Strata and real estate
Your strata home or investment property is probably one of your greatest assets so you need to make sure you protect that asset by ensuring all maintenance and repairs are carried out when needed and that they have been correctly done. When the time comes to sell, a property that looks rundown and is in a state of disrepair never commands as good a price as a well-looked-after property. Also, this whole maintenance area can be a real trap for young players and, while most 'think' they are doing the right thing, they can be walking into a minefield......read on to understand why."
Careful planning is necessary before commencing any project and expert advice is especially needed for major works, such as
fire safety compliance
building facade repairs
cracking to walls and subsidence
uplifting of driveways and concrete areas
waterproofing and rising damp problems
carpet replacement in the stairwells
common property painting and maintenance
Improving your Strata Scheme
For older buildings, consideration should also be given to updating your scheme to improve its appearance and value by:
rendering the building's façade
renovating the foyer area
upgrading the landscaping
replacing the balcony and stairwell railings with a safer, more modern design.