Buying a condominium BUYING A NEW or used condominium is really very similar to buying a‘ tradi- tional house. You look over the available stock until you find a unit that. satisfies your: family’ 's needs'in ail respects, :: in an area you like, and at a price you can afford. -: ere are, however, some fic matters related to condominium purchase that should consider before ving there, the maintenance of the complex, the cost of operating the complex, and the effects of the by-laws and ‘regulations of the coun- cil “are all matters which should be carefully scruti- nized. wise purchaser will spend consicerable | time in- vestigating .. various con- dominium projects - ‘and the features offered in each. to make a satisfactory purchase decision. | Inder th Real’ Estate: ré required ) prepare a prospectus to,be - supplied to’ potential buyers: This contains all descriptive info! ‘mation on. both’. the elope: and:-the develop- : h the owner/developer is the governing body and per- forms the duties of the Strata Council. Until 60 per cent of the units are con- veyed, the owner/developer must prepare budgets, carry: .,Out maintenance and assume “expenses of the unsold units: - Nine - months — after. the Strata Plan :is registered at the Land Title Office or ~ when 60 per cent of the units are. sold, the. owner/ ‘developer must call the first ‘Annual. General Meeting and a. Strata. Council of owners must be elected. This body then assumes management. responsibility and prepares” the next and succeeding ane. nual budgets. TALK TO OTHERS: If the development you like is not a new building, talk to others who live in the _ complex and ‘ask their opi- nions. on sound proofing, facilities and management. Study: the financial: state- ment anda. copy::of the strata corporation by-laws. Salespeople -and potential “buyers ° “should know that items such as rules that con- trol ‘management and en- joyment of common proper-: ty, rental regulations and ~ any rules against pets will be “registered i in these by-laws at ‘the tn Title Office, if they ayailable : Teadily sauna, ‘recreation “oom, etc.) benefit you and > Other family, members or will YOUR NEW HOME IS READY. ie - WHERE ARE YOU?’ : Come to 320 North Dollarton Hwy. (backing or on- to Cates Park) and see your new home « . Featur- ing 3 bdrms., 21% bathrms., large gracious tiv. ing & separate dining room, family room off’ deluxe kitchen, huge unfinished basement'‘and §. tevel entrance... Loaded with lots of charm and extras ... DON'T. DELAY — $129,900 (MLS) : 19 WOODCROFT “SUITEHEART” Large one bedroom “View' Suiteheart. ft's listed for $62,500 but open to offers ... It's located in i the most sought after complex on the North “Shore — unbelievable amenities .. - Ideal invest “ment Opportunity. | they be something you help pay for but never use? | -< *How many units.in the building are rented? A pro- spective purchaser should be given a ‘“‘rental . disclosure statement”’ developer is required to disclose the number of units in the building he intends to lease rather than sell. (If the developer fails to do this, a purchaser’ may be’ able “to~ escape his. purchase obliga- tions..if he established this .. in which. the. contravention: before the: purchase date.) Are there any restrictions against renting your suite once you own it? Are you alldwed to keep pets? *What are the monthly maintenance fees and what is . dricluded for the money: you pay. (Some fees may seem higher than others, but in- clude such things as heat and hot water, while other units have. separate meters so you pay, these costs yourself.) 'eHas a-strata.council been formed: and started opera- ‘tion? -Read and understand strata corporation - by- aws. “SCheck warranties available on in-suite ap- _Pliances. What are the. property ‘taxes’ for the unit you like. As. a unit owner,. you:-will pay property taxes just like.a - , _ Single-family home owner, and this charge may be in- cluded’ in your. mortgage ‘payment -or -be ‘an. annual “obligation, but it. ‘should be te: nized’ that this is: over.’ above - the monthly : nance fee you pay for. share of common ex- USSEX GROUP —-5.R 39 - Friday, August 23, 1985 - North Shore News ~ WHEN YOUCAN AFRO TO. : _ LIVE ANYWHERE, | Luxury homes for sale in West Tene cr on the unspoiled Caulfeild Plateat.. SAHALEE-A privately planned communily incorporating traditional home values ‘with FROM MID 83008. WITH EXCEPTIONAL ° FINANCING AVAILABLE. innovative architectural design and building techniques, Even from the outside, cach you a feeting of: luxurious home gives ol ndividuality and privacy. t ‘per Levels, Caulfeild Drive Exit-—South. For information 922-1531. A QE ADRANT DEVELOPMENT 26 A HOME YOU CAN AFFORD Prices starting from $98,500 for one of these 4 “New Deluxe 2 Bedroom Condominiums”’ that offers superb location, accommodation, outstan- ding."Ocean & City Views”. Deluxe fully applianc-: ed kitchens with skylights, fireplaces, 2 full baths with master ensuite. Possible 3rd bedroom down ot workshop. Come see our display suite on Sun- ‘day 2 to 4 at 270 East 3rd Street or call for your private showings. 11 A TRADITIONAL ENGLISH TUDOR Nestled in almost two acres of park-like gardens, a fairy-tale vision of old world charm in West Van's lower British Properties ... Large gracious liv- ing & dining room with rounded bay window fook- ing onto the lovely gardens. Warm kitchen/fami- ly room with fireplace & raised hearth of old brick. Three targe bedrooms with lots of unfinished space upstairs for more bedrooms or games room. Serenity everywhere — spaciousness. A home of nostalgia — for living your dreams .. $385,000 (exclusive). PROWVECT | Wwhat we do best” 3 NEW HOME PERFECTION. Nearing Completion — fantastic new home in West Vancouver Caulfeild area. For $215,000 you get one of the finest 3,000 square foot split level homes you'll see anywhere. Big spacious rooms, great lay-out, lots of storage. You can still select, your own finishing colours. If you’re quality con- scious you'll love it. . , TAKE NOTEH! 314 KEITH ROAD WEST VANCOUVER 3.74 acres of virgin land in the heart of Cedardale. Presently zoned RS-3 residentia!. This could be ripe for { development. Sacrifice price of only $250,000. Subject to court approval. Unbelievable vatue.