A well-maintained property can make all the difference. It creates an enjoyable space for residents and increases the value of your property during resale.

Throughout our many years in the industry we’ve seen the consequences that comes with a lack of planning combined with a poor standard of maintenance that results in buildings being not cared for properly, and in turn, losing value.

Below we have shared our top 3 tips that your Body Corporate should know about maintaining your property.

If You Don’t Maintain Facilities It Will Cost You More in The Long Run

Performing routine maintenance on the equipment at your scheme will maintain the equipment’s efficiency. If you do not properly maintain your equipment, the efficiency will decrease and in turn lead to a short life expectancy.

This will create a costly process for your Bodies Corporate as they will need to replace equipment frequently.

A Building Management System Can Improve the Value of Your Investment

Frequent transferring of caretaking agreements in not uncommon in Strata schemes in Queensland. A potential result of this activity is that the management of common property is inconsistent and inadequate to maintain common property in good condition.

A further scenario is that Bodies Corporate are exposed to unnecessary fines and legal action due to little or no regard being paid to legislative and compliance requirements.

The System

We tailor a system for your property that includes:

  • A photographic schedule of all of the elements of common property.
  • A comprehensive 12-month maintenance schedule.
  • A schedule detailing routine compliance activities.
  • A tailored logbook.
  • A suite of statutory template documents.
  • A template caretaking management report that is used to effectively report to the body corporate.

Benefits

  • The body corporate will own a professionally assessed and tailored building management system.
  • The system is a documented point of reference for both the body corporate and caretaker.
  • The system serves as a base-line method of operation regardless of who the caretaker or body corporate committee is.

We provide a complete assessment with a summary of our findings and a list of recommendations so that you, the body corporate committee possess an expert assessment to support your recommendations.

Along with our assessment, you will be better able to act in the best interest of your property.

Much is at stake, and if you have the knowledge, you are better placed to understand the strengths and weaknesses of your potential new caretaker.

Not Maintaining Your Common Area Can Have Health and Safety Risks

When living in a strata scheme there is more than just you and your family to consider. All owners are impacted by the decisions made in the scheme.

If your scheme decides to defer maintenance, living conditions can become unhealthy or unsafe. This can include conditions such as poor indoor air quality and on the extreme end of the scale, fire equipment failure in the event of a fire.

For your scheme to be safe and well-functioning it is imperative that all aspects of your facilities work efficiently and effectively.

Click here to contact Star BMS today to see how you can improve the value of your investment.