Sentences with phrase «fees on a condo»

His projected monthly expenses will increase as he will no longer have the option to rent parts of his home or he will be paying monthly condo / strata fees on a condo.

Not exact matches

Saddled with two mortgages, rising condo fees and a flat income, she continued relying on credit cards.

Owners» fees are expected to cover operating costs and future maintenance on the hotel rooms and condos.

Typically, an HOA fee pays for the upkeep of common areas on the condo's campus or grounds.

Association and HOA fees can range from a few hundred to a few thousand dollars each year, depending on the scope of services provided to residents.If your condo has plans for big projects — such as a new roof job or repaving a parking lot — you could be asked to contribute to its expense.

Also, the sluggish condo sales in the Toronto tower helped drive the project into receivership, and it's now for sale (though that shouldn't affect Trump's making money off licensing fees for having his name on the building).

On the Big Island we spent $ 1445 on the condo for the week (including taxes and the cleaning feeOn the Big Island we spent $ 1445 on the condo for the week (including taxes and the cleaning feeon the condo for the week (including taxes and the cleaning fee).

This means up to $ 1,860 can be spent on the mortgage, insurance, property taxes and HOA or condo fees.

Assume you buy a condo in 2008; decide to rent it out in 2011; make a subsection 45 (2) election in tax year 2011 to avoid the deemed disposition; declare any rental income; don't claim CCA; and possibly deduct mortgage interest / maintenance fees on your claim.

If you buy a new condo from floor plans, you could be on the hook for two months» worth of maintenance fees, plus occupancy fees until the building is registered, depending on your province.

You may be able to get an idea of the condo fees by looking up properties on a real estate website.

But the one per cent tax will add about $ 400 per month to the $ 2,300 he is already spending on the mortgage and condo fees.

Condominium fees have always kept me on the on the sidelines of the condo market.

Also depending on if it's a coop ($ 800 +), condo ($ 500 +) or a townhouse - type you will need to pay different levels of monthly maintenance for the groundskeeping as a cooperative fee.

I've had a few letters from people outraged on what their condo fees are paying for because they don't use those services.

Depending on your circumstances, your monthly mortgage payments — including taxes, insurance, HOA / condo fee — could be less than paying rent.

If your neighbour insists on running his / her air conditioner 24/7 during the hot summer months — it will cost you money through increased condo fees.

Besides saving for your down payment, budgeting before you buy gets you into the habit, preparing you for homeownership costs like your mortgage, utilities, internet, property taxes, home insurance, condo / townhouse fees, emergency repairs, home improvements and so on.

I've got my condo fees I have to pay on top of that.

You may find odd restrictions on your condo usage or fees.

This represents your housing costs, that is to say, the amount of money that you spend on shelter; so things like mortgage payments, heat, taxes, and condo fees.

However, if you are self - employed and operate a business out of your home you can also gain some tax advantage on portions of the mortgage interest, property taxes, condo fees and utilities as these are considered tax deductible expenses.

Now, I have two questions regarding the tax on capital gain that we should pay, as well as land transfer fee that my dad has to pay: (a) If we give the condo to my dad as a gift or sell it to him for let's say $ 1, do we need to pay tax on the capital gain based on the current market value of the house?

No word yet on how much our condo fees will fall as a result, but the notice slipped under my door said that «Energy - conscious owners will have the opportunity to save money.»

However, when thinking about your mortgage payment on a condo, don't neglect to take into account the association fees.

That's because Fannie Mae charges lenders an up - front fee of 0.75 percent of the loan amount on all condo mortgages with less than 25 percent down.

SoFi points out, however, that those payments don't include property taxes, insurance or condo fees, so you'll have to add those numbers on to get a more accurate picture of your total expense.

If you're purchasing a condo, townhouse or home that belongs to a homeowners association, you should expect to pay fees to the group on a regular basis.

If you have low - to - middling credit scores, a high loan - to - value ratio, and / or other monkey wrenches like a manufactured home or condo, HARP may be better than traditional financing — there is a 2 % cap on fees, while normal refinances can have much higher surcharges depending on the strength of your application.

No Association Fees: Depending on where you buy a vacation property, you may be required to pay an extraordinary amount of money in monthly or annual condo fees and other related expenFees: Depending on where you buy a vacation property, you may be required to pay an extraordinary amount of money in monthly or annual condo fees and other related expenfees and other related expenses.

At that point, you are no longer paying a mortgage or paying rent to a landlord, although of course you will still have to pay municipal property taxes and if you're a condo owner you may be on the hook for ongoing maintenance fees.

Also are there any other debts on the home or condo such as past due water and sewer bills, condo fees, outstanding taxes, IRS or other liens.

I guess it pays for landscaping, snowplowing and maintenance / upkeep of other common elements... But the point is that I'm mortgage free but still shelling out cash on condo fees + property taxes that add up to about $ 600 a month.

The condo I like is listed at $ 240k (mortgage payment estimators range from $ 1200 - 1800 / month depending on how much I put down) with HOA fees of $ 498 / month (ouch) but it is close to nightlife and has all the amenities I'd love to have in a home.

Most investor - landlords are lucky to break even on their condos, usually in negative cash flow because market rents simply can't cover financing, condo fees and taxes — let alone give a return on invested equity.

I'd rather see press junkets where the local limo business makes $ from carting the writers around & condo owners getting rental fees for housing them than seeing the $ spent on tv ads that no one pays attention to.

Our beachfront / oceanfront 1 bedroom, 2 bath FEE SIMPLE condo on the 3rd Floor of Kihei Beach Condominiums is located just feet away from one of Maui's most beautiful white sand beaches, Sugar Beach, with incredible views of the West Maui Mountains, Maalaea Bay, the islands of Kahoolawe and Molokini, gorgeous sunsets and whale watching (when in season).

In addition, book in advance and receive a 20 % discount on our vacation rentals (villas and condos) at Tierra del Sol Resort & Golf & 20 % off the golf fees for your guests (limit of 3 guests per certificate).

It's not legal because of height and the fact that, even on wood buildings, the cladding has to be noncombustible; nobody in the world has done modular CLT on this scale; the cantilevers look impossible; and the monthly condo maintenance fees will be stratospheric with a wooden cladding.

Knowing this, our group has developed a comprehensive document review and update package to offer to condo corporations on a flat fee basis.

Denise Lash is interviewed by Rob Carrick from the Globe and Mail in this video on how to avoid nasty surprises related to condo fees.

Most condo fees include a homeowner's insurance policy on the exterior of the condo, any shared or common areas and the building structure itself.

Luckily, running the numbers on a condo will be much easier as your maintenance costs are much more fixed (condo fees).

H.R. 3700 will: 1) reduce owner - occupancy ratio to 35 % unless HUD acts within 90 days of enactment of this law to otherwise lower the ratio; 2) allow lenders to approve condos with commercial space over 25 %; 3) require HUD Secretary to «substantially reduce» burdens on condo recertification; and 4) require FHA to mirror the FHFA rules related to private transfer fees.

Hi, Paul I owe 4 condos in the Orlando area and was looking for some info on any extra insurance I need to or should have other than the one included in the association fees.

«Home buyers and sellers can expect to pay eight per cent more on legal fees, appraisals, real estate commissions, condo fees, home inspection fees, moving costs and the provincial government's recently introduced system of mandatory home energy audits,» says OREA.

If I can get proceeds upto $ 500k (as I am married) tax free, and if my condo sells for $ 650k (after commissions / fees)- would I be liable for taxes on the remaining $ 150k or for the entire sale price if I choose not to go through a 1031 exchange?

In short, these lenders will want to see a financially sound condo development with a high percentage of owner occupancy and low percentage of delinquency on fees.

This survey covers QM / ATR rule trends, including the 3 % cap on points and fees, impacts of TRID, FHA indemnification, and FHA condo financing rules.

All real estate agents that attend will be eligible to earn the standard rate of 3 % commission on the sale of any of these pre-construction condo units (after a 1 % referral fee.