There is nothing more frustrating than living in a community where there are no funds to carry out works that are absolutely necessary.

It is clear that we all want to pay as little as possible, but we must not forget that very low community fees are usually clearly inadvisable for the neighbors’ own assets.

A balance must be found between the fees that are paid and the maintenance or revaluation of the homes themselves.

In fact, the best way to maintain and increase the value of homes is to have a community that is kept in adequate condition, even if this means a greater economic effort for the neighbors in paying the fees.

It is a mistake to think that what benefits the owner most is a low fee at the expense of poor conservation and worse community services, and to demonstrate this there is no better example:

An owner pays 100 Euros and to maintain the community gardens, place new parasols in the pool area and fix one of the elevators that has been out of order for two years, the fee would have to be increased to 140 Euros per month. Assuming that the owner was going to sell the house in two years’ time, this would mean that he would have paid an extra 960 Euros (40 Euros for 24 months).

However, during those two years, the sale value of a house that has gardens, parasols in the pool, its elevators in perfect use, etc. experiences a price increase higher than the 960 Euros that the owner would have invested in its revaluation.

In other words, the decrease in price that this house would experience simply by not having these community services would be much higher than the 960 Euros that their cost would entail.

Needless to say, in the case of rentals, the difference in possible rents to be received by owners is equally significant, so neighbors should not forget the convenience of having a budget that allows maintaining the community within reasonable levels of maintenance and improvement if necessary. As we can see, excessively low community fees only contribute to the owner seeing how their homes end up losing value.