Asset Reports are at the forefront of Strata Titles Reforms and how they affect 10 Year Plans & Strata Condition Reports.
With the recent changes to the Strata Title Amendment Act (2018), we have partnered with Home Integrity Building Consultants to provide a comprehensive assessment of your Strata Building to prepare your 10-Year Plan & Condition Report.
It’s a distinct advantage to have Asset Reports & Home Integrity prepare your 10 Year Plan to avoid large variations in cost estimates.
Our plans are forecast to 20 years.
This will enable Strata Companies and Strata Managers to sufficiently estimate how much money should be held in the Reserve Fund. In our experience, a 10 year view is too limited in scope to account for major cost items such as roof replacement, painting and future upgrades such as solar panels, rainwater capture and maintaining the building’s aesthetic appeal.
One-stop shop.
It is important to have a detailed Building Maintenance Inspection performed by an independent Registered Builder and Structural Engineer to identify any major defects and safety concerns. Home Integrity Building Consultants provide an independent, unbiased assessment of the property. They do not provide remediation services so you can trust they will not inflate costs for their own gain.
We maintain our own up-to-date cost database and have access to rates and prices published in the quarterly Building Cost Index by the Australian Institute of Quantity Surveyors. This means you won’t have to go out to various suppliers and contractors for quotes - we have access to the industry pricing required to establish and maintain your Reserve Fund Budget.
