Tony Gioventu
Province
Our strata is a series of apartment buildings in Burnaby built in 1972. In 2008, we hired an engineering firm to perform building envelope inspection.
Overall, our buildings are in good shape; however, our roofs were in need of replacement on our pool building and one other. With the help of our site manager and consultant, we managed to replace the roofing systems on all three of our buildings for the cost of what originally projected to be two buildings. Overall, we saved over $600,000.
— Robina Gaskell, Lougheed Estates
Dear Robina: It is always more cost-effective and beneficial for the owners to plan in the long term for
financial needs and routine maintenance and renewals. Buyers considering a strata-titled property should always take a look at the maintenance schedules and long-term planning. If the buildings are well maintained and the strata is planning for the financial needs of future repairs, it indicates a mature and competent community.
Lougheed Estates is a mature, model community. The owners support and respect each other, the strata maintains and repairs the property, and the value of each unit is well protected. Congratulations on such a successful project.
Tony Gioventu is executive director of the Condominium Home Owners’ Association. Send questions to him at [email protected]
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