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Tapioca · 02-23-2016, 08:57 AM

I agree with the comments above - an inspector can only tell you so much.

With respect to strata properties, you can get a sense of how well managed the complex is through the minutes and the fees. If the fees are too cheap for the age of the complex, then something has probably been neglected, or an amenity has been decommissioned (like a pool, for example). If the complex was self-managed, I would probably walk away unless you know there's a lawyer, engineer, accountant, architect, landscaper, etc. who live in the complex and are on council.

For newer strata complexes (<10 years old), you have to assume that the build quality is shit to passible, so unless the unit has been rented for the duration of its life, there's only so much an inspector will be able to tell you. All they can do is a visual inspection - they're not cutting up walls and telling you about the electrical, plumping, and heating systems.

For older complexes, look at the residents, the property itself, and the fees. There are always issues, but as long as the major stuff's been taken care of (roofing, envelope, etc.), then what else can you do? If you know alterations have been made, look at those carefully. You should factor in 20-30K to bring an older unit up to standard anyway.

02-23-2016, 08:57 AM	#5017
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,201 Thanked 2,793 Times in 1,246 Posts Failed 81 Times in 54 Posts	I agree with the comments above - an inspector can only tell you so much. With respect to strata properties, you can get a sense of how well managed the complex is through the minutes and the fees. If the fees are too cheap for the age of the complex, then something has probably been neglected, or an amenity has been decommissioned (like a pool, for example). If the complex was self-managed, I would probably walk away unless you know there's a lawyer, engineer, accountant, architect, landscaper, etc. who live in the complex and are on council. For newer strata complexes (<10 years old), you have to assume that the build quality is shit to passible, so unless the unit has been rented for the duration of its life, there's only so much an inspector will be able to tell you. All they can do is a visual inspection - they're not cutting up walls and telling you about the electrical, plumping, and heating systems. For older complexes, look at the residents, the property itself, and the fees. There are always issues, but as long as the major stuff's been taken care of (roofing, envelope, etc.), then what else can you do? If you know alterations have been made, look at those carefully. You should factor in 20-30K to bring an older unit up to standard anyway.