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WHAT IS A STRATA REPORT?

WHAT IS A

STRATA REPORT?

WHAT IS A STRATA REPORT?

While buying a home unit can be the most exciting experiences of a lifetime, it can also be one of the most stressful and emotional experiences of a lifetime. Pre-purchase strata reports provide the purchasers with the knowledge they need to make an educated decision on the purchase.

 

It is important to remember that when purchasing a unit that all owners within the building are responsible for of the issues within the complex, not just your own. For example, if the building is experiencing roofing issues or another unit is experiencing waterproofing failure, you as an owner in the complex are responsible for the rectification of these issues.

 

The small cost of the report could potentially save the purchaser hundreds of thousands of dollars in poor investments.

 

Put simply, strata reports basically provide a picture of what it is like to live in the unit or villa before the purchase is made. Everything from building issues to the animal policy of the building.

 

Our reports contain the following:

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  • The financial position of the building

  • Levies for the unit

  • Insurance details including details of any past insurance claims

  • A detailed history of past works at the building

  • Details of planned future works

  • If the building is involved in a Home Owners Warranty claim regarding building defects

  • The state of harmony in the building

 

The information contained within the report is simply invaluable.

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