A clear and comprehensible 5-Year Strata Inspection Review, complete with an actionable plan for future maintenance and repairs, makes it easier for COOs to manage Strata complexes effectively.
Here are four important aspects to consider when choosing an inspection company for a 5-year Strata review.
1. On-Site Inspection by a Registered Builder
Ensure that the inspection is conducted by a fully qualified professional, such as a registered builder, who can accurately assess the condition of your property and identify present defects.
2. Detailed Scope of Works for Major Repairs within 5 Years
Your 5 Year Review should include a well-defined Scope of Works that outlines the major repairs needed over the next five years. Practical repair recommendations should be part of this plan, making it easier to expedite Requests for Quotes (RFQs) when the time comes.
3. Easy-to-Read and Apply Budgets
Ensure the final report is presented in a format that is user friendly. The information regarding upcoming expenditure should be clear and worded so that you don’t need to be a builder to understand it.
The report should highlight defects that require immediate attention, as well as those that might develop in the future and require funds to be repaired or replaced.
4. Industry Based Cost Estimations
A good inspection company will provide practical and cost-effective repair solutions with cost estimations that reflect the current and future prices of repairs and maintenance. This helps you manage expenses while ensuring the longevity and quality of your property.
BCI WA want to partner with you in preparing and managing your schemes’ property portfolio.
Feel free to reach out to us about preparing your property portfolio.