Vancouver Condominiums (condos): Owner has a deed for unit, has a
separate mortgage, pays property tax on the unit plus a percentage
of the common areas and pays a monthly maintenance fee. A board of
directors governs the complex with the owner having one vote. The
condo owner has a fee simple absolute unrestricted ownership and is
individually responsible for property taxes and maintenance fees.
Use the sales price of condominiums with similar size, appeal, age,
neighbourhood in Vancouver, incurring similar maintenance fees, etc.
to determine market value. Ask owners in the complex what they like
and dislike about both the unit and the complex. How good is the sound
proofing? End units and upper units generally sell for more when sound
comes into play. How is its location in the complex? Is it near downtown
Vancouver or will you have to commute? Next to an access street, parking
facility, pool? Look for units that are not adversely affected by
these. Stay away from predominantly rental condo complexes in Vancouver,
those having more occupants that are renters. They are often poorly
maintained as absentee owners usually vote against improvements and
increases in maintenance fees. When buying condos in Vancouver, it
is always good to ask lots of questions.
Vanoucver condos range in price from low $100s to over $1,000,000
with the high end generally being found in areas like Richmond and
Fairview. The average price for Vanouver condos is approximately $230,000.
Vancouver homes for sale
(introduction)
Vancouver condos
Vancouver cooperatives
Vancouver resale homes
Vancouver gated communities
Vancouver townhouses
Building a house in Vancouver
Vancouver new homes
Vancouver luxury homes
Vancouver lofts
Vancouver investment property
British Columbia bungalows
Vancouver duplexes
Vancouver triplexes
Vancouver residential real estate
(attached)
Vancouver residential real estate
(detached)