Thread: Rental Apartment Expenses
+
Submit Report
Results 1 to 15 of 15
-
09-20-07 22:08 #15
Posts: 754A friend of mine rents an office on Puerto Madero, the 800 block of A. M. Justo.
He pays 4700 pesos rent and 600 pesos expenses for 80 square metres. (1st floor) and it includes parking for one car
-
09-20-07 02:32 #14
Posts: 439Originally Posted by Seaman
I think Puerto Madero is about 9-10 peso a m2 now, it was about 4-5 2 years ago. So prices have basically doubled in little over 2 years. It seems to me there is still room for further hikes
-
09-19-07 21:37 #13
Posts: 168Thomaso,
You are correct in the whole explanation (as you know;) ) I was waiting for Redondo to come with the same story, but I think he did not know how expenses are calculated.
A friend of mine who lives in a nice 140m2 apartment building with 24/7 security in Belgrano pays about $450 a month. Also for them the highest costs are the personnel costs. (And these costs are totally unrelated to the costs of the property. The only costs related to the property are the property taxes of the common areas (like the garden etc)
I think that even in Puerto Madero it would be "difficult" to find a place where you have to pay US$500 a month in expenses. Unless it is a small building with 2 guards 24/7.
-
09-19-07 17:00 #12
Posts: 995Apartment expenses are based on personnel costs, security costs, maintenance, elevators, garages, pools, gyms, suanas, storage areas, insurance costs, common area utility costs. The monthly total is divided by total sq meters in apartments for a sq meter cost and then to each unit based on their sq meters. So if it is 5 pesos per sq meter for the whole building and you have 100 sq meters, you pay 500 pesos. Remember personnel costs are 1.5 time more for Sat and 2x for Sunday so weekend coverage really adds up. As well employees get more for being older and having kids! Don't forget the 30 days vacation each year when you have to pay a replacement. By the way the gov't has given porters 18 and 19 percent raises each of the last two years.
My building has one traditional elevator, no garage, no pool, gym etc. Potera costs are our highest line item.
I would guess that the newer buildings can get pretty expensive especially if you have a bunch of people running around trimming / landscaping, polishing, uniformed security, pools, etc.
My place is 115 sq. Meters and I pay 198 pesos monthly, here is info for a 500,000 property in recoleta from a BA real estate agent webpage:
Expenses $1100 and Bimonthly local Tax $150
Puerto Madero could be close to 500 dollars for a big place. I don't care to find out.
-
09-19-07 13:21 #11
Posts: 439Originally Posted by Seaman
And I base it on what I need to pay if I buy an appartment in Puerto Madero
-
09-19-07 12:57 #10
Posts: 168The expenses are normally not 100% related to the value of the property. So a property worth US$500k does not have 5x higher expenses then a property worth US$100k.
But again, please explain where you base your statement on.
-
09-19-07 12:42 #9
Posts: 439Originally Posted by Seaman
-
09-19-07 04:02 #8
Posts: 168And I say it might well be less than US$500.
-
09-19-07 02:37 #7
Posts: 439I said at least.
-
09-18-07 20:52 #6
Posts: 168Originally Posted by Redondo
You know why? Because I do not think you can base your statements on anything. Why does a US$450k apartment cost US$500 in expenses? Please explain.
-
09-18-07 17:33 #5
Posts: 547Originally Posted by Sidney
-
09-18-07 16:42 #4
Posts: 439Originally Posted by Seaman
-
09-18-07 14:20 #3
Posts: 168Redondo,
You said in this post "don't really have an idea about expenses", and now you are on the other "side" advising people?Last edited by Seaman; 09-18-07 at 14:35. Reason: Screwed up URL because of grammar checking script!
-
09-18-07 13:27 #2
Posts: 439Originally Posted by Sidney
And you need to send money to a country that:
A: Is not politically and financially stable.
B: You can't be sure you can take out the money.
C: Has high fluctuances on property value.
D: Has a moron president, with a even bigger moron wife who becomes president.
E: A currency that has lost about 20% over the dollar in the last 5 years.
F: A tax system that taxes on worldwide income.
-
01-01-07 02:00 #1
Posts: 2556
Venues: 398Rental Apartment Expenses
Thread Starter.