Comments on: I Hate Strata Fees http://agentwill.com/life/i-hate-strata-fees/ Documenting Life and Real Estate in Vancouver Fri, 29 Aug 2008 18:38:24 +0000 http://wordpress.org/?v=2.3.2 By: Tony C http://agentwill.com/life/i-hate-strata-fees/#comment-544 Tony C Sat, 03 May 2008 21:00:44 +0000 http://agentwill.com/life/i-hate-strata-fees/#comment-544 This is a great article. I think a lot of people have misconceptions about strata fees and do feel they are at least, in part, a waste of money. However as you point out in your article, they do cover a lot of things that people don't normally think about. Of course you can skimp on a lot of it by owning your own home, but that is certainly at your own peril. I do prefer those stratas that have lower fees and less coverage though. Often times frivolous items are covered such as gym membership (do you notice condo gyms are very lightly used?) or included natural gas (only good if you use lots, but in this environmentally conscious world, why would you). Good article. This is a great article. I think a lot of people have misconceptions about strata fees and do feel they are at least, in part, a waste of money. However as you point out in your article, they do cover a lot of things that people don’t normally think about. Of course you can skimp on a lot of it by owning your own home, but that is certainly at your own peril.

I do prefer those stratas that have lower fees and less coverage though. Often times frivolous items are covered such as gym membership (do you notice condo gyms are very lightly used?) or included natural gas (only good if you use lots, but in this environmentally conscious world, why would you).

Good article.

]]> By: Luc http://agentwill.com/life/i-hate-strata-fees/#comment-511 Luc Fri, 25 Apr 2008 23:19:22 +0000 http://agentwill.com/life/i-hate-strata-fees/#comment-511 The problem is that sometimes the counsel members think about their best interests first. For example, 4 out of the 7 members own townhomes, on the ground level and they decide to spend $15K on painting the fences. The problem is that sometimes the counsel members think about their best interests first. For example, 4 out of the 7 members own townhomes, on the ground level and they decide to spend $15K on painting the fences.

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