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Originally Posted by Realtor 1
actually that is a fairly healthy reserve fund for a condo conversion that took place roughly 5 years ago.
As for condo fees, it really isnt as bad as some might think. I personally look at a place like arriva where we just sold a unit with condo fees in the 800s i believe. That building has nothing but a party room. Granted they have full time security and window washing isnt cheap but still. Paying 800 a month on a 1100 sq ft condo is close to a mortgage payment for some.
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THat is due to poor developers and condo fees. I like in vetro. 1000 sq feet for 385. Includes everything but electricty., A gym, sauna, hot tub, movie room, games room, etc. Our reverse after 2 (and the first year wasnt a full year) years is now at 300k.
So yes its expensive and Arriva was a poor development in terms of developer and management.