Snippets home page
 
 
register
 
 
real estate

What bills will I have to pay when I buy a condo?

asked by helpfulpasserby (13)

You have 50 words left!
 
 
related questions

Are husbands responsible for their wive medical bills?

If I stop paying on an unsecured credit card debt what can they take from me?

Is it legal for medical bills to accrue interest?

What can I do about my roommate who won't pay his share of the bills?

What can you do when the dental office bills the wrong insurance code and your HMO will not pay?

What do I do if my spouse refusing to pay bills?

What do you need to put in an agreement for a condo buyout?

Tags:  finance  real estate

answers

You will be required to pay mortgage for the condo. You will also have h. o. a. fees that may be due monthly , yearly, or quarterly. You will also have your power bills adn water bills. You may have to pay for trash disposal as well unless that is incleded in your h. o. a. fees.

reply
posted by josh34 (59)
7 votes

Typical expenses associated condo ownership are HOA (Homeowner's Association Dues), homeowner's insurance, repairs and maintenance, property taxes, utilities, and, of course, the mortgage. The HOA dues generally include expenses for the common areas, such as maintenance and repair, utilities, and security, as well as insurance for the exterior walls. Sometimes the HOA dues inclued water and cable for each unit.

7 votes

The bills that you will be responsible to pay when you buy a condo are mortgage, utilities, cable and insurance. Some condo associations also will require you to pay a monthly condo association fee.

reply
posted by bowski (22)
4 votes

Aside from your average bills like heat, electric, mortgage and water/sewer, unless that's covered in your condo deal. You are going to have to pay a monthly condo maintenance fee. This covers any exterior work, lawn mowing, Pool maintenance,elevator maintenance and if there is a gym with in the building.

4 votes

You will have to pay a mortgage payment. You will have to pay for utilities like water, electricity, sewer and phone (if a land line is used). You will probably have to pay a maintenance fee, which covers maintenance of common areas, the building, the pool if there is one, and property taxes.

4 votes

Report a post on this page as inappropriate
 If you have questions about user content, read our liability disclaimer

  
   
Add your own answer in 50 words or less! Add your comment in 50 words or less!

copyright © 2008
conjecture corporation

FAQ About Us Contact Us Terms & Conditions Privacy Policy