5 Essential Tips for Buying a Townhome in White Rock

Considering buying a townhome in White Rock? You’re not alone! But before you dive in, there are a few critical things you absolutely must know. Let’s explore the key factors that can make your purchase a dream or a nightmare.

My name is Darin, the team leader with the Germyn Group, with Macdonald Realty, a REALTOR in Surrey, British Columbia.

If this is your first time reading our blogs, we are here to educate you on everything there is to know about living in Surrey or White Rock, British Columbia. If you’re looking to make a move in the next 9 days, 90 days or 9 months, shoot us a text, give us a call, or book an in-person zoom meeting with us so we can learn a little bit more about your situation and let you know what we can do to help you. This way, we can make sure your move to Surrey or White Rock is a smooth one

Understanding the Parking Situation

Parking can be one of the most misunderstood aspects of townhome living. Many townhomes in White Rock offer only two parking spots, which may not be enough if you own multiple vehicles.

Be sure to check if the unit has additional parking options, like a larger driveway or access to street parking. Avoid parking in visitor spots or overhanging onto common roadways to stay on good terms with your neighbours and the strata.

Be Prepared for Major Expenses

Buying into a townhome is similar to investing in a business. You need to do your homework to avoid costly surprises. Review at least two years of strata documentation, financials, and the depreciation report. This will help you understand potential major expenses, such as roofing, siding, or plumbing repairs, that could affect your finances.

Don’t Overlook Insurance

Strata insurance typically covers the building structure, but not the contents of your home or your personal liability. Make sure to get your own insurance policy to cover these aspects.

With rising strata deductibles, having personal insurance can also help you manage these costs, especially in the event of a claim.

Consider Noise Levels

Living in a townhome means sharing walls with neighbors, which can lead to noise issues. To mitigate this, consider purchasing an end unit to reduce the number of shared walls.

Visiting the property at different times of the day can also give you a sense of potential noise levels. Don’t be afraid to introduce yourself to the neighbors; it’s a great way to gauge the community vibe and potential noise issues.

Know the Rules and Bylaws

Every strata complex has its own set of rules and bylaws, covering everything from parking and noise to renovations and pet ownership. Understanding these rules before buying can save you from future conflicts. If you’re unsure about any of the bylaws, seek professional advice to ensure they align with your lifestyle.

Conclusion

Buying a townhome in White Rock can be a fantastic investment, provided you’re well-prepared. By understanding parking logistics, being aware of potential expenses, securing proper insurance, considering noise factors, and familiarizing yourself with the rules, you can avoid the common pitfalls. Ready to start your townhome journey? Let’s chat and make it the best move you ever make!

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