Strata Properties


When you embark on a strata or bare-land strata property, it is always important to remember that any kind of property has the potential to have problems. So before going ahead with any strata investment, you need to... 


Review Strata Minutes, up to 2 years, as well as these: 

  • depreciation report, if in place. Otherwise, an engineering report.

  • A written maintenance program or plan.

  • A Healthy contingency fund.

  • Upcoming large expenditures. Special Levies.

  • A well-maintained and managed building.

 

Other recommended follow-ups (New Construction): 

  • If possible, investigating the background of the developer(s) and/or builders of the building.

  • Consult with municipality and other professionals regarding building location and performance.

  • Investigate the warranty program (if applicable) and the limits and responsibilities of the homeowner.

We can clarify all this information and guide you through the process, so you can make a sound and confident choice in your property investment.

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.