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Questions by potential first-time home buyers


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#81 MarkoJ

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Posted 10 January 2017 - 04:37 PM

Marko,

 

My wife and I are planning to buy in a couple of years. I was wondering how much is the average strata fee say for a new townhome in Langford. I noticed you are selling a townhome complex on Strandlund. So for instance how much of a strata fee would be for this?

 

https://www.realtor....Columbia-V9B3G2

 

Aaron

 

Hi Aaron,

 

Anywhere from $160 to $300 per month.  A lot of new townhome complexes are going to individual water meters so there are quite a few now under $200 per month.  That one I have listed is $193 per month.

 

In my opinion extremely important to avoid townhomes attached to a condo corporation as fees on those townhomes can be huge.


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#82 johnk

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Posted 10 January 2017 - 04:44 PM

"In my opinion extremely important to avoid townhomes attached to a condo corporation as fees on those townhomes can be huge."

Marko, my daughter has been looking at THs, including Strandlund. I've told her the mortgage payment is just one outgoing among others, including taxes, utilities and strata.
Could you elaborate a little on your quote above?
Are THs typically attached to a condo corp? Is "bare
land strata" a different structure?
Thanks.

#83 MarkoJ

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Posted 10 January 2017 - 05:30 PM

"In my opinion extremely important to avoid townhomes attached to a condo corporation as fees on those townhomes can be huge."

Marko, my daughter has been looking at THs, including Strandlund. I've told her the mortgage payment is just one outgoing among others, including taxes, utilities and strata.
Could you elaborate a little on your quote above?
Are THs typically attached to a condo corp? Is "bare
land strata" a different structure?
Thanks.

 

What I mean is you want to buy a townhome that is for example a 20-townhome complex.  You don't want to buy into a townhome where there are 10 townhomes attached to a 40-condo unit building.  Reason behind this is strata fees are issued based on a square foot basis and if you are attached to a condo building as a townhome you are paying for the elevators, generators, parkade entrance (you may not even be using as the townhome), etc.  

 

A 20-townhome complex not attached to a condo would not have elevators and all the expensive mechanical system to worry about. 


Hope that makes sense?


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#84 LJ

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Posted 10 January 2017 - 07:54 PM

UrbanRail, on 10 Jan 2017 - 12:17 PM, said:

Its an election bribe. If the Liberals were that keen on helping the average home buyer, they would have done this years ago. Also I have heard that a first time home buyer would have two mortgages to pay off, the loan and the actual house payment.

There are no payments or interest on the loan for five years.


Life's a journey......so roll down the window and enjoy the breeze.

#85 lanforod

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Posted 10 January 2017 - 07:58 PM

 

What I mean is you want to buy a townhome that is for example a 20-townhome complex.  You don't want to buy into a townhome where there are 10 townhomes attached to a 40-condo unit building.  Reason behind this is strata fees are issued based on a square foot basis and if you are attached to a condo building as a townhome you are paying for the elevators, generators, parkade entrance (you may not even be using as the townhome), etc.  

 

 

A 20-townhome complex not attached to a condo would not have elevators and all the expensive mechanical system to worry about. 

 


Hope that makes sense?

 

 

On the other hand, buying a condo in such a development generally means your fees are lower than they could be :). Heatherdale complex in Saanich in Royal Oak is a good example of this.



#86 UrbanRail

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Posted 13 January 2017 - 11:00 PM

Hi Aaron,

 

Anywhere from $160 to $300 per month.  A lot of new townhome complexes are going to individual water meters so there are quite a few now under $200 per month.  That one I have listed is $193 per month.

 

In my opinion extremely important to avoid townhomes attached to a condo corporation as fees on those townhomes can be huge.

Thanks Marko,

 

Yeah we want to void the hassle of condos stratas. I was also wondering if you happen to know if duplexes have stratas?

 

It would seem that there are a lot more townhomes on the market in Victoria than say houses and duplexes. Plus in terms of price, more within reach of first time home buyers.

 

cheers



#87 MarkoJ

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Posted 14 January 2017 - 06:26 PM

Thanks Marko,

 

Yeah we want to void the hassle of condos stratas. I was also wondering if you happen to know if duplexes have stratas?

 

It would seem that there are a lot more townhomes on the market in Victoria than say houses and duplexes. Plus in terms of price, more within reach of first time home buyers.

 

cheers

 

Duplexes are strata; however, for the most part do not comply to the strata property act.  Here is a great write up by a local realtor -> http://whatthesooke....-they-so-great/

 

Personally, I am a huge fan of duplexes.


Edited by MarkoJ, 14 January 2017 - 06:26 PM.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


 



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