Life at the top

Many high-rise accommodation barrio action added than a nice view. They frequently appear with a pond pool, a gym and a 24-hour doorman. Just because you can allow to buy the apartment, doesn't beggarly you can allow to pay for the annual fees for all these extras. And sometimes you may not even apperceive how abundant you allegation to pay in aliment costs until you're already active in your comfortable but cher new abode.

In the old days, it was a lot simpler. The boilerplate Israeli accommodation architecture had four floors and about 16 flats. Shared common areas -- like the garden, roof, access and debris bin - were handled by a tenants' committee, which aswell calm aliment fees, about amounting to NIS 50 to 100 a ages (per accommodation ). Nowadays, some tenants opt to apply a administration aggregation to do that. For a hardly college annual fee, they get accord of mind.

But in contempo years, the architecture of high-rise residential architecture has acquired administration fees to soar. Many buyers carelessness to yield these costs into annual if they acquirement a home. They will anxiously accede the mortgage transaction and acreage taxes, but avoid the annual administration fees, which can add up to hundreds and even bags of shekels a month.

"In the aiguille years if absolute acreage was accomplishing well, casework and accessories that had ahead been accessible alone in the added celebrated high-end residential architecture started to be included in lower-priced barrio as well," says Ronny Cohen, CEO of the Eldar absolute acreage group, which has marketed added than 50 residential projects. "Newer, added modestly-priced architecture were built, in which apartments awash for NIS 20-25,000 per aboveboard meter.

These newer barrio included accessories such as a bathroom allowance and a gym, which acutely aloft aliment expenses. Buyers now had to pay administration fees that were decidedly college than those they had been acclimatized to." Cohen addendum that nowadays buyers are added acquainted of these potentially top aliment fees, banishment developers to acquisition artistic solutions to accompany costs down. "With these top administration fees, abeyant buyers at our appointment now ask not alone about accommodation prices, but aswell about the fees," says Cohen. "There is a accommodation at play, in which barter will not accord up on axial air conditioning or a adorned kitchen, but may be accommodating to accord up on a garden or pool. Architecture companies are analytic for means to cut costs for such services."

How abundant are you accommodating to pay to reside in these towers? In lower-end projects with barrio of up to nine floors, the annual fees are about NIS 150. In taller towers, these fees alpha aggressive to NIS 300 a ages and more. In residential architecture with added than nine floors, added installations are required, such as a architect and a pump for advancement acceptable baptize pressure. The bulk of elevators appropriate in taller architecture aswell increases, abundantly assiduity administration fees.

"One botheration is that buyers do not apperceive absolutely what the administration fees will be. If they assurance the acquirement documents, they are aswell asked to assurance an acceding with the administration company, after alive the final bulk they will accept to pay anniversary month", says Benny Keret, a cardinal adviser to absolute acreage developers. "They usually acquisition out about these costs alone later."

"The annual fees paid in Israel for advancement accommodation barrio run from NIS 200 to NIS 4,000 per tenant, depending on the buildings' authority or 'status', says Tamir Mintz, administrator of the Homes and Barrio Association and CEO of M.M.M. Holdings and Management. According to Mintz, administration and aliment fees about awning cleaning, gardening, annoyance control, aliment of installations such as elevators, baptize and power, as able-bodied as insurance. For these services, tenants in architecture with 10-15 floors pay about NIS 320 a month, while in barrio with 15-20 floors costs will appear to NIS 360 a month. In architecture of over 20 floors, annual fees run about NIS 420.

Tenants who are absorbed in added appearance such as a gym, a pool, a spa, a babysitter or a ceaseless aperture man, will accept to pay amid NIS 1,400 and NIS 1,700 a month. (Buildings with over 20 floors allegation the top fee. Advancement a pond basin will amount tenants NIS 180-NIS 245 a ages in the summer, while a acrimonious basin costs NIS 250-375 a month. Running a gym with an adviser adds NIS 240-365 a ages per apartment, while a 24/7 bouncer costs NIS 400-600 a ages per tenant. The tab for a concierge, who manages the building, us NIS 170-250 a ages per apartment.