Buying a property with maintenance fees
Hello,
I am currently looking to buy a property in Houston to live in as I am still renting now. Most of the property I could afford have what they call a maintenance fee that varies greatly, can be from 150$ to 600$ depending on the property.
I would like to know what these fees are based upon ? how does it evolve with time and what exactly does it include ?
Would you ever consider a property that had maintenance fees ?
I am saying that because we might end up renting the property down the road, and I feel like it would definitely prevent the property from being lucrative.
Thanks for the help guys.