The point of this post is to stress the importance of not overlooking issues raised by the inspection of the common areas. Repair or renovation costs for the common areas may overshadow any condo interior renovation costs.
Some of the most expensive repairs to older strata properties are related to the building envelope, that is, exterior surfaces, windows and roofing. The deterioration of parking surfaces and parkade ceilings is also costly should they need attention.
It would be prudent for buyers to review any common area major issues, identified in the inspection report , with a strata council member.
No surprises is best when deliberating a condo purchase.