Condo's in Hull MA, how do they compare?
Many potential home buyers ask themselves “should I buy a condo or a house?” If you have ever wondered this you are not alone.
One of the perc’s of buying a condo is that many of the maintenance items are covered under your monthly condo fee. A condo can also offer you access to amenities such as a pool or a fitness center. For this reason a condo is a very attractive idea for many potential home buyers. If you are looking to buy a condo in Hull, MA you have many options to choose from. Every condo complex in Hull is unique and offer a variety of amenities. As a potential home buyer you should also consider not only how much the monthly association condo fee is but also what is covered in the condo fee.
The Hull MA real estate market can offer a variety of condos in a variety of styles to attract to many home buyers. If you are looking to buy a condo in a smaller building you should consider a low-rise or mid-rise condo building. The Hull MA real estate market can offer you popular options such as - The Island View Condominiums on Nantasket Ave and The Marlboro House at 132 Bay St Hull or a converted brick building like the condo located at 834 Nantasket Ave Hull.
If you are looking for a larger complex, a high rise condo building may be what you are looking for. Hull offers high rise condo options such as Nantascot Place at 155 George Washington St Hull, The Horizons on the Beach at 9 Park Ave Hull and The Seawatch condos at 20 Rockland House Rd Hull.
A more elite and resort style of living can be found at the condos on Spinnaker Island. Spinnaker Island offers a high rise condo building, The Harbor House at 1 Commodore Ct and a number of waterfront townhouse condos overlooking the ocean on Marina Dr, and Spinnaker Hill Ln.
So… with so many condo options in the Hull real estate market how do you decide which one is right for you?
As you start viewing condos for sale in Hull MA and learn the unique characteristics of each of the condo complexes in the area you can begin to evaluate the square footage of the unit, the price and the monthly condo fee or Home Owners Association Fee (HOA). The monthly condo fee will vary greatly from building to building as well as from unit to unit within the same complex. The condo fee is based off the individual unit square footage or the “percentage of ownership” for each unit. The condo owner is responsible to pay the monthly condo fee which is the unit’s percentage of the overall building or complex expenses. The overall expenses will vary depending on what the condo offers for amenities as well as if any utilities are included in the fee.
At initial glance, some condo fees may seem extremely high compared to other complexes, but they are not always what they seem. The condos located on Spinnaker Island, for example, can be misinterpreted by a home buyer as having a high condo fee; however once you take into consideration all that the condo has to offer the fee is a lot more manageable. For residents their overall living expenses are reduced because most of the major costs are covered in the monthly fee. The condo fee at 1 Commodore Ct Hull covers the heat and hot water so each unit owner is only responsible to pay their own electricity. Master insurance, snow removal, landscaping and road maintenance is also included.
Harbor House offers residents one of the nicest fitness rooms and has recently been updated with new equipment. There is a gorgeous in ground pool that sits overlooking the ocean. With access to a private beach and the ability to store your kayaks and bicycles in the building residents can keep active. Spinnaker Island does host monthly gatherings for its residents as well so there is always something to exciting to do. On average unit owners at Harbor House can expect to pay $0.66 a square foot as their monthly HOA fee. But how does this compare to other condos in Hull?
Harbor House Condo on Spinnaker Island Hull – 1 Commodore Ct
Average monthly fee per square foot - $0.66
So a condo that is 1375 Square Feet would have a condo fee of $901
Sea Watch Condo located at - 20 Rockland House Rd Hull
Average monthly fee per square foot - $0.60
So a condo that is 1070 square feet would have a condo fee of $620
Sea Watch Condos does offer residents a fitness center/gym and the monthly fee does include heat and hot water.
Nantascot Place located at - 155 George Washington St Hull
Average monthly fee per square foot - $0.71
So a condo that is 1175 square feet would have a condo fee of $835
Nantoscot Place does offer amenities such as a pool and a gym; however the condo fee does not cover any utilities (like heat or hot water).
Taking a look at the condo fee proportionally as it relates to the square footage and amenities will help home buyers see the true value of each unit or condo complex.
For more information on the Hull real estate market and to view any condos for sale in Hull MA Contact Red Door Today (617) 553-1880.