Condo Fee Analyzer
Calculate the monthly condo fee per square foot and learn why the amount should be considered alongside utilities, amenities, maintenance and reserve-fund contributions.
The fee amount needs to be compared with included utilities, amenities, the operating budget and reserve-fund contributions.
Enter the listing details.
Use the monthly fee and approximate interior size shown in the property listing.
A high condo fee is not automatically negative, and a low fee is not automatically positive. The fee must be considered alongside the corporation's expenses, services and reserve-fund obligations.
What can make condo fees higher or lower?
Monthly condo fees depend on the property type, services provided, utilities included, maintenance obligations and the amount contributed to the reserve fund.
Utilities and services
Heat, water, waste removal, landscaping, snow removal, cleaning and security may all be paid through the monthly condo fee.
Reserve contributions
A portion of the monthly fee may be directed toward future repairs such as roofing, paving, elevators or building-envelope work.
Amenities and common areas
Elevators, gyms, pools, underground parking and larger common spaces may create higher operating and maintenance costs.
The monthly fee does not tell the full financial story.
Clearwise Reports reviews the available operating budget, financial statements, reserve-fund records, meeting minutes and fee history to provide greater context.
This calculator provides a general educational comparison based solely on the information entered. It does not determine whether condo fees are reasonable or whether the condominium corporation is adequately funded. It is not legal, engineering, accounting, insurance, appraisal or investment advice.