Strata Reports
What is a Strata Report?
A strata report is a crucial document for anyone purchasing a strata-titled property (such as apartments, townhouses, or units) in New South Wales (NSW). It provides detailed insights into the property’s strata scheme, including its financial health, legal matters, and maintenance history.
Obtaining a pre-purchase strata report ensures you’re fully aware of any potential issues, special levies, or disputes before making a decision. This comprehensive report can save you from unexpected financial or legal complications down the line.
Why do you need a Pre-Purchase Strata Report Inspection?
When purchasing a strata-titled property, you’re not only buying your unit or apartment but also entering into a shared ownership of common areas such as gardens, parking spaces, and stairwells. Without a strata report before buying, you might inherit issues such as unresolved disputes, maintenance backlogs, or financial challenges tied to the strata scheme.
A pre-purchase strata report helps you:
- Identify potential financial risks, such as special levies or upcoming repairs.
- Discover if the strata scheme has the funds to cover future issues or if special levies may apply.
- Uncover maintenance issues or past disputes that could lead to future headaches.
- Understand the insurance status of the building and any risks associated with it.
Download a Sample Report
Download a Strata Inspection Report to see how we evaluate the condition of common property areas in strata-titled buildings, providing detailed insights into maintenance, compliance, and risk factors.
What do our Strata Inspection Reports include?
Our strata inspection reports are designed to give you clear and actionable insights into the condition of both the property and the strata scheme. Here’s what you can expect:
- Financial Overview: We review the strata scheme’s budget, reserves, and any special levies that might apply.
- Maintenance History: A breakdown of past repairs and upcoming maintenance schedules.
- Legal Matters: Identification of any ongoing or past disputes, litigation, or claims within the strata scheme.
- Insurance Status: Ensuring the property is covered for potential risks and repairs.
- Building Condition: We assess the condition of common property areas like the exterior, parking spaces, and shared amenities, highlighting any potential issues.
The strata inspection report provides you with a comprehensive overview, so you can move forward with confidence in your property investment.
Benefits of Strata Report Services
Investing in a strata report offers numerous advantages, especially for those buying strata-titled properties:
- Informed Decision-Making: With a strata inspection report, you can confidently evaluate the property’s long-term financial obligations and maintenance requirements.
- Financial Transparency: Understand the strata scheme’s financial standing and avoid unexpected levies or maintenance costs.
- Legal Protection: A pre-purchase strata report helps uncover any legal disputes within the strata scheme, reducing the risk of inheriting unresolved issues.
- Peace of Mind: Know that your property is adequately insured and that the building is well-maintained, giving you peace of mind in your investment.
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Frequently asked questions
What areas do we service?
We provide strata reports throughout New South Wales (NSW), covering metro and regional areas.
What equipment do we use?
For strata inspections, we use thermal imaging cameras, moisture meters, and sounding devices to detect hidden issues within the building and common areas.
What is included in a strata inspection report?
Our strata inspection reports cover the strata scheme’s finances, legal matters, maintenance history, insurance status, and the condition of common property.
How much does a strata report cost?
The cost of a strata report depends on the property’s size and complexity. Contact us for a customised quote.
What’s the difference between a strata inspection report and a general property inspection report?
A strata inspection report focuses on the strata scheme’s financial and legal status, including shared property areas. A general property inspection focuses on the condition of individual units or buildings.
When should I get a strata report before buying a house?
It’s best to obtain a pre-purchase strata report before making an offer on any strata-titled property to ensure you are fully aware of any potential issues.
How does a pre-purchase strata report help in my property decision?
A pre-purchase strata report reveals any financial, legal, or maintenance issues in the strata scheme, helping you avoid unexpected costs or disputes.
How long does it take to get a strata report?
After the inspection, you will typically receive your strata inspection report within 24-48 hours.
Can I get a strata report for a property I already own?
Yes! You can request a strata report for your current property to assess the condition of the strata scheme and stay informed about potential issues or costs.