Strata Condition Reports and 10 Year Maintenance Plans in Perth, when done properly will greatly assist Council of Owners and Strata Managers to make informed decisions on maintaining their Strata Complex.
Strata Maintenance Reports, Condition Reports, 10 Year Plans, 20 Year Plans, Sinking Funds, Asset Registers and Defect Reports… the choice of which report or reports to commission can be very confusing. Not to mention expensive!
All these reports can be useful, but all contain vastly different information. Two of these reports are now mandatory under the new Strata Titles Regulations 2019 for Strata Complexes with a replacement value of more than $5,000,000. These reports are Condition Reports and 10 Year Plans.
Maintaining a Strata Complex to an acceptable standard to satisfy and benefit all residences and owners can be difficult and very frustrating for Council of Owners and Strata Managers.
Most Strata Complexes have limited or no understanding of the present condition of their Strata Complex and have inadequately planned for future maintenance. Large capital expenditure is also often underestimated.
So What Type of Report Do We Need To Comply with the New Legislation?
In Home Integrity’s experience, Sinking Fund Reports alone are extremely limited on useful information on the condition of the various building elements of the Strata Complex. Most are filled with endless tables and graphs that seek to explain future cash flow hurdles, but practically do truly little to capture and detail actual building related issues with solutions that both Council of Owners and Strata Managers can act upon.
In fact, if you read the fine print that accompanies many Sinking Fund Reports, they sometimes talk about the need to have an additional detailed Condition Report completed by a Builder and/or a Structural Engineer. In many cases most Sinking Fund Reports are not useful or practical for Council of Owners and Strata Managers to act on. This is mainly due to the lack of building experience of the individual actually completing the inspection and the inspection process they follow.
At Home Integrity Strata we believe with the Strata Title Regulations 2019 comes some good news for both Council of Owners and Strata Managers in the form of a Condition Report and 10 Year Plan.
What is Required in a 10 Year Plan?
Section 77 of the Strata Title Regulations 2019 is all about the Requirement of a 10 Year Plan. To produce a 10 Year Plan, a Condition Report must first be complied. Part 3 of the regulations lists 34 covered Items of value that may be included in the plan with respect to the Strata Common property anticipated to require maintenance. These items are:
(a) roofs and gutters
(b) walls (including retaining walls)
(e) windows, eaves, flashings, soffits and window sills
(g) foundations of buildings
(k) stairs and stair railings
(l) doors and doorways (including fire doors)
(n) storage or plant rooms
(o) fencing and gates
(p) balconies, railings and balustrades
(s) fire services, fire alarms and fire hoses
(t) air conditioning systems
(u) building and ancillary structures
(v) utility conduits and services
(w) garbage disposal
(x) hot water systems
(y) electrical systems
(z) post boxes
(za) security components
(zb) swimming pools, spas and pumps or filters
(zc) water bores and water tanks
(zd) back flow devices and pumping devices
(ze) car stackers
(zf) roof access safety equipment
(zg) solar and other sustainability infrastructure
(zh) disability access facilities
With a well-documented Condition Report, a clear and easy to understand 10 Year Plan can be generated. Both the Condition report and 10 Year Plan can dramatically change the way current and future maintenance expenditure is managed by Council of Owners and Strata Managers, or put simply “No Surprises”.
Home Integrity Strata have developed packages for Condition Reports and Maintenance Plans to suit any Strata Complex large or small:
- Older Strata Complexes
- Newer Strata Complexes
- Council of Owners who are looking to maintain their complex to a reasonable standard.
- Council of Owners looking to invest in cost saving / income producing initiatives.
Home Integrity Strata offers 3 unique packages. Silver, Gold and Platinum for Strata Condition Reports and Maintenance Plans.
Home Integrity Strata have the best team of consultants. We have an in-house team of experienced Registered Builders and Structural Engineers who understand building, complex building issues and know how to document these issues in plain English.
We have developed a system to either report on the detail that is essential to the Strata Titles Regulations Covered Items, or expand the scope of the inspection to include over 160 items to drill down to a level of detail the most fastidious Council of Owners would appreciate.
Through our partners at Asset Reports (Quantity Surveyors), Home Integrity Strata are able to forecast the Condition Report items plus other important building elements over a longer 20 years period giving great foresight, plus are able to value engineer work by working with the Council of Owners and Strata Managers on cost saving / income producing initiatives.
If you would like a quote on your Strata Complex, we can take care of everything fast! Email us on [email protected], or call the office on 08 6118 4942 or mobile 0420 803 292.