Quote:
Originally Posted by pylon
In the last year we have had to:
Re do the roof - 110,000
Flooding - 30,000
Post tension work - 25,000
And now this bed bug thing.
For a 26 unit building that is a lot of cash.
My advice would be avoid smaller buildings. I wouldn't look at any complec smaller than 100 units ever again. A roof on a 100 unit buidling doesn't cost 4 times what it does on a 26 unit one, maybe double. So you end up having to fork out for a bigger chunk, plus you have higher condo fees as a result.
I didn't mean to slight the owner who had the initial infestation. I know you could drag these things back from a cruise, Vegas.... wherever. It is just a huge inconvenience on such short notice, and I am po'd about it.
|
That's only like $6350/unit. Honestly, that not
that much for maintaining a property. I realize there are condo fees on top of that, but I read recently you can count on spending about 10% of the value of your place/year to keep it maintained and appropriately upgraded with time. My experience has been this is about accurate. Owning a house and maintaining it properly is so expensive (new homes you get a maintenance holiday, but that's temporary).