11-05-2018, 12:30 PM
(11-05-2018, 12:19 PM)Spokes Wrote:(11-05-2018, 12:10 PM)danbrotherston Wrote: I suspect most people also vastly underestimate the money they put into a house.
After accounting for utilities and insurance I used to pay at my house, my 750 dollar condo fees come down to about 450, and accounting for ONLY the money I put into the house and ignoring the hours and hours and hours of my own labor I put in, 450/month is a reasonable estimate of my monthly cost. Now I did have to put on a new roof, but I managed to avoid replacing a 30+ year old furnace. It's not a small bill to swallow, but the fact is, it isn't any bigger than a house would be, just more visible.
Do you not have to pay those in the condo too?
Typically condo fees cover most of the utilities as well as the building insurance, and you only need to pay for contents insurance.