Re: CoHo Condo Fees
From: Chris ScottHanson (cscotthansonmac.com)
Date: Thu, 12 Mar 2015 14:28:12 -0700 (PDT)
In central Canada we are finding condos to be approx. $,25 / sf per month. 
Can$.    Therefore a 1000 sf unit fees run about $250 / month. 

Be sure and leave enough for generous reserves.

Chris ScottHanson
(206) 601-7802
www.urbancohousingassociates.com

> On Mar 12, 2015, at 2:14 PM, Sharon Villines <sharon [at] sharonvillines.com> 
> wrote:
> 
> 
> 
>> On Mar 11, 2015, at 10:12 AM, ROBERT BERNSTEIN <bbbrnstn [at] icloud.com> 
>> wrote:
>> 
>> Wissahickon Village CoHousing is creating a financial model of the monthly 
>> costs of owning a home in our community.  Can anyone provide guidelines for 
>> estimating what our condo fees will be?
> 
> Property managers have formulas for such things. I would contact a property 
> manager or management company in your area ask what an average condo fee is 
> for a community your size in your area. The same size won't have the CH but 
> that will be  offset with staff costs.
> 
> When we moved in our fees were so low that the management company that 
> handled our finances said we needed to triple them. And we did. It took three 
> years to raise them that high and more years to catch up.
> 
> Sharon
> ----
> Sharon Villines
> Takoma Village Cohousing, Washington DC
> http://www.takomavillage.org
> 
> 
> 
> 
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