The Benefits of Regular Maintenance for Strata Properties
Before you purchase a strata property, you need to ensure that your investment is a sound one. The easiest way to get this done is by having a strata inspection done before you sign any papers for the sale.
A strata inspection is done by a professional building inspector and then a strata inspection is written to give an account of the findings. Below we will discuss why strata inspection reports are needed, how they are compiled, and what the process of a building inspection entails.
Montano Strata Management is a strata management company with a difference, we can help you deal with virtually any strata issue that you may have.
What do strata inspectors do?
A strata inspection covers two aspects. Firstly, it describes the state of the building including common areas. Secondly, it investigates the rules and inner workings of the strata scheme to see if there are any clauses that may be problematic to the new owner. Most strata inspection reports also cover the agreement of sale, the operations of the strata title, and other intangible attributes of the property that is being sold.
Why are strata inspection reports needed?
Strata inspection reports are important if you are thinking of buying into a strata scheme. This is because unlike other properties, strata schemes have rules and regulations that you will be expected to abide by after your purchase. You need to be made aware of all of these before you purchase so that you are not found in breach of the rules unwittingly.
A strata inspection report will assure you that you are buying into well-maintained strata and reveal any maintenance issues the strata scheme may have.
What is included in a strata inspection report?
A strata report is an all-inclusive document that covers the different aspects of a strata title.
Included in the report will be:
- The strata scheme’s financial status
- The strata scheme’s budget plan
- The strata scheme’s forecast and sinking fund record
- The strata scheme’s current, previous and pending building works and defects
- The strata scheme’s legal disputes past and present
- The strata scheme’s by-laws and breaches
- The strata scheme’s owners’ voting rights and entitlements
- The strata scheme’s compliance with fire asbestos and WHS requirements
- The strata scheme’s current value
If you are looking to pre-purchase strata reports, give Montano Strata Management a ring today!
Do you have any questions regarding residential and commercial strata management? Are you looking to switch strata managers? Not altogether satisfied with the information you’ve been getting from your current strata managers? Don’t hesitate to contact Montano Strata’s qualified team today.