Condo Amenities: What They Really Cost You

Condo amenities can be a huge selling point, but they also play a major role in monthly strata fees and long-term maintenance costs.

High-end amenities like 24-hour concierge services, indoor pools, and saunas come with significant ongoing expenses. Concierge services require staffing, benefits, and management. Pools and saunas not only have high operating costs for heating, chemicals, and insurance, but they also carry a higher risk of water damage over time. Leaks, moisture issues, and major repairs can lead to costly special assessments if not properly maintained.

Other popular amenities like rooftop patios, BBQ areas, and common lounges also require regular upkeep. Exposure to the elements means faster wear and tear, and shared BBQ spaces add cleaning, safety, and replacement costs.

On the other hand, simpler amenities tend to be far more cost-effective. Playgrounds, open green spaces, bike rooms, and pet wash stations offer great lifestyle value with much lower maintenance and repair risks. These amenities often enhance livability without significantly impacting monthly fees.

When buying a condo, it’s important to look beyond the marketing brochure. Understanding which amenities you will actually use and how they affect strata fees can help you make a smarter long-term decision.

If you’re comparing condo buildings and want help breaking down strata fees and amenities, I’m always happy to walk you through the details.