Cincinnati condos for Sale, The value of home owner associations - hoa when buying or selling a condo in cincinnati

?Condominium HOA Comparison

The Value of Condominium HOAs
The quality and variety of condominiums has dramatically increased over the past 20 years. Condominium buyers are looking for the same quality and ambiance as a single family home, in a trouble-free package. Many also want to take advantage of the stunning, panoramic views that many of these developments have to offer. This is somthing that you simply cannot get from a single family home. Buildings such as The Palisades of Mt Adams, Domaine de la Rive, The Ascent, and The SouthShore feature awe-inspiring views - that much is apparent. What's not as obvious is the truly remarkable 'trouble-free' aspect of condominiums. Owning a home is great for some, especially families. But they consume a lot of time and resources - from yard work in the summer to leaves & snow in the winter - and everything in between. We've compiled a table of maintenance costs associated with owning a higher end, luxury home compared with what is typically covered by a Home Owners Association (HOA) fee for a luxury condo such as The Ascent or Domaine de la Rive.

The Value of Condominium HOAs

The quality and variety of condominiums has dramatically increased over the past 20 years. Condominium buyers are looking for the same quality and ambiance as a single family home, in a trouble-free package. Many also want to take advantage of the stunning, panoramic views that many of these developments have to offer. This is somthing that you simply cannot get from a single family home.

Buildings such as The Palisades of Mt Adams, Domaine de la Rive, The Ascent, and The SouthShore feature awe-inspiring views - that much is apparent. What's not as obvious is the truly remarkable 'trouble-free' aspect of condominiums.

Owning a home is great for some, especially families. But they consume a lot of time and resources - from yard work in the summer to leaves & snow in the winter - and everything in between. We've compiled a table of maintenance costs associated with owning a higher end, luxury home compared with what is typically covered by a Home Owners Association (HOA) fee for a luxury condo such as The Ascent or Domaine de la Rive.

Average Monthly House Expenses
Heating/Cooling	$465
Water	$50
Landscaping*	$170
Insurance	$135
Broadband	$65
Pool	$250
Fitness Center	$120
Security System	$40
Maintenance**	$170
Window Wash	$30
Snow & Leaf Removal	$35

Total	$1,530
Landscaping costs include professional design/installation amortised over 12 years, lawn/yard maintenance. Roof & Painting (amortised over 12 years) cleaning gutters, garage door, & general repair. These figures were calculated in 2008.*

In addition to having everything on the above list covered by the HOA, some condo associations provide 24 hour concierge, extra storage unit, a business meeting room, rental guest suites and more, often for less than the cost of owning a home.

Life seems to get busier as we move forward, with more distractions, tasks, & opportunities. For many, condominiums are one way to simplify life. If you're interested in simplifying your life by owning a condominium - give us a call - your Condo-Key.

This information courtesy of:

Robinson Sotheby's International Realty
2722 Observatory Avenue
Cincinnati Ohio 45208

513.321.6000

www.RobinsonSIR.com

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