Adding heat and water to monthly assessments

Q. I am looking at purchasing a condominium where among the “usual” homeowner association fees (building maintenance, snow removal, garbage pickup) the monthly assessments include heat and water for the unit. What are the pros and cons of having one’s heat and water included in the monthly fee? It sounds really good, but I am wondering if there is a downside to that.    Read the Q&A…………….


Related Articles

‘Airbnb’ Horror Story: Tenant Sublets Condo, Without Owner’s Permission (IL)

It can be a little nerve-wracking — renting out your home to a stranger to make some extra money.  What

$864,321 spent on renovation was over budget, condo board told (IL)

The condominium association at Marina City has suspected for some time that recent renovation projects were significantly over budget and

The Art of High-Rise and Condo Inspections

When you’re inspecting condominiums, attached townhomes and high-rise properties, you expect to check a few outlets, mash the (GFCI) buttons,