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Old 01-30-2017, 08:21 PM
 
2,670 posts, read 4,520,914 times
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Quote:
Originally Posted by kww View Post
Townhomes will almost always have a monthly/quarterly fee, but it will go towards common area upkeep, snow removal, possibly trash. Yard work would fall on the homeowner, where the condo ownership would handle it.

A major portion of a condos fee is for building insurance and upkeep (roof/siding/foundation/windows in some cases/elevators if applicable)
Thanks. Then someone buying one of those town homes would need to budget for roof and window replacement, new gutters, etc. and that budget would need to be compared to condo fees, to compare apples to apples.
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Old 01-31-2017, 12:22 PM
 
Location: Clemson, SC by way of Tyler,TX
4,777 posts, read 2,930,307 times
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Quote:
Originally Posted by boyd888 View Post
The "hidden gem" Park Fairfax has a $450 a month condo fee (lol). Let's say the place is $300K. That's equivalent to a $380K place with no HOA/condo fees (not uncommon for older townhomes in Fairfax). The condo fee may contain some stuff like trash, water, etc so let's call it a $350K equivalent.

Is your budget $350K? No, you said it's $300K. Then why are you looking at places that are essentially $350K? You can't be this naive to think buying a 50 year old condo with a giant condo fee is the road to wealth.
Agree. Please do not buy just for the sake of buying. I have a similar budget to the OP, and so far, I have not found anything suitable for a family of four at 350k in the DC area, not just Nova.
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Old 04-16-2017, 08:48 PM
 
Location: NOVA
4,521 posts, read 5,215,281 times
Reputation: 1926
Quote:
Originally Posted by Thanos123 View Post
You can find condos 2/1 with low HOAs in Alx/Arl for that price if you search, but townhomes are very thin in that range, and I am not certain they exist.
" low HOAs. ..." Can you help us identify what that means? In Springfield, I left because the HOA passed over $300 per month. What is the low HOA that you speak highly?
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Old 04-17-2017, 08:16 AM
 
Location: Falls Church, Fairfax County
4,839 posts, read 2,878,941 times
Reputation: 5893
Quote:
Originally Posted by johnsonkk View Post
" low HOAs. ..." Can you help us identify what that means? In Springfield, I left because the HOA passed over $300 per month. What is the low HOA that you speak highly?
Depending on what you get for it $300 could be low.

My condo fee cost over $300 a month when I sold but it covered utilities which was nice.
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