Why Should You Hire Strata Consultant?
It is important for you to know the strata scheme you are buying, at the time of purchasing a particular share in the community and not only the unit. So, the pre-purchase Strata Records Reports is the entire records retained by the strata company. The details include boundary, behavioural, management, and financial information related to the entire strata company. Alternatively, strata building inspection reports just reports on the issues going on within the single unit.
Thus, before you jump to a conclusion, it is necessary to hire a qualified strata consultant to get the Strata Reports and even to understand its contents. Resorting to the help of the strata consultants and necessity for getting the strata reports before purchasing the unit, are both interdependent. Let us find out the reasons why.
i. Renegotiating For Favourable TermsWhile carrying out an inspection, the strata inspectors record and document the issues in need of significant funds later, like the lift replacements or roof repairs and more. So, you might be trapped in owning a huge amount of dollars in extra levy fees needed for repairs for the common property, much shortly after you have purchased. Hence, this entire information gives you the ground to renegotiate for more favourable terms, so you need the Strata Reports as the Strata Building Inspection Reports do not contain the information. Strata Consultants play a role to advise you on the number of negotiations you need to make.ii. Purchase WithdrawalStrata Records reveal the information regarding the other residents' behaviour, which significantly affects the living conditions within that unit. So, you get the option for purchase withdrawal and avoid the expensive matter. It is necessary to have this information as living in peace and safety after the whole day work is essential for healthy living environs. The Strata Building Inspection Reports do not consist of the information, so you need the Strata Reports and consult the strata consultants to receive the right information regarding the purchase.iii. Completing the Purchase At PeaceAfter receiving the entire Strata Records of the Strata Property, you get the much-needed peace of mind and confidence. So, you can complete the due diligence and be confident that you are buying the right Strata. You have the full information that the Strata Scheme is perfectly managed, it is appropriately financed and obviously harmonious. All these information are contained in the Strata Reports. Strata Consultant stays beside you since the beginning to guide you to follow the legal procedures.
Making a strata scheme purchase is a huge investment when you have to depend on the facts and reports and for sure the advice given by the strata consultants. It is not the time to depend on luck. The Strata Reports describe everything that you are purchasing before you make a commitment.
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