2007-04-07 06:22:01 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
There are financial increase all over the place. They may have to give employees raises. Gasoline price increases might effect things like landscaping or snow plowing costs. Everything is more expensive year over year.
2007-04-07 06:35:40 · answer #1 · answered by Angie 6 · 0⤊ 0⤋
Mostly the price of insurance has gone up and the cost to maintain the common areas depending on the condition of the units.
Its safe to say the annual taxes on the unit is the same as a condo fee or its 10-15% of the total tax value of the home.
You can write if off the household income taxes(talk to your tax provider), so put it in a separate savings account and keep great records.
2007-04-07 13:59:15 · answer #2 · answered by Denise W 6 · 0⤊ 0⤋
It's proportional to the service.
Less service more fees, the condominium rule.
2007-04-07 14:19:59 · answer #3 · answered by kenmauiphoto 5 · 0⤊ 0⤋
Inflation
2007-04-07 19:12:35 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋
Well of course they do. Utility costs are sky-high, manager and janitor salaries go up each year, landscape fees go up. Everything increases!
2007-04-07 13:27:14 · answer #5 · answered by chante 6 · 0⤊ 0⤋