Special offer

I hope your condominiums special assement is sky-high

By
Real Estate Agent with Berkshire Hathaway Home Services Fox and Roach Realtors

Yeah, I know....I am the unpopular one.

I am the smart-a** who sits in the back row of the condo board meetings heckling board members while a martini is spillin' out of my right hand. I am the one who always votes for higher condo fees and special assessments. And I don't care if you don't like me.

I want the common areas attended to frequently. I want light bulbs in the stairtower changed, the carpet in the hallway swept, and the windows cleaned with resonable frequency. I want my doorman to be tidy and responsive...not some slug who can't at least smile, or feign politeness when my guests arrive. I am not interested in a mouse on the 5th floor of my condo building (say, in the trash room), nor am I much of a fan of filthy awnings over our front entrance, or fire extinquishers that haven't been routinely serviced.

In the case of communal living in a high rise condo building, or a loft here in downtown Philadelphia, I believe what is good for the gander, is good for the goose. Hurray for special assessments that keep our building in A+ condition, not only visually, but also mechanically. Because nothing spells low resale value, potential building structural and mechanical weakness like a lack of maintenance....not to mention that if we don't keep good repair of the common roof, and it leaks, ultimately our master insurance policy rates are going to sky-rocket. 

Try not cleaning or maintaining the inside of your condo, and see where that gets you. True also of the larger building- an ounce of prevention is worth a pound of cure. And like your teeth, your relationship, and the car you drive, everything in this world requires ongoing care and upkeep.

So bring on those special assessments if and when necessary. This condo is an investment for me, and I plan on protecting that investment and watching it grow!

Mark Wade

CenterCityCondos.com

Cary & Kim Johnson
Coral Shores Realty - Margate, FL

Hey if you're so happy to pay, why not pick up the bill for all of it !!

 

We believe in maintenance, but we also feel there are HAVE TOs and WANT TOs.  We fully support paying the have to bills, but we want frugality when it comes to the want tos...

Feb 09, 2008 07:57 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos
Mark,  Don't hold back.  C'mon, let 'er rip !  Now take a deep breath and go check to see if the condo docs allow a unit owner to practise free speech !   Seriously, I take your tongue in cheek comments are meant to make the point that effective maintenance makes good sense.  I have seen some buildings where they felt otherwise.
Feb 09, 2008 07:59 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
I look for condominium that have good reserves and a good reserve study and plan.  It also is important to take into consideration what is actually needed -- perhpas the high end improvement is not necessary or economically feasible for many.  Good maintenance, planning and reserves are important -- special assessments should be the exception and not the norm.
Feb 09, 2008 08:01 AM
Jane Wallace
HomeSmart Realty - Denver, CO
CRS | SRES, Denver Real Estate
Right On... When Owners want to keep their Monthly Dues low they have to Special Assess for Maintenance. My Thought is to keep your reserves high so everyone is paying for the maintenance while they are living in the Condo. We had 2 Board Presidents who kept the dues low and than moved so in the past 4 years we have had 2 Special Assessment's for Maintenance.
Feb 09, 2008 08:08 AM