Condo Fees vs. House Expenses – Putting Fees Into Perspective

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People interested in buying a home sometimes discard the idea of in because of the perceived ‘extra costs’ which condo fees add to the price.  Condo fees may range from around $150 to well over $1000 (rare) dollars per month.

Buying a Condo in Winnipeg

But we need to realize that quite often the condominium fees include certain benefits which would be an additional cost in a stand-alone house.  For example, condo fees usually include water.  Also, insurance and heating costs in a condo are normally quite a bit lower than an equally priced house.  This makes buying a condo in Winnipeg are more attractive option than first thought. So lets take a look:

Condo Fees vs. Housing Expenses

Condo Fees vs. House Expenses - Putting Fees Into Perspective

Audio Version of this post

Also check out “Closing Costs When Buying A House Or Condo”

What is Winnipeg’s market, as far as Condo Sales and Listings are concerned?  Check out monthly condo market update.

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8 Comments on "Condo Fees vs. House Expenses – Putting Fees Into Perspective"

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[…] benefits you could enjoy as a condo owner, but I hope there were enough to make you understand that buying a condo in Winnipeg means having a great financial asset you can take advantage of in the long […]

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[…] In a house, the owner needs to protect the entire building (and any outbuildings) from a variety of perils.  Again depending on the value of those buildings, the insurance will vary, but as a general point of reference, owners should budget between $75 and $100 per month.  In a high0rise condo, this will be significantly lower […]

Ronald Cabales
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Margaret Tayco-Cabales

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[…] In a house, the owner needs to protect the entire building (and any outbuildings) from a variety of perils.  Again depending on the value of those buildings, the insurance will vary, but as a general point of reference, owners should budget between $75 and $100 per month.  In a high0rise condo, this will be significantly lower […]

Lily
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You didn’t mention the property tax.

Anonymous
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How about the property tax?