Top 5 things to know before buying Townhomes in Surrey, BC

5 things to know before buying townhouses in Surrey, BC

Relocating to a new home is an exciting adventure, but it can also be full of surprises if you’re not prepared. Today, we’re diving into the 5 things you absolutely need to know before buying a townhome in Surrey, BC.

This is essential reading if you want to avoid costly mistakes and make your move a success. Stick around to the end—we’ve got a bonus tip that could save you thousands of dollars!

1. Parking Problems Are Real

Parking might seem like a minor detail, but it’s often one of the biggest headaches for Townhome owners. Here’s what you need to know:

• Visitor parking is off-limits for residents: Strata rules are strict, and you’ll face penalties for parking in areas not designated for your unit.
• Large vehicles like trucks may not fit: Many townhomes have limited driveway space, and overhanging into common roadways is a no-go.
• Street parking isn’t guaranteed: While a unit facing the street might offer extra parking, it’s not a given.

Pro Tip: Look for a townhome with enough garage or driveway space to accommodate all your vehicles comfortably. In British Columbia’s growing real estate market, parking availability can significantly impact your lifestyle.

2. Shared Expenses Can Be Shocking

When you buy a Townhome, you’re signing up for shared responsibility for common expenses. These shared costs are essential to maintaining the community but can catch buyers off guard.

If a major repair is needed, you could be on the hook for a hefty share. Strata complexes fund these repairs through maintenance fees or special assessments, which can add up quickly.

To avoid surprises, thoroughly examine the strata’s financials and depreciation report before committing to a purchase. The depreciation report provides a 30-year forecast of upcoming repairs and maintenance, giving you a clearer picture of potential costs.

Typical large expenses include:

• Roof repairs: These can be a significant expense, especially in older complexes.
• Window replacements: Damaged or outdated windows are often replaced as they fail, which could add up if multiple units fail
• Exterior siding maintenance: Over time, siding can degrade and require costly repairs or replacement.

Pro Tip: Always schedule a home inspection and meticulously review the strata documents. These steps are non-negotiable to avoid unexpected financial burdens in Surrey’s competitive real estate market.

3. Insurance Claims Are Your Responsibility

Many buyers assume the strata’s insurance covers everything, but that’s a dangerous misconception. Here’s the truth:

• Strata insurance often comes with massive deductibles. In some cases, these deductibles can reach as high as $250,000. This means that while the strata’s policy may cover damage to common areas, homeowners can be responsible for significant portions of repair costs.
• You might be liable for damages in your own unit. For example, if a neighbor’s plumbing bursts and floods your unit, their insurance might not cover all the damages. Worse, the strata’s policy may leave you on the hook for repairs within your unit.

The financial burden can be devastating without proper preparation. First-time homebuyers and seasoned buyers alike should be aware of this risk and take proactive steps to protect themselves.

Solution: Invest in a comprehensive homeowner’s insurance policy that supplements the strata’s coverage. Make sure to:

• Understand your policy’s deductibles and coverage limits.
• Review the strata’s insurance details to know what is and isn’t covered.
• Consider additional coverage for high-deductible risks, like water damage or flooding.

Proper insurance planning can save you from unexpected financial stress, especially in Surrey, BC’s dynamic real estate market.

4. Noise Transfer Is Inevitable

Living in a townhome can reduce some noise issues compared to a condo, but it’s not a guarantee of peace and quiet. Townhomes often come with their own set of common noise challenges, such as:

• Blasting TVs
  Whether it’s an action-packed movie night or someone who just loves their music loud, sound can travel easily through shared walls. Noise insulation varies by property, so it’s worth checking for soundproofing features like double-layered drywall or insulation upgrades.
• Footsteps on stairs
  If your townhome has multiple levels, prepare for the rhythmic sound of footsteps—yours or others. Stairs can amplify noise, especially if they’re made of hardwood or lack carpeting. Consider whether noise-dampening solutions like rugs or runners could help.
• Noisy neighbours entertaining guests
  Townhomes often attract families and social individuals who love hosting friends and family. While it’s great for community spirit, it can mean late-night chatter or occasional gatherings spilling into shared spaces or patios.

How to Minimize Noise Issues

Choose an end unit: End units are highly sought after because they share only one wall with neighbours, significantly reducing the chances of hearing loud conversations, TV noise, or other household sounds. They also often come with added perks, like more windows and natural light.

Visit the property at different times: Noise levels can change dramatically depending on the time of day. For example, mornings might be quiet, but evenings could bring lively activities or traffic in shared driveways. Drop by during weekdays, weekends, and at night to get a better sense of what to expect.

Quick Tip: Get to Know the Neighbours

Before making a commitment, knock on a few doors and introduce yourself to potential neighbors. A simple chat can reveal a lot about the community’s vibe and whether it aligns with what you’re looking for.

Ask about noise levels, neighborhood events, and even how disputes are typically handled. This is especially important in Surrey’s competitive housing market, where properties move fast, and you want to feel confident about your choice.

5. Bylaws and Rules Can Be Overwhelming

Strata bylaws are designed to keep the community running smoothly, but they can sometimes feel more like a set of limits on your freedom. Here are a few common bylaws that might impact your lifestyle:

1. Noise Curfews
   Strata councils often set quiet hours—typically between 10 PM and 7 AM—to ensure peace for all residents. While this can be a blessing for light sleepers, it may feel restrictive if you enjoy late-night gatherings or have an unusual work schedule.
2. Pet Restrictions
   Love your furry friends? Some stratas limit the number, size, or even breed of pets allowed. Others ban them entirely. If you’re a pet owner, these rules can quickly turn a dream home into a no-go.
3. Rules About Yard Maintenance and Renovations
   Want to plant a garden or revamp your outdoor space? Some stratas regulate what you can do with your yard or balcony. Even interior renovations might require approval, adding extra steps to personalizing your home.

The Golden Rule: Read the Bylaws

Before you buy, dive into the strata’s bylaws. These documents aren’t just fine print—they’re a roadmap to your future home life. If a rule doesn’t align with your lifestyle, it’s a sign that this strata might not be the right fit.

Bonus: Save Big With Tax Breaks

To make your townhome purchase even sweeter, we’ve compiled a free Tax Breaks PDF that highlights government incentives and rebates you might qualify for. Download it now to ensure you’re not leaving money on the table.

Buying a townhome in Surrey can be a fantastic move if you go in prepared!

What if I have any questions about moving to Surrey or White Rock, BC?

Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of South Surrey/White Rock and its real estate dynamics, is committed to guiding you every step of the way.

We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the South Surrey/White Rock real estate market.

As you embark on this exciting journey, remember that the right home in Surrey is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership in South Surrey/White Rock a beautiful reality.