|Re: Condominium Fees||<– Date –> <– Thread –>|
|From: Joani Blank (jeblankic.org)|
|Date: Mon, 16 Nov 1998 20:33:23 -0600|
Condo fees at Doyle Street range from about $170 to $230 per month. At Old Oakland they will be considerably higher. We have to have bigger reserves (reserves are required by law here) for big future expensive stuff like replacing roofs.We have to pay earthquake insurance here in N. California, and liability insurance of course. Utilities for the common areas are substantial even if you don't need any or much heat. . Most communities have to hire stuff out even if everyone in the community is handy and has the time to do repairs and maintenance of the property (like when the sewer line gets blocked). Then there's fire, water or wind damage to any common property (buildings or land) that's not covered by insurance. Washing machines and dryers and water heaters and furnaces break (we just replaced our common house refrigerator), you finally decide to get matching tables and chairs. It really adds up. Then there are the potentially costly items unique to your community For example, some roofing materials of the historic building we are turning into our community have been removed to provide us with sunshine and open space between our two rows of units. Those metal trusses which will fly over our walkway have been protected from the elements for 80 years. Now they have to be sealed to protect them from sun, rain, airborne dirt, and pigeon poop. That will have to be redone every X years and will cost several thousand dollars each time. I'm sure you get the picture. Joani Blank Doyle Street CoHousing (currently) and Old Oakland CoHousing / Swan's Market (future)
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