a fair price without being devalued by the neighbors' neglect of their own properties. I'd still go with an HOA, but would watch out for fees or prices to make sure they're reasonable.
 
shel90 said:
11 bucks? My husband doesnt want a townhouse..wants a single family home. We are in contract with a home in Old Brooklyn Park near Baltimore. We both like that area so if this house doesnt work out, there are many other homes for sale in that area..hehehe. I just love this house cuz it has a jacuzzi tub!!!!! :sobs:
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Aww, when are you gonna invite me over?? j/k! Will your brother be in town for July 4th?
 
besemiasno said:
Aww, when are you gonna invite me over?? j/k! Will your brother be in town for July 4th?
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If we get the house, we are gonna have a PARTY trust me! Of course will invite u! My brother is here in MD..I dont know what are his plans for July 4th..I can ask him. He is living in the dorms at McDaniel's college in Westminister..
 
shel90 said:
It could be cuz most of the inner city neighborhoods here in Baltimore and DC have no HOAs and u can see the difference when comparing to communities with HOAs. My husband refuses to buy a house that has HOA fees...I am not sure if that is a good idea cuz sometimes HOA are good with their strict rules about keeping each property well kept. I do not want to have neighbors trashing their properties and bringing my house value down. There are pros and cons...hmm
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HOA has been around in CA since 1970's, few communities that built in 1970's are abandon the HOA due increase more illegal immigrants to own house then abuse their properties, it does happen in somewhere in Ontario or Fontana.
 
shel90 said:
11 bucks? My husband doesnt want a townhouse..wants a single family home. We are in contract with a home in Old Brooklyn Park near Baltimore. We both like that area so if this house doesnt work out, there are many other homes for sale in that area..hehehe. I just love this house cuz it has a jacuzzi tub!!!!! :sobs:

The reason I said "sob" cuz the contract is in danger of becoming null cuz the sellers are pissed off at us and their agent is very pissy. Oh boy..will find out more tmw if it is still on or not.
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There's some townhouse in LA does included with jacuzzi tub, lol...
 
Pacman said:
What are they doing if home owners who refuse to pay HOA fee?
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The association takes them to court. In every case that they've done that, the HOA has won. They collect the HOA fee AND court costs. Also, until the court case is resolved, the HOA has a lien on the house.
 
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