Condominium fees are a waste of money. This is a common refrain I hear from people that are considering buying a condo. But are condo fees really a waste of money? Condo fees are thought a waste of money for people that do not properly maintain their home. For people that are used to owning a single-family home, with no mandated condo fees, they may:
- Never do any maintenance on the systems.
- Never consider that they’ll have to replace the roof.
- Infrequently repaint, re-carpet, or refinish floors.