Hi. I went to view a townhouse and the BC disclosure shows that the Body corporate sinking & admin funds were very low (about $15k). There are no major planned works for the next few years. BC charges are also very low.
I get that this is a low maintenance block of THs. But what happens if major work is required. Who foots that bill? Insurance?
The question I am asking (from an IP perspective), is it it better to buy a TH with high BC costs to ensure maintenance. Or a low cost TH?
I get that this is a low maintenance block of THs. But what happens if major work is required. Who foots that bill? Insurance?
The question I am asking (from an IP perspective), is it it better to buy a TH with high BC costs to ensure maintenance. Or a low cost TH?