I was born in England where the
terraced row house is one of the most generic forms of housing. There
are row houses, or townhouses, throughout Metro Vancouver but there is a
significant difference between UK row houses and what you find here.
In Vancouver, unless they are rental,
row houses are generally owned as part of a larger development. They are
strata-titled, and purchasers are members of a condominium association.
While they own their unit outright, the exterior walls, landscaping,
parking and driveways are generally owned in common.
In UK, the row houses are usually
“fee-simple” ownership. In other words, they are owned outright, just
like a single-family house, with a party wall agreement in place.
There are a few reasons why we have
not seen more fee-simple row house developments in and around Vancouver.
Firstly, they can cost more than a conventional row housing complex.
Instead of one sewer and water hook-up for the entire development, there
may be individual connections to every unit. I say there “may be” since it is legally possible to reduce the number of connections with cross-easement agreements.
There may also additional costs associated with the party wall construction. For many years, the Vancouver Law
Department questioned whether the legal agreements covering the party
walls between individual units were binding in perpetuity.
An early fee-simple development on
Cambie Street at West 33 Avenue, undertaken by the late planner and
politician Art Cowie, a longstanding proponent of fee-simple row houses,
had to have two walls separated by an air space.
A few years ago, the province changed
legislation so that the city lawyers could sleep at night and not have
to worry about this legal complexity. However, changes often come slowly
in the development community.
Forty years ago, a number of fee-simple row house developments were built in Burnaby and Coquitlam, which are still around.
More recently, Parklane Homes built
a fee-simple row house development in Langley as part of Bedford
Landing. A party wall agreement is in place and a services easement
agreement allows water supply and sewer pipes to cross over different
properties.
To prevent someone from painting their row house bright yellow, design guidelines are registered on title.
Aragon Homes,
another innovative development company, built a fee-simple row house
development as part of its Port Royal development in Queensborough, New
Westminster.
As noted, there are pros and cons of a fee-simple row house compared to a condominium unit.
The first pro is there are no common
area assessments. You are not paying someone to cut the grass or
maintain your home. You pay the maintenance costs as if you were living
in a single-family house.
Another advantage is that you decide
when to undertake maintenance or carry out major repairs. Unfortunately,
as evidenced by the depreciation reports that condominiums now have to
prepare, many strata councils put off necessary repairs in order to keep
monthly fees low.
There is also a sense of independence
that may be lost in a condominium. Fee-simple owners can paint their
front door red if they want without having to seek approval from the
strata council. They can also landscape their patio or garden as they
see fit. This is generally not possible in a condominium development.
The cons are the other side of the same coin. Firstly, there is no strata council to
arrange for maintenance or repairs. You have to do it yourself, and the
costs could be higher. You may not have the same degree of
control over your immediate neighbours. Unless there are design
guidelines in place, if your next-door neighbour decides to paint their
house black with orange accents, there may not be anything you can do. Similarly, if they decide to dig up their bit of grass and replace it with a play area for their kids, you will have little say.
However, as more and more baby-boomers
chose to move out of single-family houses, I expect there will be an
increased demand for individually owned fee-simple row houses.
Furthermore, many young couples who cannot afford a house but are
prepared to undertake their own maintenance may prefer this housing form
and tenure.
I therefore expect forward-looking
developers and homebuilders to build more of this type of housing,
especially if municipalities increase the amount of land zoned for
townhouses.
But that is another story for another day.
Subscribe to:
Post Comments (Atom)
10 comments:
Suggest a good website. Baccarat Web Bet Online Web casino website Baccarat Web vegus168 Football betting website ufabet football betting website vegus168 https://www.vegusbet.net/fifa55only/
https://www.vegusbet.net/
Nice Post
Check Me Out
Single Family Custom Built Homes In Burnaby
Awesome Blog
Visit Me
Single Family Custom Built Homes In Burnaby
Nice Post
Visit Us
Best Building contractors in Burnaby
Informative Blog
Visit Us
best custom home building company Langley
T Bhatia & Co. Inc. was started by Tarunjeet Bhatia, CPA, CGA in 2004 with a goal to provide exceptional accounting, tax and business advisory services, to corporations and individuals, throughout Metro Vancouver. The firm practices in all areas and specializes in not-for-profit, real estate and small business sector We are not a typical accounting firm. We do more than number crunching. We work closely with our clients and help them understand the financial information and assist them with decision making. We understand that each client has unique requirements and tailor our services to meet specific requirements.
Accounting services in Burnaby
Nice Post
Check Me Out
best construction companies in vancouver
Thanks for sharing
Visit Western Luxury
Best house building companies Langley
Post a Comment