It makes sense to upgrade an older building to improve the value for residents. These five tips will have a complex looking more 2020 than 1990.
With so many new developments being flung up around our capital cities (and beyond), it can be difficult for older strata complexes to compete when it comes to attracting buyers and tenants.
Should you go down the path of retrofitting soundproofing to your strata complex?
At one time or other during our property journeys, most of us have lived underneath a floor-board owning, high-heel wearing professional, adjacent to a kid learning the trumpet or directly above the party-house from hell. Without good soundproofing, these can make living very uncomfortable.
Blockchain is the latest technology buzzword. While many associate it with Bitcoin and cryptocurrency, the potential of the blockchain and smart contracts is being realised across many different industries from finance to the food-chain. For the real estate industry, the concept of a smart-contract, could be revolutionary, and for those opposed to change, not in a good way. Smart Contracts 101 The majority of contracts are paper based and filled in by hand or on a computer.
Managing strata rolls can be a great strategy to generate revenue and improve the value of your real estate business. Where a rent roll covers the leased apartments or homes you manage, your strata roll covers the management of entire apartment blocks, i.e. a Strata Plan. Your strata roll may include a mix of bijou buildings with only 12 units, medium size blocks and larger complexes with up to 200 apartments and car spaces. Managing a strata plan is a lot of work. The role includes organising garden maintenance, external cleaning and repairs in common areas.
With property values soaring (some Australian suburbs have risen by 50 percent in the last five years), many prospective homebuyers are finding themselves priced completely out of the market. Property has the potential to be an incredible financial stabiliser and is seen as a smart investment, however those who can’t get their foot in the door have no chance of joining the party. Or do they? A new ‘disruptor’ has recently been launched, which claims to put buyers on the ladder to home ownership with a starting price of just $100.
Download our guide to everything you need to know to prepare and sell your rent roll to get the best value.
