Strata Management Sydney | Financial Benefits To Gain

Juggling the responsibilities of a Sydney strata committee member can be daunting and overwhelming. Between managing budgets, enforcing bylaws, and overseeing building maintenance, ensuring the smooth running of a strata property is not much different from a full-time job. It requires strata committee members to stay on top of changing strata requirements at all times.

These complexities, coupled with a lack of flexibility and experience between strata committee members, can lead to a common challenge; spiralling costs. These costs do not just affect the strata committee, but strata property owners as well.

According to a report published earlier this year, an apartment owner was stunned to learn that he was charged $80,000 to have his apartment waterproofed and have the concrete spalling repaired. As a strata property owner, he was only given a timeframe of six weeks to settle the outstanding bills.

A study by the Strata Community Association NSW showed that building defects in newer strata buildings have been steadily declining since 2020. Leakage issues and safety systems remain the most common defects with strata buildings.

Emergency repairs, poor scheduling of maintenance works, and conflicts between strata property residents are some of the factors that contribute to a rise in unexpected expenses, which puts a strain on the strata levy budget.

Fortunately, there are experts in strata management in Sydney who can relieve the burden and responsibilities of strata committee members. With their expertise and vast industry experience, they can find various avenues to maximise cost-saving measures when it comes to managing a strata building. With the help of these experts, strata committees can optimise their cost-saving measures and avoid heavy fines and penalties, especially for non-compliance.

It can be complex for strata committee members to negotiate the best rates when it comes to strata utility charges, which include electricity, water, and waste removal. Strata managers leverage their industry expertise and professional relationships with service providers to negotiate more favourable terms for a strata building. They can also install eco-friendly solutions and energy-efficient items through the strata property to lower utility costs.

Accord is a leading facilities management provider in Sydney and throughout Australia. With a 30-year track record in building management, we provide a full suite of building management services to help your properties look pristine and well-maintained.

Our team of strata building management experts is armed with the latest industry knowledge, trends, practices, and tools to provide top-quality services, ranging from building management and maintenance to cleaning and grounds services, with the long-term goal of providing sustainability and a healthy environment for everyone.

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