Living in a low rise or loft styled condominium can have its ups and downs. Here in Center City Philadelphia, we consider a low rise condominium to be an association that generally has anywhere from two to eight units, within a three to four story building. Defined as such due to the physical nature of how such [...]
Twenty years ago, a Capital Contribution was a very rare line item paid by a buyer to reimburse the seller. Today, a Capitol Contribution is standard for almost any purchase, and the payment now goes to the condo association and not the seller. So WTF is a Capitol Contribution?Quite simply, it is a one-time fee collected from every buyer. [...]
I get this question all the time. Why do condo fees vary from building to building? Generally speaking,the answer is simple, yet sometimes detailed. Let's start with what almost all condo fees (here in Center City Philadelphia) cover: master insurance policy, common building lighting, building maintenance, water & sewer, and a what I call a [...]
