Typical costs

The cost and calculation of service charges is specific to each development and an ‘across the board rate’ cannot be applied. You must first look at what is to be included in the budget for the development. Here we will give 2 examples of 2 developments to demonstrate this.

Development 1 Management Company Limited Development 2 Management Company Limited
Ten apartments with interior common area stairs,Half an acre of grass, flower beds, electronic gates. Combination of sixty townhouses and apartments, no interior common areas and no green areas
ITEM COST ITEM COST
Insurance €2,000.00 Insurance €5,800.00
ESB €2,000.00 ESB €2,000.00
Grounds Maintenance   €7,000.00 Grounds Maintenance   €2,850.00
Common Area Cleaning   €4,160.00 Audit Fees €968.00
Lift Maintenance €600.00 Managing Agents Fees   €13,000.00
Fire Maintenance €350.00 Sinking Fund €2,000.00
Auditors Fees €968.00 Sundry €300.00
Managing Agents Fees   €3,000.00
Sinking Fund €2,000.00
Sundry €300.00
TOTAL €22,378.00 TOTAL €26,918.00
DIVIDED INTO 10 APTS €2,237.80 DIVIDED INTO 60 UNITS €448.63