Low maintenance ?

**gerard** · 08-08-2009, 11:54 AM

Is a low maintenance necessarily a good thing? A co-op that has bad financial can result in high maintenance. What could a very low maintenance fee imply?

**welovetampa** · 08-11-2009, 04:16 PM

I can think of a few things this could imply. Many of the listings I advertise as "low maintenance" meaning they are in a subdivision where the monthly fees are higher but the exterior of the home and the lawn is maintained by the association so you don't have to worry about it.

If it's a low maintenance fee that you're referring to, this could be because the community doesn't offer as many amenities as other communities that have higher fees.

Loree@welovetampa.com

**Greg** · 08-12-2009, 07:09 AM

Some associations would rather not have a large amount of money in reserve for maintenance. This could be to reduce the risk of embezzlement or simply because the owners voted it that way to keep the monthly fees down. If an owner sells before an assessment is made they are the winners, whereas if they paid a lot of money into the reserve before they sell they end up walking away from that money.

In this type of situation they rely on assessments when repairs are needed.

It just means that as an owner you should keep money in reserve for when a major repair comes up so you won't be burdened with the assessment. You are going to pay either way.