|Re: CoHo Condo Fees||<– Date –> <– Thread –>|
|From: Katie Henry (katie-henryatt.net)|
|Date: Fri, 13 Mar 2015 20:18:09 -0700 (PDT)|
Following up on my previous message ... Smaller communities should think carefully about including a lot of technology because of the logistics and expense of maintenance and repair. For example, an elevator may seem like a good idea (and may in fact be required), but in addition to the upfront cost (our elevators were about $60,000 each, I believe), you may also need the following. (Prices from 2008 in an expensive urban area.) 1. An annual maintenance contract with the manufacturer -- $4,700 (for two elevators). 2. A phone line for each elevator for the emergency phone -- $514/year/elevator (commercial service, so more expensive). 3. A monitoring company to monitor the emergency phone -- $400/year. 4. Periodic regulatory inspections, which require the expensive presence of your elevator mechanic and possibly someone from your alarm system maintenance company, plus a license fee. 5. Emergency service calls if someone is trapped in an elevator, which can be over $1,000 on nights and weekends. (Unless your local fire department will do it for free.) 6. Someone to set up and keep track of all of the contracts and someone to schedule and escort inspectors and service providers. Katie Henry
- Re: CoHo Condo Fees, (continued)
- Re: CoHo Condo Fees Katie Henry, March 13 2015
Results generated by Tiger Technologies Web hosting using MHonArc.