Wait before you jump for joy at low association dues

Condo and townhouse association fees can vary greatly from complex to complex, and buyers can get excited when they find a complex with low dues. But before you jump for joy be sure to take a look at what the dues cover… and even more importantly, what they don't cover.

Condos-happy dance

Among other things, low association dues can mean…

  • The association doesn't cover much, and each unit owner is responsible for almost everything except lawn care and snow removal
  • The association pays for repair/replacement costs through special assessments rather than association reserves
  • And more…

Higher association dues can sometimes be a good sign…

  • That the property is well maintained and well cared for
  • That you don't have to worry about unexpected expenses because the association covers nearly everything except electricity

See these posts for more information on what condo/townhouse associations may or may not cover…

Sharlene Hensrud, RE/MAX Results – EmailHomesMSP.com

HomesMSP Team with RE/MAX Results–SharleneJohnAngela

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I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.