I've owned a townhouse in QLD for about 8 months now and I am on the Committee of the Body Corp. When I bought it, the body corp was managed by one of the owners, but was transitioned to a reputable Strata Management company shortly after. It's being run well now but I think the previous manager had no idea.
During this time I've owned it, it seems as though every 2-3 weeks a new issue is being found (guttering, firewalls, minor termite damage etc). On some occasions, we fix an issue for say unit 3, and then unit 5 will notify us they have the same issue which they want rectified.
I need to check what's left in the sinking fund but it must be getting low (I can't even keep track of all the current repairs - I get an email at least once a week).
I was thinking of suggesting to the Body Corp that we get a full audit on the whole complex so that we can:
- Identify all the issues which need to be rectified in the coming years
- Prioritise the order in which they need to be fixed
- Budget for these issues, and adjust our sinking fund contributions at the next AGM
It might also scare some of the other owners into selling me their units on the cheap
It seems like this would be a better approach than having issues being identified randomly, and then fixing them, and then having to get tradies out to fix the same issue with another unit etc etc.
Thoughts?
Cheers
During this time I've owned it, it seems as though every 2-3 weeks a new issue is being found (guttering, firewalls, minor termite damage etc). On some occasions, we fix an issue for say unit 3, and then unit 5 will notify us they have the same issue which they want rectified.
I need to check what's left in the sinking fund but it must be getting low (I can't even keep track of all the current repairs - I get an email at least once a week).
I was thinking of suggesting to the Body Corp that we get a full audit on the whole complex so that we can:
- Identify all the issues which need to be rectified in the coming years
- Prioritise the order in which they need to be fixed
- Budget for these issues, and adjust our sinking fund contributions at the next AGM
It might also scare some of the other owners into selling me their units on the cheap
It seems like this would be a better approach than having issues being identified randomly, and then fixing them, and then having to get tradies out to fix the same issue with another unit etc etc.
Thoughts?
Cheers