If you presently own or looking to buy within a strata titled development for the first time, identifying a good investment is key! What components are critical to investing well? The first step for any astute buyer is to gain a clear understanding of your asset. In the context of a body corporate, this may mean acquiring an understanding of how body corporate budgets and annual levy contributions are determined? Acquiring an understanding of where Lot Owner versus Body Corporate building compliance or maintenance responsibilities start and end? Understanding the role of the Body Corporate Manager, Property Manager, Building Manager and/or External Letting Agent and yes, there is a big difference!
Whether you’re looking to buy within a small to medium size townhouse development or multi-storey, high-rise residential tower, possessing an understanding of caretaker/body corporate committee, day-to-day, building management requirements, body corporate financial management responsibilities, duties and functions is essential! You may also be considering nominating for a (voting) position on your body corporate committee but have no real idea where to start! Don’t wait any longer!
Strata Mastery are Building Compliance and Body Corporate specialist trainers. We deliver one-on-one, training sessions or workshops for those looking to buy or invest well in strata and or for those looking to nominate for their body corporate committee and actively protect their investment. Training sessions and workshops are held onsite, in the owner’s unit or local meeting rooms and are tailored to each students competency level and previous industry experience.