If you are buying into strata property, it’s important that you know the history. There are many issues that may come up as the new owner for you will be responsible for any defects, delinquent levies or the bankruptcy of a corporate body. You may even discover there are unresolved disputes over individual lots, adding to your woes as a new owner.
If you are buying into a shopping center, store of apartment buildings, your first objective is in uncovering the records of the previous owner. The owner’s corporation, or corporate body, is the governing body of the community that collects the levies for the general fund and decides how much should be spent on taxes, property improvements, maintenance, security and on a savings or sinking funds. Knowing how well financial matters were handled can save you from bankruptcy on your new purchase.
A strata inspections report includes the private, as well as the public records to inform you on the degree of solvency within the corporation and how well they managed their financial responsibilities in collecting levies, and in paying their bills and invoices on time. Your report will tell you if there are any outstanding debts, if the bills are all current and if there may be cause for substantial expenditures in the future.
Your OH&S Reports, or safety reports, will alert you to any issues that could create an occupational or safety hazard. The more complex the building you’re buying into, the greater the need for accurate, detailed information. Safety hazards are often related to inadequate implementation of fire safety controls, such as the need for more fire extinguishers, alarm systems or even sprinkler systems in large buildings. Other hazards can include non-safety glass, unsafe banisters and handrails, the presence of asbestos and even toxic chemicals in the soil.
Sydney Building Reports provide a 10–15 year maintenance schedule, with the costs estimate and budget required for each year. Sydney Building Reports provide information on sinking funds, building defects and OH&S Reports. Before investing in strata property, call Sydney Building Reports at 1300 131 270 for detailed information that will help you make a decision on the practical aspects of your investment.
We can provide a comprehensive building defects report identifying issuers of non compliance with the Building Code of Australia and Australian Standards for structural and non structural defects for Home Warranty Insurance and Building Claims.
Call us today to organise your strata inspection in Sydney on 1300 131 270.
Trusted by homeowners, vendors and strata throughout Greater Sydney.
Hi Craig, Your advice has greatly eased our anxiety about the matters raised in my emails regarding brick blemishes and mortar. Your advice and perspective as an independent building professional has helped us to decide that it may not be worth pursuing further with our builder (even if it means accepting that our new home […]
Thanks Joyce, and thank you also to your company. It is really stressful buying a house but your company was easy to find on the internet, easy to deal with and your inspector was really good in that he spoke with me in detail about his findings. We are now the proud owners of a […]
Hello Joyce, Thank you for sending these through and for all your assistance. It was great Craig was able to complete the inspection and report at such short notice. The good news is that we have just exchanged contracts so we are really happy we will have a new home soon. Thanks again.
Hi Joyce, Sorry it’s taken me so long to get back to you, but I just wanted to say thanks for assisting me with getting a building inspection done in such short notice. I was hoping you could pass on my thanks to the inspector, as he spend about 15 minutes of his time talking […]
Hi Joyce, Many thanks for sending the report through. And a big thanks to your team for getting the report done so quickly. Your assistance is greatly appreciated.
Hi Joyce, Many thanks to you and your team, we purchased this property and are now settling in.
Thanks very much Claire, I appreciate your help and assistance. Gabby, Craig and yourself have been just wonderful in assisting my elderly Mum with this unfortunate case.
Thank you so much, especially for organising my report so quickly for me.
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