Aquarius Maintenance: is it the cheapest in the block?
April 3rd, 2015 we surveyed the maintenance costs of condominiums near Aquarius in Hollywood, Fl. You may click here and compare the maintenance costs practiced in April.
Now, August 2015, we have a new survey. Aquarius is still the cheapest Condo. in maintenance cost per square foot. It charges less than buildings that offer less amenities. Aquarius charges less than buildings with greater number of units that allow for a better sharing of expenses.
So at Aquarius the monthly maintenance charged is about 28% lower than the next lowest Condo charges.
Is this good? Certainly not. The lack of funds results in a poorly maintained building.
Sam Schmuter wrote a letter addressing the destination of extra maintenance funds (click here to read this document) the building received. It is clear that saving in maintenance has brought the building many problems. The clear and well written work of Sam Schmuter is impossible to contest.
When blaming the Board of Directors for todays’ difficulties it is healthy to reflect the real cost of absurd low maintenance quotas.
Besides the lower quality of enjoyment we can experience in a building with so many aspects to repair there are other nefarious consequences. An upscale neighborhood, as the one Aquarius is in, does not favor a fixer up.
Just consider smaller units in huge neighboring buildings selling for more and more rapidly because we, at Aquarius, are saving in maintenance.
Penny wise and pound fool is not smart.
Cecilio Augusto Berndsen, August 2015