Looking to buy a condo in Kelowna? It's a fantastic option for those wanting to be close to downtown, Okanagan Lake, or in one of the many vibrant neighbourhoods. Condos are a great way to get into the market, have a summer home, or even as a rental investment. But before you make a move, here are 10 things to consider to ensure you’re making the right investment in your future.

1. Strata Fees: Strata fees cover building maintenance and amenities, but they can vary greatly. Make sure to review what’s included such as utilities like water, sewer and any upcoming fee increases.

2. Reserve Fund: Check if the strata has a healthy reserve fund. This money covers major repairs, and a low reserve might mean future special assessments. 2 common plans can be using lower monthly strata fees, but more levies when bigger things come up, or having higher monthly strata fees and levies are few and far between as the reserve fund is maintained to handle things that may come up.

3. Amenities: Think about what’s important to you. Does the condo offer what you're looking for—like a gym, pool, or rooftop terrace? Remember, these things can also have a significant impact on strata fees!

4. Pet Restrictions: If you have pets or are planning to get one, confirm the building’s pet policy as many strata properties have strict rules. This is an important point for resale as well, as you may not want to have pets, but your potential buyers down the road may!

5. Parking: Parking can be tricky in Kelowna, especially downtown. Ensure there’s adequate parking included with your unit, and check for visitor spots as well. Also, check if there is EV charger parking, as this will start to become more and more important.

6. Storage: Does the unit come with additional storage? Some buildings offer lockers or secure storage for bikes and recreational gear.

7. Strata Bylaws: Look into the building’s bylaws—restrictions on rentals, noise, pets, and renovations could impact your plans for the condo.

8. Location: Proximity to work, schools, transit, and entertainment is key. In Kelowna, being near the water or local amenities can greatly influence your experience and your market appreciation. Be mindful of louder roadways as well! 

9. Age of the Building: Older buildings may require more maintenance, while newer developments might have modern features but come with higher initial costs. 

10. Future Development: Check for any planned developments in the area, as construction nearby could affect your view, noise level, or property value.

Buying a condo is an exciting step, and with these tips, you’ll be well-prepared to find the perfect one in Kelowna. Whether you’re buying or selling, contact us today to help you navigate the local market! Also, use the home search tool on our website to help you start your search for a condo in Kelowna today!