Purchasing within a body corporate can be an exciting journey, but it also requires careful consideration. Before you dive headfirst into purchasing a unit, it’s important to ensure that you’re well prepared. By following these steps, you’ll be better equipped to make a wise decision when purchasing a property within a body corporate.
When purchasing in a body corporate, take the time to explore and connect with the community you’ll be living in. Here are a few things you can do:
Navigating the ins and outs of buying into a body corporate can be overwhelming. Ease your stress by enlisting the help of an experienced solicitor. They will guide you through the process and ensure you make well informed decisions.
You have the right to inspect the body corporate records, and here’s how to make the most of it:
Understanding the financial aspects of your purchase is key. Consider these points:
You may want to consider checking out our Complete Guide to Body Corporate Levies to learn more about levies, how they are calculated, where they go, and what services they provide.
After the dust settles on your property settlement, don’t forget to notify the body corporate of your purchase. This simple step ensures that you will receive all correspondence and benefits that come with joining the body corporate.
This article has been taken from he commissioner for the Body Corporate and Community Management Act and looks at spending limits in a body corporate – both committee spending limits and major spending limits.
Australians love to renovate. Whether you’re in a free-standing house, where the possibilities seem endless, or navigating the nuances of living within a body corporate community, the desire to personalise and enhance our homes is there. This article covers internal renovations to a townhouse or unit and what you can and can’t do without body corporate approval.
