What Is a Strata Title?

Strata title is an Australian innovation in property law that has been later implemented around the globe. It allows individual ownership of a part of a property. This means that instead of owning an entire complex or apartment, you only own a small portion of a larger dwelling.

Benefits of a Strata Titled Property

• Cost: One of the biggest benefits of this type of investment is it allows you to save on property investment. Owning property through a strata title typically costs far less than being the sole owner of a freestanding structure. 
• Property Upkeep: When you’re the sole owner of a freestanding property, you become responsible for its upkeep. Thus, a strata title lets you save on the maintenance costs of the property. 
• Use of Amenities: Strata titled properties share common spaces, which means they often include access to many shared amenities, including swimming pools, gyms, BBQs, shared picnic areas, and community centers. 
• Lower Insurance Costs: With strata properties, you are likely to end up saving a small fortune on insurance premiums as they are physically smaller than most freestanding structures.

Why Do You Require Strata Development Consultation?

With many confusing regulations that you have to adhere to, strata consultation services are a must. Not only do our services make sure you follow all the legal requirements, but they also factor in all possible scenarios while crafting your strata development plan. Our consultants make sure that you get back the maximum possible value on your investment.

What We Do

We offer expert strata management consulting services in Richmond that are designed to cover all of your needs. Our consultation services include:

• Interim operating budget
  We craft an efficient interim operating budget for your strata to generate the highest returns on your investment. This budget is designed to take all financial possibilities into account. 
• Bylaw tailoring
  All strata corporations can make bylaws that the residents are required to follow. Moreover, you’re required to follow the bylaws if you buy a strata title from a corporation. We help you and work with the strata lawyer to create efficient bylaws for your strata. 
• Set-up of strata buildings
  Once you’ve decided to develop a strata property, we aid in the processes involved in setting up the strata building, including tasks like the building’s insurance. 
• Project marketing
  We develop an efficient marketing plan for your strata property to reach the appropriate audience before other competing properties. 
• Deficiencies
  We help you make a deficiency plan that enables you as a strata owner to protect your property and investment while attending to any deficits.

Do you have any questions regarding our strata management services in Richmond? You can send them to us and we will get back to you. Alternatively, you can call us at 604-207-2002.