Strata Capital Works Plan Template or Example Needed

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  resubaehtgnolhcs on 25/03/2022 - 12:25

  +2

  Can anyone assist with finding a basic list of items to inspect or a report please?

  If you don't know the list of items to inspect, best leave it to someone that does know (and does it for a living). Normally, your list would include all common area items and everything else that strata is responsible for.

  • 

    brad1-8tsi on 25/03/2022 - 15:00

    I know what I would look at. I want to know what is required.

    I've been doing asset inspection reports on large civil structures for the past 5 years. It's easy to get too carried away and go into too much detail.

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  tsunamisurfer on 25/03/2022 - 12:45

  At first I thought you wanted an excel template for the structure of a 10 year plan.

  Then I realised you actually want the list of possible items which then avoids having to do the plan assessment itself.

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  AndyC1 on 25/03/2022 - 12:45

  I would check out the https://www.nsw.gov.au/housing-and-property/strata page and ring up the strata number once you find it and ask if they have what you are looking for or where you could get one for free or for a low cost.

  • 

    AndyC1 on 25/03/2022 - 12:56

    A good page to look at is:
    http://www.strataman.com.au/levies.html

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  Stewardo on 25/03/2022 - 12:50

  +1

  Maybe get some insurance first, before you prepare a report, incase the neighbours sue later on, due to damage incurred due to strata following a unqualified report.

  • 

    AndyC1 on 25/03/2022 - 12:55

    OP will do allot better job than most strata managers I have seen or dealt with. The 10 year plan is for budgeting to ensure that the strata has enough money to cover the expected/anticipates expenses over a 10 year period.

    The plan cannot damage anything apart from causing special levies to occur, which happens allot and is why the 10 year plan is now recommended.

    • 

      Stewardo on 25/03/2022 - 13:09

      +1

      The way I read OPs post was the strata manager had recommended they engage a QS to provide a sinking fund forecast. At a cost of $3000 ($375 each)
      The QS would have indemnity insurance and qualifications to provide a report. OP no doubt has plenty of knowledge but could run into issues later with other owners if they feel that his unqualified report wasn’t in their best interests.
      These sorts of things often end up in conflict, that’s why you have a strata manager.

    • 

      brad1-8tsi on 25/03/2022 - 15:27

      The plan cannot damage anything apart from causing special levies to occur,

      The lack of a plan is why we are about to do a $17k levy.

      I'm not sure why others think this is a prescriptive document.

      The other neighbour was the builder/developer of the complex so he has a fair idea of costs and condition.

      I've been doing asset inspection, BOMs, work scopes, maintenance plans, etc on dam precincts and pipelines for 13 years. It's similar work with a lot less zeros in the price estimates.

      • 

        AndyC1 on 25/03/2022 - 15:50

        I agree 1000% with you and also why others think that you can get sued or are not capable of doing it. I wonder if the other people have not owned an apartment in a block of units that is not new (> 7 years).

        You have hit the nail on the head as to why and what the plan is for and are suffering because there is no plan.

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  garetz on 25/03/2022 - 13:58

  +1

  Are you sure you want to take on the risk and responsibility of making a mistake ? That would make you responsible for any mistakes in the plan and you could be financially liable.

  Considering you are not in the industry i wouldnt take that risk. You are much better off paying the few thousand divided by the 8 units, than taking 100% of the risk onto yourself.

  If anything goes wrong then strata would have no choice but to sue you, you would be very very adversely affected and potentially putting yourself liable into the 100s of thousands.

  Strata exists for 2 main reasons, to mitigate the risks to each of the owners, and to direct you on the correct course of action.