This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].

Question: Why would anybody waste thousands of dollars each year on condo fees?

Answer: Most people associate paying condo fees with throwing money down the drain, but most people do not look at condo fees the right way.

In this June 20 article, the Wall Street Journal reported a study by Angi (formerly Angie’s List) that home maintenance and emergency repairs have increased by 85% and 175%, respectively, from 2019 to 2025.

By comparison, condo fees in Arlington increased by an average of just 32% from 2019 to 2025, making them a steep bargain for condo owners compared to other homeowners.

What Do Condo Fees Pay For?

For those who haven’t spent time studying condo budgets, some of the main expenses in a condo budget include:

• Maintenance, Emergency Repairs, and Utilities: general upkeep and operations of the building

• Reserves: a building’s savings account for major repairs or replacement of things like the roof, elevators, carpet, etc

• Property Management/Staff: contracts for a property manager, front desk, janitorial services, and engineer

• Master Insurance: this policy usually protects everything except your personal items and improvements within each unit

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