Co Op Owners

Moehick Posted: Nov 08, 2004 09:30 PM

Co Op Owners

Anyone's maintenance increase in the past few years? Particularly this year?

ChristineC68 Posted: Nov 09, 2004 06:10 AM

Re: Co Op Owners

Yes, because of increased real estate tax, fuel costs (for heat) and insurance.

ppwbride Posted: Nov 09, 2004 08:39 AM

Re: Co Op Owners

Ours is going up a little this year. They cited higher fuel costs & insurance as the reason.

november12003 Posted: Nov 09, 2004 08:40 AM

Re: Co Op Owners

We've owned our co-op for almost 2 years, and it's gone up twice already....3% each time. It's insane!!!

DjPiLL Posted: Nov 09, 2004 01:55 PM

Re: Co Op Owners

My co-op's maintenance hasn't gone up in the past two years I believe. They decided to pass a one-time assessment instead to cover the increased fuel costs. This is one of the reasons why my co-op shows time and time again they know what they are doing.

The advantage of this over increasing maintenance = better sales figures because increased maintenance would drive sales down.

A one-time assessment will not get noticed in the sales numbers.

palebride Posted: Nov 09, 2004 04:50 PM

Re: Co Op Owners

we have only been here 8 months......but so far, no increase

actually, the STAR exemption increased, so we're paying less than we originally were

hotelcalie Posted: Nov 09, 2004 09:36 PM

Re: Co Op Owners

Ours went up about $30 because of fuel costs. But we did receive a free months maintenance because of a tax break and we also sent in a star application through our office which we will receive $300.