Quote:
Originally Posted by stewie
But my original question is about strata fees and what your prices are, just so I can get a comparison and general idea of what it would be like elsewhere.
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It really depends on how your strata funds improvements - through special assessments or building up the reserve fund.
When we lived in a strata townhouse complex, our strata council's approach was funding long-term improvements through the reserve fund. When we sold, we were paying about $350 a month. A townhouse complex has fewer things to manage - no HVAC systems, no elevators, very little amenities, and no parking garage. By contrast, an apartment complex has many more systems and common areas to maintain.
To be honest, $500/month for an apartment building is not unreasonable if your strata's practice is building a reserve fund.