Got a pool? Pay up. Condo maintenance fees are calculated on a property’s running costs

Q. Does the purchase price of a condo determine the amount of monthly maintenance fees? I am thinking of buying a condo that is listed for $350,000. Would the monthly maintenance fees be based on the cost of the condo? In other words, if I were to purchase a more expensive condo would that mean my monthly maintenance fees would be more? I want to make the right choice and was wondering how these monthly fees are calculated.   Read the article…………