Not long ago, a co-op organization invested thousands of dollars in solar panels to reduce its electricity costs, only to see a taller building subsequently built nearby, that blocked the sun’s rays from the panels. While you may not intend to invest in solar panels, you can certainly see how important it is to know how neighbouring developments might affect your building and the value of its units – including the future saleability of your condo.
Likewise, it’s important to be mindful of decisions made by your condo board on your behalf, as they can affect the type of buyers attracted to your building, and the amount of money they will be willing to pay to live there.
the Smart Approach to Condo Conflicts
It’s unfortunate that one of the biggest drawbacks to condo living is also one of the simplest to address. Conflict resolution requires a methodical path towards fair and manageable conclusions. Yet, some buildings don’t rely on a standardized approach. If your building’s management team or board does not have a set policy for solving problems not addressed by corporation rules, urge them to develop one and revisit it annually. Fortunately, there are inventive, intelligent solutions.
For example, my suggestion is using principled perspectives when dealing with disputes, including the following tips:
1. Separate the problem from the people.
2. Focus on the best interests for all parties, not the positions of individuals.
3. Consider mutually beneficial options using objective criteria.
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