I do not like condo fees

I don’t like condo fees

Some people say they “don’t like condo fees.” You might hear statements like:
“I don’t want to look at a condo because I don’t want to pay condo fees”

However, condo fees cover a variety of expenses that homeowners would otherwise have to pay out of pocket.  The specific items covered depend on the condo corporation, but they often include:

What Condo Fees Can Cover:

• Roof Maintenance
• Windows
• Deck Maintenance
• Common Area Maintenance
• Parking
• Insurance for the building(s)
• Professional Management
• Reserve Fund Contributions
• Snow Removal
• Trash Collection
• Water
• Shared amenities, (fitness room) 

If you live in an apartment-style condo, the fees may also cover:

• Electricity
• Gas
• Heat
• Elevator Maintenance
• Amenities in the building 

Advantages of Paying Condo Fees:

1. Predictable Maintenance Costs – You won’t suddenly face a large bill for roof repairs, window replacements, or deck maintenance. You will have a monthly payment. 
2. Exterior Upkeep – The condo corporation ensures the property looks well-maintained and uniform.
3. Shared Costs – Major expenses are divided among all unit owners, reducing individual financial burden.
4. Less Personal Maintenance – No need to worry about lawn care or snow removal.

When you own a freehold home, unexpected costs can arise, such as:

• Replacing the roof
• Window replacements
• Deck repairs
• Hot water tank replacement
• Hiring contractors for lawn care and snow removal

With a condo, these expenses are often managed collectively through your monthly fees.

What Condo Fees Don’t Cover:

• Interior Maintenance (e.g., appliances, plumbing, or electrical issues inside your unit)
• Internet
• Contents Insurance (you still need personal home insurance)
• Property Taxes

Why Some People Prefer Condos:

• Major exterior maintenance is taken care of.
• The community maintains a uniform and well-kept appearance. (In non-condo townhouse complexes, individual homeowners may neglect their yards or maintenance, leading to inconsistencies. )
• Enjoyment of amenities

Why Some People Avoid Condos:

• Condo corporations enforce rules that all residents must follow.
• Not all condos allow pets
• Some people prefer direct control over their property rather than relying on a condo board.

Ultimately, whether a condo is the right choice depends on your lifestyle, budget, and personal preferences. If you are considering buying a condo, make sure to go over with your REALTOR® what the condo fees cover.