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By fees, you mean assessments.
Assessments pay bills for services enjoyed by the community, and may include:
- Master insurance policy premium
- Earthquake insurance premium
- Reserve funding
- Basic utilities
- Door staff
- Maintenance staff
- Special amenities, such as pool services, Golf club perks
To ask for an average in any geography is like asking the average intelligence level of a group of people on a bus: it's totally random and unpredictable.
As well, builders/ developers will advertise a low and attractive assessment level to sell new units, when indeed, the funding required to operate the development costs much more money.
When buying a condominium, request a copy of the last three years' budgets, so that you fully understand how the monthly assessments are spent. This homework is one step you can take to find a financially healthy condominium community.
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