I’ve posted before about condo fees and the benefits of living in a condo community. I hear from some people that they “heard” that every year the communities raise the monthly fees and theres nothing that can be done about it. Well I can say first hand this is certainly not the case. I serve as Secretary on the Bridle Club condo board in Bridgewater. I’ve been in my position for roughly 2 years and I get to see what goes into making these decisions. We just passed our 2010 budget last Weds and we didn’t raise the rates one penny. You know why? We spend a lot of time looking through the budget to make sure every dollar is where it should be. This attention to detail from both the condo management firm and the condo board hopefully allow rates to stay the same. They were raised by 5 dollars a month the first year I was on board but it had not moved before that for years. We still pride ourselves with having some of the best amenities with some of the lowest rates.

Whats the point anyway? As your Realtor to check into these things. If a condo community is constantly every year raising rates, thats a RED  flag. Do your homework and if you do it will pay off big time.  I can help you with this homework because of my background on such boards. Give me a call and lets get you moving.