Caution When Purchasing Condos

From time to time a deal seems as well very good to generally be genuine but you’re curious in any case. That is definitely how we felt whenever we noticed this three bedroom 2 rest room Port Moody city property for under $200,000. In this location, little condos are difficult to find for underneath $300,000 so to locate a city residence with much place for such a minimal cost appeared like a offer which was as well excellent to get true. But the images seemed very nice so we went to check it out Royal Green floor plan.

It absolutely was a for sale by owner residence so we assumed there might be an opportunity to put a artistic deal collectively. But we also predicted the residence to be in pretty tough condition.

After we arrived Royal Green floor plan we were being pleasantly astonished on the well retained character on the complex and the attractive grounds, and we were far more amazed while using the interior in the device. It were redone and it looked remarkable. We just could not consider it was going to provide for below $200,000 so we begun inquiring tons and much of thoughts. We requested concerns we knew the solutions to, mainly because from time to time which can lead to other concerns. We questioned thoughts we actually did not treatment with regard to the answers to since you hardly ever know once you might study some thing fascinating. And little bit by bit a story started to variety… plus the tale was not a fantastic one particular.

The strata council (strata is definitely the same as apartment in BC) had been horribly run around the past 10 years. Brimming with people without any business enterprise knowledge or knowledge in how a substantial strata really should run, some truly undesirable selections were created. The worst two decisions had been permitting the previous assets management company to continue to oversee renovations and improvements from the assets even after they had shown an absence of capability to do so. Then, if they finally fired that company and hired a different one, the council voted to increase strata costs by $100 monthly in place of positioning an individual levy on each device for that funds required to full the renovation.

Leave a Reply

Your email address will not be published. Required fields are marked *