Quote:
Originally Posted by JDMDreams
I'm not sure where you guys are getting the numbers for strata fees, condos are easily $400+ a month for anything bigger than 600sq, all the town houses I've looked at under the $700k price range has strata fees between $200 to $300. And I'm getting something twice the size, more bed rooms, private garage plus lower insurance costs.
Once you get into 2+ bedroom apartments town houses are the way to go.
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In a typical condo/townhome combined strata, let's say strata fees are $0.42 per square foot. On a typical 1 BR, that's $250 - $300 per month. On a 1500 sq ft TH, that's $630 per month.
For stratas with only townhomes, you might find lower fees per square foot because the operating costs might be lower (i.e. no elevator maintenance, cleaning services for hallways, etc).
Buddy of mine lived in a TH and a few years ago, when all the roofs and windows needed replacing/rainscreens, each unit was charged almost $100k special levy.
Condos or townhomes, nothing is perfect.