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 $2300 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 $2300 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 (.2791 per sq ft) |
$0.00 |
$6,698.40 |
| 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 |