Look Who it Was Random video

What Do Condo Fees Cover and Include? What Are Condo Fees? Arlington VA Real Estate Agent

2,881 views · Published 18 May 2015 · 3:41 · Indexed 4 October 2026

Channel: Matt Leighton · 2015 · News & Politics

Watch on YouTube

What Do Condo Fees Cover and Include? What Are Condo Fees? Arlington VA Real Estate Agent. Realtor Matt Leighton takes a look at condo fees, what they cover, and goes over some common questions buyers have regarding what condo fees actually are in. Video shot on location at Freedom Park in the Rosslyn neighborhood of Arlington Virginia. 

Do you have a question about what do condo fees include? Ask your question in the comments section below!

If you have a question about condo fees in Arlington Virginia or condos for sale in Arlington VA, you can always email Arlington VA Real Estate agent Matt Leighton at matt [at] orangelinecondo dot com.

*Subscribe for more helpful real estate tips
http://www.youtube.com/subscription_center?add_user=themattleighton

*Share this video
http://youtu.be/OxDkpfHzkVM

What Do Condo Fees Cover and Include? -- Transcript 
In today’s video, we are looking at what condo fees cover. But first, what are condo fees?

Condo fees are your percentage share of the costs to run the building as a whole. 

The Condo Board writes up the annual budget, and the fees are calculated according to the size of your unit and are recalibrated each year, according to the building’s annual operations budget. 

What do condo fees cover and include?

Most condo fees include, common area maintenance, water, trash, sewer, reserve funds if something needs repair. Snow removal, Fitness Center, Parking, and the Master Insurance for the entire building. 

What the fees actually cover is going to vary by building. So buildings that have pools and a 24-hour concierge, and this and that will usually have a higher fee.

*Home Inspection Checklist -- What is a Home Inspection?
https://www.youtube.com/watch?v=GQgGBcAxEv8&list=PLMzgg5nJTAsnCP9mJRPlrp13ZEM68BYLK&index=1


In older buildings, things like electricity, cable, and internet are a part of condo fees but as we’re starting to see more and more new condos, having the units individually metered is much more common. 

So be sure to do your research, ask you real estate agent, and figure out what all is included in your condo fee.  

Popular questions from buyers when looking at condos for sale:

Q: Can I pay my condo fees as part of my mortgage?
A: No. You cannot. Thanks for asking. Next question.

Q: Do condo fees include property taxes?
A: And the answer is no. So you will have your mortgage, your condo fees, and your property taxes. These are separate. In co-ops sometimes property taxes will be included in condo fees but that’s completely different so keep property taxes separate.

Q: What can I do to lower my fees?
A: Well, right as you move in, probably nothing. But what you can do is get involved. Be on the Board. It’s maybe not the most fun position to have but it will certainly help you understand and help manage the costs. With a condo, you’re buying into a corporation so you want to know what’s going on. And the best way to have some sort of control or to see where your dues are going toward is to get involved. 


In this video you learned what condo fees are and what they include. 
For more helpful tips on real estate and condos for sale in Arlington, check out the playlist below for first time condo buying tips on purchasing a condo for sale in Arlington VA: 

https://www.youtube.com/watch?v=GQgGBcAxEv8&list=PLMzgg5nJTAsnCP9mJRPlrp13ZEM68BYLK


Follow Matt:
https://twitter.com/themattleighton
https://instagram.com/TheMattLeighton/
https://www.linkedin.com/in/themattleighton
http://www.rhlarlington.com/

Music by Yorktown High School grad Hovey Benjamin
https://soundcloud.com/hoveybenjamin

Arlington VA Real Estate Agent
Matt Leighton
Orange Line Condo
Century 21 Redwood Realty
1711 Wilson Blvd (Courthouse VA and Rosslyn VA office)
Arlington VA 22209
All information deemed reliable but not guaranteed

More from this channel