Comparing Strata Buildings: 5 Things That Matter More Than Price
In strata living, the building can matter more than the unit. Two townhomes at the same price can feel completely different depending on how the strata is run and what major repairs are ahead.
1) Insurance and deductibles
High deductibles can turn a minor issue into a major out-of-pocket cost. Look for insurance notes and ask how claims have been handled.
2) CRF and budgeting habits
A healthy reserve fund and realistic budgeting reduce the risk of sudden special levies.
3) Depreciation report follow-through
The report is only useful if the strata follows it. Compare recommendations to what the minutes show is actually being funded.
4) Bylaws that affect lifestyle and resale
- pets
- rentals (long-term and short-term)
- age restrictions
- parking and storage
- renovations and noise rules
5) Minutes (patterns, not one-offs)
One complaint is normal. The same maintenance issue or conflict repeated for months is the signal.
Send me the listings you’re considering, and I’ll help you compare strata health and real monthly ownership costs.