condo fees

Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions.

In addition -- and this is very important -- a portion of condo fees are held by the building as reserves to fund major maintenance projects.

On average, our research shows, condo unit owners can expect to pay $0.44 / SF / per month or $440 in monthly condo fees for a 1,000 SF unit.

One of the most common questions asked by first time condo buyers is how much individual buildings charge in monthly condo fees.

One of the most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in monthly condo fees.

The Austonian is going to be nice.

At 56-stories, it will be the tallest building in Austin. In fact, it would be the tallest residential building in San Francisco.

It has a beautiful pool and a dog park with a special doggie toilet.

Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions.

As we have written before, one of most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in monthly condo fees.

AustinTowers is very excited to launch a comprehensive Downtown Austin Condo FAQ (Frequently Asked Questions) as a new permanent section of the site.

The FAQ will provide a comprehensive overview of the emerging downtown Austin high-rise condo market by answering the most common questions facing condo buyers.

One of the most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in monthly condo fees.

The price of a condo is only one component of the final cost. In addition, you'll need to think about monthly condo fees, property taxes, utilities, etc.

The good news is that the price is relatively fixed: unlike owning a single family house, you won't need to worry about surprise maintenance projects like a new roof or new AC that can cost thousands of dollars.

Here are cost estimates for three size condo units in a new downtown high-rise development:

Typical 1-Bedroom Unit
Square Feet: 750
Price: $281,250