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  1. #11
    Member
    tejay's Avatar
    Join Date
    Dec 2010
    Location
    stoke
    Posts
    239

    Re: Buying a Townhouse Condo

    I don’t own one myself but from what I understand from looking into it you need to check the following: what’s in the reserve fund for unexpected occurrence- new roof for example, check the bylaws for rules regarding pets and parking or other issues that may concern you, get a copy of minutes of strata council, how much are monthly fees, Lots of things to consider before committing.



  2. #12
    Member
    REV2XHEART's Avatar
    Join Date
    Nov 2009
    Location
    Edmonton, AB
    Posts
    343

    Re: Buying a Townhouse Condo

    im starting to think about the reserve fund kinda. Monthly fees are only $164 but from what I can tell that will change when all of the units are sold and it starts getting older. Oldest building is 1 year old and the plan is to have $20K left over to add to the fund each year. Going 10 years without having to use anything is a chunk of change but its really easy to go through cash.

    The garages are 25 feet long. the biggest i have seen for these kinds of places. no personal driveways though. plenty enough room for 2 vehicles and the sled and tires and such.

    I think i could handle up to $200/month but anything more I would rather just cut my own grass and shovel my own sidewalk I figure.

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