Taxes? Insurance? HOA fees?
2006-11-02 16:13:26 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
property taxes, associates fee and homeowner insurance.
2006-11-02 16:51:32 · answer #1 · answered by bianca 4 · 1⤊ 0⤋
Mortgage, taxes, insurance, association, and utilities should cover it. Insurance won't be a lot, you don't have to cover the building, that will be in your HOA fees. Taxes may or may not be a single bill, there may be Fire District, School District, or other special assessments.
Be aware that of all of those, the only one controlled by a long term contract is your mortgage. The rest can go up without warning.
2006-11-02 16:27:22 · answer #2 · answered by open4one 7 · 0⤊ 0⤋
- Property taxes
- Condo fee
- Your condo fee will cover your hazard insurance for the building. However, you should still purchase insurance that covers the contents of your unit. It's fairly inexpensive.
2006-11-03 04:38:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Unless it is "fee simple" you will have a monthly charge for common area expenses - mowing, parking lot cleanup, etc. Some properties have also contracted for cable/satellite TV or phone service. The property owner disclosures will tell you what is included and how much the monthly charge is.
2006-11-02 16:25:27 · answer #4 · answered by Some Guy 1 · 0⤊ 0⤋
all the above and can be more depending on the complex, how its set up, etc.
not to mention make sure you aren't responsible for exterior repairs on top of HOA fees.
2006-11-02 16:22:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋