If you’re looking for buy a Boston Beacon Hill condo, it’s important not only to think of the purchase price of your Boston condo, loft or penthouse, but the homeowner’s association fee that comes with it. These fees can be significant, ranging anywhere from a $100 to $1,000 a month, so you might be wondering exactly what you get for the cost.

The Necessities: Common Grounds Maintenance and Repair

Many Beacon Hill condos have common areas which can include everything exercise facilities to outdoor patios and roof deck areas. The homeowner’s association and condo association fees will govern the regular upkeep and cleanliness of these areas, as well as any necessary repairs and new installations.

The Legalities: Condo Regulations and Other Requirements

Who ensures that neighborly disputes are taken care of and that each Beacon Hill condo is kept up to code? The homeowner’s association usually does — but that comes at a cost. Often, there may be legal fees and administrative fees associated with making sure that all owners are operating as they should. Without the condo board, no one would be around to enforce public parking, breed restrictions on pets, and other important issues that may affect an urban residents quality of living.

The Perks: WiFi and Other Amenities

The Beacon Hill luxury condos and Midtown condos may include perks such as high-speed Internet access, cable and other amenities into their association costs. When this is done, the perks will often be less expensive than having to purchase the service on your own. Many units are also converting to energy efficient devices in an effort to go green and to save owners money long-term.

The Decision: What Works Best for You?

How much should a homeowner’s association fee impact your decision to buy? Keep in mind that your homeowner’s association fee needs to be rolled into your total housing costs — the more you’re paying in HOA fees, the less you can purchase in “house”. However, you also need to make sure that you compare apples to apples; some homeowner’s association fees could include amenities like Internet that you’d otherwise need to pay for on your own.

If you’re interested in purchasing a Beacon Hill condo for sale, reach out to us. We work, live and play in Downtown Boston and can answer any questions you may have. Call us today  for more information about current listings and condos for sale in Downtown/Midtown Boston.

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