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How Body Corporate Budgets Are Prepared in Melbourne
A clear budget is the backbone of good body corporate management. For Melbourne owners corporations, a body corporate manager with local market knowledge makes a real difference. They draft budgets, align fees with the building’s real needs while keeping the AGM process on track. This is why local Melbourne body corporate management matters. Body corporate budgets in Melbourne are prepared based on last year’s spending, routine maintenance and future maintenance needs. The committee and body corporate manager usually prepare the draft, then owners review and vote on it at the AGM. What Is a Body Corporate Budget in Melbourne? Your […]Read More
Seasonal Maintenance Checklist for Body Corporates
Whether it is a boutique four-unit block or a multi-storeyed residential complex, maintaining a strata property involves maintaining its residents’ safety, safeguarding the communal property whose market value may run into millions of dollars, carrying out emergency repairs from time to time, and tackling many other challenging issues. Here we present the seasonal maintenance guidelines for body corporates, which can help them to keep their strata in perfect condition. Body corporate management is much more than keeping the front entrance of the apartments clean or the lawns mowed. No wonder managing a strata property or body corporate management […]Read More
Body Corporate Rules Every Apartment Owner Should Know
Body corporate rules are binding on the apartment owners in Australia. Once you know what they cover and why they exist, they start to make a lot of sense. This guide is here to walk you through the basics, without the burden of legal jargon The apartment buildings are a bit like share houses, just with more people and a lot more money involved. When you have got dozens of owners sharing lifts, gardens, car parks, and hallways, you need some ground rules – otherwise things tend to get messy fast. In Victoria, owners corporations (the official name […]Read More
Benefits of Self-managing Your Small Strata Scheme
For small strata schemes, self-managing can be a more pragmatic and cost-effective option than outsourcing the management of the strata to outside managers or management companies. With self-management of small strata schemes, their management committees can not only save money but can also resolve the issues more quickly and can ensure greater transparency in the proceedings. Running a small strata scheme can sometimes feel like you are herding cats. Between keeping the common areas tidy, chasing up maintenance, holding meetings that half the block forgets about, and making sure everything is above board legally, it is no wonder that […]Read More
How to Reduce Body Corporate Costs Without Compromising Quality?
There are various effective ways to keep body corporate costs in check, which include reducing maintenance expenses, adopting smart energy-saving solutions, and reducing strata fees without compromising quality, among others. We are here exploring these and many other cost-saving measures for body corporates in detail. Nobody moves into a strata property thinking, “I can’t wait to sit through budget meetings and argue about the gardening contract.” If you are on a strata committee wondering where your levies actually go, you are not alone. Body corporate costs have a sneaky way of creeping up, and before you know it, the […]Read More
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