Buying an apartment - You must watch this
Australian Property Investment Podcast - Hosted by Atelier Wealth
Overlooking details in a strata report may not seem like a big deal until you get hit with a special levy or an unexpected cost to fix something in the apartment block. Strata expert, Craig Baylis from Coastal Strata is our special guest on this episode to share his insights from his twenty years of experience.
Whether you are buying a unit as an investment or your home, you absolutely need to avoid the fatal mistakes made by unprepared buyers. In our discussion, we talk about what’s in a strata report, how to spot a dud and what makes a great strata building.
From property analysis to choosing and being selective about your strata agent, Aaron and Craig breakdown the essential next steps for maximizing your investment potential and ensuring smooth strata management.
Craig Baylis talks about:
02:54- Breaking Down a Strata Report
03:48- Predicting Potential Risk Factors
04:46- Are Strata Agents a Necessity?
6:38- Roadmap to a Strata Report
10:19- Craig’s Encounter with Cladding Issues
12:35- Distinguishing Common Property, Differentiating Responsibilities
17:00- By-Laws + Other Sneaky Technicalities
20:04- Strata Reports Vary Based on Buildings/Facilities
21:47- What Makes a Good Strata Manager?
23:33- Craig’s Final Thoughts + Outro
