That’s always a difficult question.
Some owners want to save every penny today and keep monthly fees as low as possible. People who are on a very tight budget, people who plan to sell in the near future, and investors who need to “make the cash flow work”.
Unfortunately strats/condo ownership is very much a save now, but pay much more later, game. Recently friends of ours found themselves facing a special levy of almost $300,000. It’s like paying for your unit all over again.
New BC regulations aim to prevent this kind of financial disaster by making depreciation reports mandatory. Professional Depreciation reports clearly state the condition of the various building systems, but it doesn’t solve the financial conundrum councils face.
Councils are stuck between a rock and a hard place trying to find the right mix of monthly fees and special levies. Exploring various scenarios and choosing the right mix can be a tedious and complicated process.
This is why we created our sand box tool that makes creating the right mix of fees and special levies easy. No complicated and confusing worksheets. Input your options and play out as many scenarios as you want to find the perfect mix of fees and special levies for your owners.
Contact us for a demo and discover how we can make those difficult decisions easier.
