Page Header Image
Affordable Living

We hear from people all the time that say "How can I afford to live downtown? Especially in a luxury condominium!" - and we always have to give the same answer... How can you afford to NOT live downtown!?

On this page, you'll find a chart detailing the average costs associated with owning a single family home and how you could save over $2,300 a year by owning a River House condominium.  And if you live downtown and work downtown, the savings are even greater.  Say you currently commute just 40 miles a day round trip, you could save nearly $2,040 a year in gas.  Combine that with the $2,300 above and you're saving $4,340 a year! That's $360 a month.

 

 

Single Family Home

River House Condo

Water/Sewer (3mos $125 + 9 mos $40) $735.00 $0.00
Heating &Cooling (avg $150mo.gas & electric) $1,800.00 $1,300.00
Insurance (sf in burbs $663/yr or Condo $234/yr) $663.00 $234.00
Trash Removal (avg $25 per month) $300.00 $0.00
Security System ($50 per month) $600.00 $0.00
Pest Control ($25 per month) $300.00 $0.00
Snow Plow  ($25 x 20) $300.00 $0.00

Lawn Maintenance

   
Mowing ($25 x 28) $700.00 $0.00
Fertilize/Weed ($65 x 6) $390.00 $0.00
Pruning ($50 x 2) $100.00 $0.00
Bed Weeding ($35 x 5) $175.00 $0.00
Bed Bark ($300 x 1) $300.00 $0.00
Spring/Fall Cleanup  $150.00 $0.00
Irrigation system start-up and shut-down ($50x2) $100.00 $0.00

Home Maintenance

   
Replace Roof  ($8,000 1 time in 15yrs) $533.33 $0.00
Repaint/Reside ($11,000 1 time in 30 yrs) $366.67 $0.00
Window Washing ($250 x 1) $250.00 $0.00
Weather Treat Deck ($400 x 1) $400.00 $0.00
Cleaning Gutters (do it yourself - no charge - ick) $0.00 $0.00
Driveway Replace (12,000 - 1 time in 30 years) $400.00 $0.00
Gym Membership

$1,000.00

$0.00
Hot Tub Maintenance ($400yr chem + $300yr heat) $700.00 $0.00
Pool Maintenance ($500yr chem + $1000yr heat) $125.00 $0.00
Condo Association Fees (.3629 per sq ft) $0.00 $6,532.40
Annual Cost $10,588.00 $8,232.40
Average Monthly Cost $882.33 $686.03
Average Cost Per Square Foot $0.44 $0.28

Yearly Savings

 

$2,355.60

River House Sales & Marketing LLC.                                                Sales: Chuck Gallagher, Realtor,  Greenridge Realty, Inc
335 Bridge Street Ste 100, Grand Rapids, Michigan 49504     Gomaps                                    (616) 974-6820 or (616) 299-5837