The fees are "low" for new buildings because they are new and there isn't much to fix. As the buildings age, the HOA fees will most definitely increase.
YES, we see that a lot with VERY old buildings but there are also a fair amount of buildings that set up reserve studies property and are funding their building appropriately. It's a mixed bag for sure!
You always provide such good in-depth information that is hard to find elsewhere. The whole video was really informative, but I was especially interested in learning about the different fees.
1) Don’t buy anything in San Francisco 2) Don’t buy anything in California 3) Have respect for your money 4) 1-3 are useless, because you’re already CONSIDERING buying ANYTHING in SF 5) If you DO decide to buy a property in San Francisco … don’t have children. Give our future some hope.
Hoa fees in high rises are typically calculated based on square footage, but vary from building to building. I’m not sure if that answers your question or not? Let me know if you have additional questions.
$1,300/mo. for HOA fees is low? Ha! I mean HA HA HA HA HA! Wait. It costs $5,000/mo. for the concierge to remember your name? You love that? Realtorspeak.
It's all relative. Obviously $1300 would be crazy if your mortgage is $1300 or $2000 a month. If you are spending $1300 a month on a 2m condo or $5000 a month for a 6-7m condo then yes, it's expensive but hopefully in line with the maintenance, amenities, insurance, security and other things that it's covering. If not, then there are always other options, like a SFH or a smaller condo.
Contact The Krishnan Team
🗓 Schedule: ruthkrishnan.com/survey
📱Call: 415-735-5867
📨Email: hello@ruthkrishnan.com
Love these "don't" videos! Helpful to hear multiple perspectives
Thank you for watching and commenting!
Great info!! As always!
The fees are "low" for new buildings because they are new and there isn't much to fix. As the buildings age, the HOA fees will most definitely increase.
YES, we see that a lot with VERY old buildings but there are also a fair amount of buildings that set up reserve studies property and are funding their building appropriately. It's a mixed bag for sure!
So many great nuggets of information to know before jumping into the condo market! Thank you for sharing.
Glad it was helpful! Thank you for watching!
So helpful!
A very helpful guide for people looking to buy a condo in SF! Thanks for sharing!!
Glad you liked it! Thanks for watching!
You always provide such good in-depth information that is hard to find elsewhere. The whole video was really informative, but I was especially interested in learning about the different fees.
Glad it was helpful! Thank you for watching!
Great Content!
Love the unit in the Lumina. Those viewsss!
$1300 for hoa? Rather not agree to that and just buy another nice area of the city.
1) Don’t buy anything in San Francisco
2) Don’t buy anything in California
3) Have respect for your money
4) 1-3 are useless, because you’re already CONSIDERING buying ANYTHING in SF
5) If you DO decide to buy a property in San Francisco … don’t have children. Give our future some hope.
hoa fees per square foot?
Hoa fees in high rises are typically calculated based on square footage, but vary from building to building. I’m not sure if that answers your question or not? Let me know if you have additional questions.
$1,300/mo. for HOA fees is low? Ha! I mean HA HA HA HA HA! Wait. It costs $5,000/mo. for the concierge to remember your name? You love that? Realtorspeak.
It's all relative. Obviously $1300 would be crazy if your mortgage is $1300 or $2000 a month. If you are spending $1300 a month on a 2m condo or $5000 a month for a 6-7m condo then yes, it's expensive but hopefully in line with the maintenance, amenities, insurance, security and other things that it's covering. If not, then there are always other options, like a SFH or a smaller condo.
1st thing to avoid is the city of SF itself,
The city is not for everyone. Where do you live?