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You should also consider the age for purchasing condos in Chicago and the construction of the buildings you purchased because, as Trulia reports, HOA costs tend to be higher in older communities simply because they require more maintenance.
Sometimes shoppers are put off by a hefty monthly HOA fee because they don't consider whether water, heating, garbage disposal, or cable TV is included.
A Chicago condo for sale is a private residence in a multi-unit facility that shares common areas like a fitness center, pool, and garage with other unit owners on the property, for example.
Along with a mortgage, you pay a monthly contribution to the Home Owners Association, or HOA, which goes to the maintenance of the property and future investments.
