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Considering buying a strata property

I am considering buying a strata townhome which is about 35 years old. It's a 51 units complex and has a CRF of about $275,000 i.e $5392 per unit I suppose. Is that a healthy CRF per unit given the age of the building?

Also, In the last month's strata minutes, I am reading:

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Window Seals: A few owners have reported failed sealed units. There are no funds in the budget to replace windows as they show signs of failure. The Strata will have to consider a window replacement project in the future which would be a levy of the owners. Council would like to give notice to owners of the plan to vote on this project in the near future.

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  1. Should I be concerned about " There are no funds in the budget to replace windows as they show signs of failure."
  2. Will this cost/levy be attributed to owners of the units with leaky windows or everyone? - I am guessing everyone?
  3. Is there a way for this cost to be passed on to the seller in advance so that we will not have to bear the related costs as it already says "near future".
  4. Based on the language, does it seem like it will be a one time cost or increase in strata fee? If one time cost, what should I expect it to be?
  5. The strata fee is also set to increase 12% this year and was increased 5% last year. Is that a bad sign?

I'd love to hear your opinions and learn if this should scare me away. BTW, The strata fee is about $370 at the moment.

submitted by /u/simmiiee
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source https://www.reddit.com/r/RealEstate/comments/15e9bol/considering_buying_a_strata_property/
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