Typical Strata Fees of a Whitehorse Condo For Sale

Owning a condo in Whitehorse comes with a lot of unique perks that aren’t available with traditional single-family homes. One of these perks is having strata that oversee your condo building. Having strata means that you don’t have to worry about doing those mundane chores like mowing the lawn or shoveling snow. However, stratified buildings come with a monthly fee to pay for these tasks to be done. Depending on how big the building is and how many amenities there are, your strata fees can be large or small. In this article, we will be going over some of the typical maintenance items that a strata fee covers.

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What Costs To Expect From a Whitehorse Condo For Sale. 

Condo fees cover lots of important things so that your building can operate smoothly and cleanly. Generally, condo fees can be categorized into three sections: reserves, utilities, and common spaces. The portion of your condo fees that go towards reserves is for any unexpected repairs or maintenance tasks, etc. This money is stored in a reserve bank and can be helpful if something like a roof repair is needed. 

Furthermore, the money from your condo fee that is used for utilities ensures that you get water, heat, and electricity. Some of these features are fully controlled by your condo owners so it is important that you discuss the fine details of where your money is going before you purchase a condo. 

Lastly, the portion of your condo fee that goes toward common spaces is used for maintenance and general upkeep of these areas. Amenities like pools, gyms, theatres, patios, and courtyards are all included in this fee. So, the more amenities your building has, the more money you will be doling out. Be sure that you take this into consideration when deciding if the Whitehorse condo for sale is right for you. 

For more information on the strata fees of a Whitehorse condo for sale, contact us today. We’d be happy to break down our strata fees for the Current in Whitehorse. Check back with us next month for more information about our condo building. We look forward to working with you in the near future.