It is essential to be aware of the real estate market trends in Kochi if you want to buy any property, because that will allow you to make an informed decision. Things like the best residential localities, the price per square foot, which builders to buy from, what configuration you want, what are the amenities you would like to have, and of course, the financial part.
Now this does not just include the cost of the flat itself, though that will be the biggest expense. There are other costs like brokerage, stamp duty, registration fees, cost of interiors, and the recurring monthly maintenance charges.
Many amenities are provided to the residents of an apartment building, and they all need to be maintained: gardens, gym, lobby, and so on. Then there are electricity charges which are incurred on the common use of facilities. The total monthly cost of all these are estimated and it is divided by the number of flats. This is the monthly maintenance charge every flat owner has to pay.
Apartments today come with several features designed to make life comfortable and convenient. This includes
This is why it’s important that you know about Apartment Maintenance: Important Step After Buying a flats in kochi.
The location is one of the biggest factors that determine the maintenance costs. You can expect to pay higher wages and salaries in some cities, depending on the prevailing rates. In other cities, it may be lower; in fact, it can even differ within the same city, based on the exact location.
What are the amenities provided? How many are there, and what is the quality of those amenities? The answer to these questions will provide an idea. All the amenities provided must be serviced and maintained in proper working condition. The more sophisticated the amenities, the higher the maintenance charges are likely to be, like if there is day care, salon and other luxury amenities, etc.
Some buildings have a small swimming pool for the sake of it, but some have large pools with a designated kiddie pool. There are apartments with beautifully landscaped gardens, fountains, a lot of play equipment for children, and so on. All this takes a lot of money and effort to maintain properly. The same goes for gyms; if there is a lot of equipment and it is a full-sized gym, its upkeep will cost a bit.
The number of lifts, the design of the building, the decor of the reception, lobbies, etc. are some of the other factors that decide how much you will need to shell out each month as maintenance.
Seasonal maintenance tips for homeowners in Kochi will tell you how much work it takes to maintain one home; so imagine maintaining an entire apartment building. Then you will be able to appreciate why maintenance charges are levied from individual flat owners.
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What are maintenance charges in apartments and why are they important?
Maintenance charges are monthly fees collected from apartment owners to cover the upkeep of common areas and amenities like elevators, security systems, gardens, and more. These charges ensure that the property remains safe, clean, and fully functional.
What factors influence the maintenance charges of apartments in Kochi?
Several factors affect maintenance costs, including the location of the apartment, number and type of amenities offered (like gym, pool, clubhouse), staffing requirements, utility usage, and general upkeep. Premium apartments with luxury features typically have higher maintenance fees.
How can I estimate the maintenance cost before buying an apartment in Kochi?
You can get an estimate by checking the list of amenities provided, understanding the staffing needs, and reviewing past maintenance budgets if available. Reputed builders like Varma Homes provide transparency on these charges, helping you make an informed decision