Strata developments refer to properties that share common areas such as staircases, access roads or parks. Most flats and subdivided plots in Australia have a strata title. In the article below, you will learn more about strata developments and the various considerations you should make when purchasing strata property.
How Do Strata Developments Operate?
By law, anyone that purchases a unit in a strata development automatically joins the owners' association. This is a body that manages and runs the strata development.
Property management can be a challenging task. More often than not, most managers are unable to align their goals with those of their clients (landlords). Read the extract below to learn how you can improve your property management practice.
Understand The Needs of Your Clients
Most clients will interview you to determine if you can manage their properties. However, it is essential to ask a few questions to understand how the client would want their property managed.
As far as you're concerned, that little bundle of feline fluff is a major part of what turns your house or apartment into a home. Unfortunately, not all potential buyers are going to see it that way; sure, you might get the occasional kitty-lover, but many people will be put off by the presence of a cat. If you have one, you really should think about getting a commercial cleaner in before you hold an open house or start walking people around.
If you've decided to purchase a new home and have asked a real estate agent to arrange a viewing of a property you're interested in, here are a few questions which you should keep in mind during your visit to the house.
Is it structurally sound?
Being able to spot the small signs of structural weaknesses in a property could save you a lot of heartache and expense in the future; if you purchase a house with serious structural problems, you could find yourself having to pay for major reparative work.
Mould and asbestos are very dangerous to your health, as they both can cause serious respiratory problems; in extreme cases, inhaling these substances can lead to cancer, respiratory failure and even death! This is why it's good to understand your options for having a home tested for mould and asbestos and your options for managing these substances in the home if they're found. Note a few factors to consider, and then discuss your situation with a removal specialist as needed.