Philadelphia Real Estate Blog

Center City Philadelphia
Condos and Lofts


Subscribe To Receive
 Blog Updates By Email


September 2007

September 8, 2007

Are Condo and Homeowners Fees Too High?

Filed under: Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 7:33 pm

I found a great article at, concerning condo fees. Someone was inquiring whether or not his condo fees were too high, with respect to other associations in the area.

Jerry had made a number of good comment, about condo fees, by saying " I always consider them relative, that they are in direct proportion to the amenities and services given in exchange."

I couldn’t agree more. Many potential condo buyers believe that condo fees magically evaporate into thin air. Generally speaking, they do not. You get what you pay for, and in a lot of cases, the fees for different associations (at least here in Philadelphia) vary due to the varying master insurance policy rates that a particular assocation carries.

In addition, a high rise condo fees, in say Rittenhouse Square, are going to be a lot higer than a low rise, regardless of the neighborhood, because high rise condos and loft buildings offer services such as doormen, elevators, possibly pools, and grounds. And none of those amenities are free!

I welcome your questions, comments, or concerns about my posts.

Mark Wade

Prudential Fox and Roach Realtors

Philadelphia, Pa. 19106

• • •


530 Walnut Street, Suite 480
Philadelphia, PA 19106
Direct: 215.521.1523 ~ Office: 215.627.6005
Fax: 215.627.3142
Copyright Mark Wade | All rights reserved.
Site Admin | Log Out