The amount you pay for your monthly strata management fees can vary greatly from one building to another. It takes a knowledgeable Realtor to do some due diligence to find out exactly where that money is going. In Vancouver the average monthly strata fee is around 35 cents per sq foot. So if you have a 600 sq ft condo you're paying around $210 a month for strata fees. However this is simply an average there are so many variables when it comes to strata fees and what is considered high or low. Remember just because a complex has a high maintenance fee say 60 cents a sq foot does not mean it's a poorly managed building. In fact it can be the opposite. It's another reason why you need an experienced Realtor who knows how to read the strata's financials and find out exactly what there current situation is and where that monthly maintenance fee is going each month. Everything needs to check out before you remove subjects.
This entry was posted on November 1st, 2012 by Owen Bigland | Posted in Video Blog