Question:
A condo unit in our small development (10 units) is up for sale and it's gut-wrenching to watch the price drop further and further by the week. Can anyone make suggestions as to what a condo association can do to make the unit more marketable? Our biggest challenge is the condo fees which run around $450 a month.
Landscaping and snow-removal take up about half of our budget - management fees, maintenance and condo association insurance eat up much of the rest. Besides turning the place into a self-run association and doing the maintenance ourselves, there's not much to cut in the budget. Has anyone else faced this situation? All help appreciated!
Answers (4)
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