Frequently Asked Questions
What are the hidden costs of buying in Vancouver? +
Beyond the common costs like property transfer tax, inspection fees, and legal fees, Vancouver homebuyers should also consider unique local costs. Strata fees in condos, maintenance schedules in older buildings, and energy efficiency upgrades can add up. For detached homes, sewer line checks and oil tank removals are unexpected expenses buyers often overlook. I’ll guide you through these to avoid surprises.
How does the West Coast climate impact homeownership? +
Vancouver's rainy climate can pose challenges like roof maintenance, drainage systems, and mold prevention. Homes with proper waterproofing, modern rain screens, or elevated structures in flood-prone areas are key. I'll help you assess properties for long-term climate resilience so you can make an informed decision.
What’s the deal with leasehold properties in Vancouver? +
Some Vancouver properties are leasehold, meaning you don't own the land outright. These properties can offer lower purchase prices but come with unique risks like expiring leases and unpredictable renewal terms. I’ll break down how leasehold agreements work, what to watch for, and whether this type of property fits your goals.
Should I buy a pre-sale or a resale home? +
Pre-sales in Vancouver can be appealing for locking in a price, but they also come with risks like delays and market shifts. Resale homes, on the other hand, offer more certainty but might need upgrades. I'll help you evaluate both options based on your timeline, financial flexibility, and long-term plans.
What should I look for in strata documents? +
Strata documents provide a window into the financial health of a building and its management style. Look for red flags like underfunded contingency reserves, repeated repair issues, or unresolved legal disputes. I'll help you decode these documents and avoid buying into a problematic property.
Let’s verify the title for any hidden issues like liens or disputes—so you can move forward worry-free.
