Should You Compare Maintenance Fees Before Buying a Co-op?
Many buyers compare purchase prices but forget to compare monthly maintenance fees.
Maintenance charges may include:
- Property taxes
- Building insurance
- Exterior maintenance
- Landscaping
- Snow removal
- Water
- Building reserves
- Common area maintenance
A lower purchase price does not always mean lower monthly housing costs.
Before purchasing any co-op, compare both the purchase price and the long-term monthly expenses to better understand the total cost of ownership.
AIDOTAX provides information about Nassau County assessments, exemptions, official forms, and property tax resources.