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Regular Visitor
Songbird
Posts: 7
Registered: ‎06-27-2012
0

What is it with the HOA fees in the seattle/Eastside area?

Hello Guys,

 

We recently moved from the East Coast and are considering buying a property (open to SFH  and Condo) but the HOA fees with some of the Condo's is driving me nuts. Its just mind boggling to have $680-$700 in HOA dues even if they cover Insurance, Cable, trash removal and water/sewer. The TCO of a condo goes through the roof. 

 

Redfin,


Can I filter homes based on the HOA fees as well? I get a lot of results that have very high condo fees. 

 

Thanks

Sam

Regular Visitor
Plymster
Posts: 5
Registered: ‎01-08-2009
0

Re: What is it with the HOA fees in the seattle/Eastside area?

If you run a search in Redfin, and click the "More Options" drop-down, you'll see a "Max HOA" field in the center of the drop-down panel. 

 

I agree, the HOA fees around here are nuts.

Redfin Coordinator
briancarraway
Posts: 105
Registered: ‎05-19-2010
0

Re: What is it with the HOA fees in the seattle/Eastside area?

Hi Sam,

 

You are right, HOA dues in Seattle area are atrocious, but are standard unfortunately out here. 

 

I would try using the feature under "more options" to the right of the search bar when beginning your search on Redfin.  There is a feature to select a "HOA Max" for HOA dues, and this will filter based on that amount. 

 

I hope that helps narrow your search a bit.

 

 

Brian

Regular Contributor
hibiscus
Posts: 120
Registered: ‎09-20-2012
0

Re: What is it with the HOA fees in the seattle/Eastside area?

Songbird, out of curiosity do the places with such high fees have swimming pools and gyms? (Even if they do, a membership to a luxe gym seems cheaper...)

 

Regular Visitor
Songbird
Posts: 7
Registered: ‎06-27-2012
0

Re: What is it with the HOA fees in the seattle/Eastside area?

I dont think so. But why would some one else make a decision for me on whether I want to pay for the gym membership? Who ever makes such decisions need to understand that condos with such atrocious HOA fees are difficult to resell.

Super Contributor
ardell
Posts: 343
Registered: ‎08-27-2011
0

Re: What is it with the HOA fees in the seattle/Eastside area?

Condo fees are not usually that high. If it is a newer concierge type building, then it is a "luxury" premium rate and somewhat designed to keep all residents at a higher "class" level. It is a standard techncique used when prices are not high but the occupants want the class of people to be higher than the price would dictate. i.e. people who wouldn't complain about all the extra services for up to $800 a month. It's done all the time in CA and blatantly an attempt to discriminate and not have affordability based on condo price alone.

ARDELL DellaLoggia
Sound Realty
Redfin Partner Agent
SarahH
Posts: 9
Registered: ‎03-07-2012
0

Re: What is it with the HOA fees in the seattle/Eastside area?

I absolutely agree that some buildings' dues are just way too high and make the cost of living there ridiculous.  I've worked a lot with new construction condominium buildings over the years (and done a lot of resale in them too) and I can tell you from staring at 100 different budgets that generally the most expensive part of any HOA budget is earthquake insurance.  You'll find some buildings have it, some don't, and the ones that do definitely have much higher dues.  Swimming pools and exercise rooms raise the dues, yes, but not by all that much.

 

Also, If you're looking particularly at older buildings & notice that the dues seem much higher than neighboring properties, I would recommend asking your broker to contact the management company  to learn about any special assessments and flat out ask the question.  You can get an answer that way in five minutes and be able to consider a home or move on from it right away. 

Redfin Agent
joehunt
Posts: 4
Registered: ‎02-16-2012
0

Re: What is it with the HOA fees in the Seattle/Eastside area?

HOA dues do have value.  They typically cover water, sewer and garbage (sometimes insurance); as well as a reserve to maintain the grounds and cover future expense of windows, siding, roof, and common area maintenance and repair.  In Washington state, condo owners individually own the inside of their unit, and collective own the outside with the other HOA members.  .  

 

You must decide whether any amenities in the building makes sense for your lifestyle and budget.  Concierge, gym, community rooms, etc are a waste for some people, but have a value for those who may use it.

Silver Contributor
ReallyEstate
Posts: 377
Registered: ‎03-05-2011
0

Re: What is it with the HOA fees in the Seattle/Eastside area?

They're not atrocious in most places.  They're also not much different than what you find in other cities.  If you don't want them, then get a house.  How much are you spending on a condo and how much are you looking at in how dues?  I've seen some people spending stupid amounts of money on condos around here.