You’re thinking about buying a Boston Beacon Hill condo, and the first thing on your checklist is loan preapproval. Along with mortgage payments and property taxes, your lender tells you that you need a rough idea of how much your Beacon Hill condo fees will be. But you don’t know what you’ll be buying, so how are you supposed to know how much the dues will be?
This is when it’s helpful to consult with your Beacon HIll real estate agent, who can quickly estimate how much you can expect to pay in condo dues based on the location and type of Beacon Hill condo/building you want.
What are Beacon Hill condo fees?
Beacon Hill condo dues are monthly fees in a condo association that typically cover your unit’s contribution to common area utilities, trash, water, interior and exterior building maintenance and insurance. Beacon Hill condo dues vary in cost depending on the size of the building and how many amenities are provided.
If you have your heart set on a smaller, self-managed building, the condo dues will most likely be in the $400 range. However, if you’re aiming to move into a larger high rise condo building with a door person, gym, and property management, dues will be in the $1,000+.
Once you’ve figured out how much you can pay in condo dues, you can then achieve a very targeted condo search. Most condo listings include the monthly condo dues, so if $800 is too much, you can save time by skipping those properties and seeing the ones with more affordable dues.
Please don’t hesitate to contact me at Ford Realty at 617-595-3712 if you have any questions about what level of cond dues you can afford
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