Typically, we often see recurring examples of maintenance costs within a strata development that can creep up and require substantial funding, such as:
- Maintenance and repairs to all common areas of the development.
- External re-painting or at best case scenario at least a full building wash down (additional add-on costs to execute this work can include scaffolding or abseiling).
- Repair, restoration or replacement of roofing, lifts, electrical wiring, pipes.
- Replacement of all glazed windows and sliding doors in older apartment buildings.
Avoid having to raise financially stressful special levies to meet non-planned expenditure. Contact the experts at Acumentis to assist in fund forecasting and budgeting for your strata property.