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This site has nothing to do with the CCH board or simco mgmt.
Your community needs you! You need to become involved. You must attend the AGM in October/November 2010.
Being on a condo board can be very simple and enjoyable!
After all it is your savings account....your money. | ||
| What could happen ....if | Adding Fun | |
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In the news - what can happen when your reserve fund is severly under funded....
Anders Nielsen and Amanda Brown regret their decision to buy a $230,000 condo, after being hit with a $32,000 bill. Soggy condo owners face $10M repair bill Residents asked to pay thousands per unit he choice was simple for Amanda Brown and Anders Nielsen: Pay some of the highest rents in the nation, or sink that money into a mortgage instead. The couple chose the latter, buying a one-bedroom northwest condo for $230,000 and marking their first foray into Calgary’s housing market. Now they regret it. Brown, a 22-year-old student, and Nielsen, a 24-year-old oilpatch worker, are among 200plus condo owners hit with a repair bill of up to $10 million for their water-damaged homes. The owners of units in the 18year-old Edgecliffe Estates, a complex of several three-storey condo buildings in Edgemont, found out last week that a “widespread and systematic failure” in the units’ construction will cost them thousands of dollars. Brown and Nielsen will have to come up with $16,000 by the end of May — and another $16,000 by the end of May 2009 — to cover their share of the repair bill. <end> |
Simco Management ( http://www.simcomanagement.ca/condominiums.htm Telephone: (403) 234-0166 Fax: (403) 234-0172 http://www.condolivingmag.com/index_1.asp Condo Living TV! Mondo Condo TV show and site Condo life Reno links http://www.hgtv.com/hgtv/rm_home_ext_before_after/article/0,1797,HGTV_3731_1823167,00.html Condo Act - note http://www.servicealberta.gov.ab.ca/pdf/tipsheets/Buy_Own_Condo.pdf
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