Re: CoHo Condo Fees
From: Katie Henry (
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 
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

Results generated by Tiger Technologies Web hosting using MHonArc.