10-23-2015, 10:16 AM
31 posts, read
37,620 times
Reputation: 45
Hello folks, I been contemplating selling my small home which is located in a nice wooded, quiet area on the north shore to purchasing condo in a new development in an upscale community nearby. I had a recent tour of the condo unit, loved it as well as the entire complex and surrounding outside area. This development has only 20 units with no amenities which is exactly what I want in a condominium, if I was to buy. I was ok with the price of the unit. But, I wasn't happy with the fact that you had to purchase together both the underground parking space and a separate storage space. The parking price is $10,000 and the storage space is $9,000. But what seems
unethical to me is that the management wants a monthly fee of $10.00 for parking and another $10.00 for storage AFTER you purchase them. This was a deal breaker for me, I walked away. Has anyone ever heard of such a thing?
10-23-2015, 11:06 AM
Location: Needham, MA
8,543 posts, read
14,018,658 times
Reputation: 7929
I'm not sure if I've ever seen this before as there aren't too many new construction condo buildings in my neck of the woods. However, I think it makes sense.
10-23-2015, 11:12 AM
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,937 posts, read
36,948,491 times
Reputation: 40635
$20.00 a month is the dealbreaker? Ok.
10-23-2015, 11:16 AM
779 posts, read
1,003,738 times
Reputation: 834
Quote:
Originally Posted by
timberline742
$20.00 a month is the dealbreaker? Ok.
The deal breaker is paying over $10k to begin with and then charging monthly for what you already bought outright....
I wouldn't do it either, if you bought the parking spot it should simply be yours...
10-23-2015, 11:24 AM
Location: Needham, MA
8,543 posts, read
14,018,658 times
Reputation: 7929
Quote:
Originally Posted by
NycLaidBack
The deal breaker is paying over $10k to begin with and then charging monthly for what you already bought outright....
In a condo association you don't ever really buy anything "outright" ever. If this was single family home and you wanted to let your driveway fall into disrepair that's one thing. However, in a condo you're going to be asked to maintain the building and it's amenities.
10-23-2015, 11:31 AM
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
41,937 posts, read
36,948,491 times
Reputation: 40635
Quote:
Originally Posted by
MikePRU
In a condo association you don't ever really buy anything "outright" ever. If this was single family home and you wanted to let your driveway fall into disrepair that's one thing. However, in a condo you're going to be asked to maintain the building and it's amenities.
Yup, seems totally reasonable. I'd want that stuff to be maintained.
10-23-2015, 11:44 AM
Location: 42°22'55.2"N 71°24'46.8"W
4,848 posts, read
11,809,039 times
Reputation: 2962
Quote:
Originally Posted by
NycLaidBack
The deal breaker is paying over $10k to begin with and then charging monthly for what you already bought outright....
Disagree. As Mike already explained, each owner doesn't pay out of pocket to repair a crack on their parking spot. The association will arrange to get the whole garage repaired as necessary and the extra $10/month goes towards this large capital expense. This is the whole point of living in a condo.
Also, $10k per spot is a bargain compared to the $40k or more that a garage spot in Brookline would cost (OP did not mention what city they were looking in). Instead of building the price of a parking spot into the cost of the condo unit, owners only pay for the number of spots they need whether it be 0, 1 or 2 spots.
10-23-2015, 12:14 PM
Location: Ohio
2,310 posts, read
6,824,030 times
Reputation: 1950
Is the condo forcing all buyers to purchase the parking and storage? If so, what if the buyer doesn't have car and need no storage?
10-23-2015, 12:26 PM
Location: Needham, MA
8,543 posts, read
14,018,658 times
Reputation: 7929
Quote:
Originally Posted by
Parsec
Also, $10k per spot is a bargain compared to the $40k or more that a garage spot in Brookline would cost (OP did not mention what city they were looking in). Instead of building the price of a parking spot into the cost of the condo unit, owners only pay for the number of spots they need whether it be 0, 1 or 2 spots.
I think the record for a parking spot was $560K a couple of years ago for a tandem spot on Beacon Hill. I have a friend who bought a tandem spot in a South End garage maybe 5 years ago and I think he paid $75K. I believe the OP is looking on the North Shore though. So, I would expect parking to be a lot cheaper.
I would also add that for only $10K/space anyone who doesn't buy two spaces (for resale purposes) needs to have their head examined (provided budget allows). Sometimes in these buildings you can rent your extra space if you don't need it which will help to defer the cost. As people buy up the spaces the last units to sell might only get one or even no parking spaces which opens up rental opportunities. Then when you go to sell you'll have a much more saleable unit.
Quote:
Originally Posted by
mmyk72
Is the condo forcing all buyers to purchase the parking and storage? If so, what if the buyer doesn't have car and need no storage?
The wording in the original post is a little confusing, but I think what they're saying is that the storage lockers and parking spaces are being sold together as a set not that people are being forced to buy a parking space.
10-23-2015, 12:39 PM
4,538 posts, read
6,447,299 times
Reputation: 3481
My coop in 1991 charge 10K for a parking spot and $40 bucks a month maint.
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House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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unethical to me is that the management wants a monthly fee of $10.00 for parking and another $10.00 for storage AFTER you purchase them. This was a deal breaker for me, I walked away. Has anyone ever heard of such a thing?
