Real Estate - Melbourne, Victoria, Australia
A Strata Inspection Report may also be referred to as an Owners Corporation Report in Victoria and it is a vital report that a buyer should obtain prior to purchasing or bidding on a property to purchase that is strata titled, company titled or community titled.Purchasing a property is a huge financial investment, as such it is vital to ensure that you have done your due diligence to avoid any large unexpected expenses, repairs and stress with your new property.It is prudent that you allow in your budget a few hundred dollars to purchase a Strata Inspection Report from a qualified inspection company, who have extensive strata management experience and are able to provide you with the information you need to make informed decisions with your property purchase.It is essential that as a potential buyer you are informed of the governance and operation of the owners corporation, to allow you to understand your role and responsibility as a member of the owners corporation which is effective as soon as settlement takes place.A prospective buyer who has obtained a Strata Inspection Report is armed with the knowledge and power to manage the entire purchase process and negotiate on a suitable purchase price.