This week, Michelle delves in to the world of strata. If you're looking for a property that is strata title, what should you be looking for in the strata notes?

HERE'S WHAT YOU'LL LEARN FROM TODAY'S EPISODE:

 

• Why it's important to get a copy of the strata notes;
• Where to start, and why looking at the funding position is key;
• Sinking funds/Capital Works funds, and why they're important;
• Strata manager rule of thumb guidelines to start with;
• Special levies, what have been charged to date and for what purpose;
• Sinking fund forecasts, why they're a good thing to look for;
• The executive committee, the history of the AGM's;
• Is the committee meeting its annual requirements (eg. fire safety compliance);
• Where things can go wrong with a new building;
• History of the builder;
• Websites to take a look at; And
• Understanding your potential share should you raise concerns in due course.

 

LINKS OR ARTICLES WE MENTIONED:

 

• Your Strata Property
• Strata Man

 

SPEAKERS IN TODAY'S EPISODE

Michelle May - Sydney Buyers Agent

Marcus Roberts - Mortgage Broker

 

ASK US ANYTHING!

 

• Have a money question you want us to answer? [email protected]

 

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