I’ve found recently that most people don’t know and I wanted to clarify and reduce some confusion. I’ve always heard that people dismissed looking at strata properties such as condos and townhomes because of the “additional” fees that they had to pay each month.
It is true that there are strata fees for these properties but do you know what they go towards?
Most strata fees will include things that you likely already pay for in your home such as water, sewer, garbage and recycling, but that’s not all. Most also include building insurance, general maintenance, road maintenance and landscaping. Some properties fees also include things such as heating and cooling as well as hot water.
Ultimately, when you start to compare what you pay for a strata fee and what you receive in return, it turns out to be about the same that you pay for multiple different things but in one lump sum.
Strata properties are a great way for you to get your feet wet in the market but also an inexpensive and convenient option when downsizing.
Don’t let that fee scare you away from what could be the perfect solution for you! ... See MoreSee Less
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