5 ms·
If the building has shared mechanicals (hvac, etc) it could also include heating and cooling.
by thedougd 4y ago
If the building has shared mechanicals (hvac, etc) it could also include heating and cooling.
- vkou 4y agoHow is it that highrise/midrise buildings in other metro areas where suites aren't going for 3 million manage with HOA fees that are half as much? Just because the land is more expensive doesn't mean your elevator maintenance contract should be.
- merely-unlikely 4y agoI'm not sure of that for a variety of reasons. Labor is more expensive in higher cost areas. Elevators in a skyscraper are built to a much more stringent code than elevators in a three story building. Building codes in general may be higher. Quality of materials and fit and finish may be higher with higher maintenance costs. There may be more regulatory hurdles to making any new construction or renovations. HOAs may include real estate/other taxes and mortgage interest payments in some cases. Tons of little things can add up.