How much does a real estate appraiser make in toronto

These are either a brief refresher for you, or something that will now help you to understand fees better:. The exterior of the unit, ie.

So if John has a square foot condo with no balcony, and Mike has a square foot condo with a square foot terrace in the same building, they both pay the same maintenance fees. When it comes to maintenance fees, there are three major items that may, or may not, be covered in the fees: In middle-age buildings and in Toronto, that means a yearswater and heat are included, but hydro is separate.

In new buildings, only water is usually included, and both heat and hydro are separate. People will pay a lot more for a condo if it has lower fees, and the amount they will pay is not always proportionate.

Will it be even tougher? Will my resale value be hurt? It was so strange.

Accredited Appraiser Canadian Institute (AACI) Certification Salary, Average Salaries | PayScale Canada

I have a gorgeous pool in my condo! So the point is this: And I have some swamp land in Florida I want to sell you. Anything in this range is quite acceptable, and extremely common. I have a three couples with kids right now looking for condos with amenities, since their kids will use them, and it saves them time, money, and the aggravation of getting kids ready, into the car, and over to the community pool in the summer.

Your email address will not be published. Influential Realtors, like yourself, have a very important role to play to assist current and future condo owners to truly understand the cost of condo ownership. Condominium Owners monthly financial obligation should never be referred to as maintenance fees but Condominium Fees which include two totally separate condominium financial requirements.

If Realtors insists on breaking down condo fees based upon square footage not maintenance fees then the breakdown MUST include the day to day operating costs per sq ft and reserve fund contributions per sq ft and both of these totals will be the owners condo fees retrocesos fibonacci forex. In financial put option definition article, you gave a list earn money quiz india six items that effect condo fees which did not include reserve fund contributions — WHY?

It is extremely important that all Realtors understand this point so their knowledge can be passed onto their clients. The public and condo ownership requires assistance in the understanding condo ownership and the most logical profession to do so are the Realtors — there should be a push for a condo sales licence for agents wishing to make how much does a real estate appraiser make in toronto living selling condos. Hi David, I ran into 2 interesting buildings 1 and 3 Concord Pl.

No one could explain why. Then I figured out they were co-ops. Though the difference between a co-op and a condo is clear but why the fee would be so low is still a mystery to me.

How Much Should My Condo Fees Be? - Toronto Real Estate Property Sales & Investments | Toronto Realty Blog by David Fleming

Co ops are not required to meet the legal requirements under the Condominium Act how much does a real estate appraiser make in toronto they operate in a similar business opportunities without investment in bangalore, but are a different animal altogether.

There are very few in Ontario comparitively speaking and there are tons of reasons why their fees can legitimately be that low. By the way, a lot of mortgage lenders will not touch them, there are only a few that finance co op purchases.

Of course, they could also be that low nursing home social worker jobs nj they are not maintaining a reserve fund for example. It is good practice, but not a requirement under current law I believe Take a careful look at the financials or hire someone who knows the ins and outs of this and that is where you will find your answer.

Could be great, and could be a disaster waiting to happen, or anything in between. A graph showing how condo fees in particular buildings have changed since construction would be very illuminating. Reflects the true cost of ownership over time. The common denominator seems to be management: Daniels Home Management Corp. Here is an interesting situation. What about townhouses and condos being a part of the same condo corporation and paying a slight cheaper condo fee vs the condos.

Are there ways for the owners to unite and have a divorce? Condo fees are so deceptive. How Much Should My Condo Fees Be? These are either a brief refresher for you, or something that will now help you to understand fees better: In older buildings, all three are usually part of the maintenance fees. This is very common in condo townhouses where each unit has their own system.

But some sneaky developers in standard condo-apartments have put rental units in. This should go without saying. But you should have this in your head already.

Consider two very similar condominiums, both 1-bed, 1-bath, similar age, location, etc. That makes sense to you, does it not?

And the higher the fees, the tougher the condo is to resell. She told me about the garden on her rooftop and how beautiful it was. Those numbers are meaningless. But there has to be some give and take here. April 18, at April 14, at 8: April 13, at 2: April 13, at 1: April 13, at April 13, at 9: April 13, at 8: The Friday Rant Toronto Politics Uncategorized Videos What's Hot This Week. Posted 27 days ago April, Posted 9 days ago How Is The Luxury Market In ? Posted 23 days ago What Is False Advertising, Anyways?

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Dec Nov Oct Sep Aug Jul. The preceding commentary is the opinion of David Fleming and does not represent the interests or opinions of Bosley Real Estate Ltd. David Fleming — Broker.