Could Strata Finance be the Solution?
The use of strata finance can assist strata properties to increase the value of their assets with upgrades to common areas and improvements to the building and surroundings. From a new coat of paint to modern transformations of common property and facilities, make-overs can smarten up a building and add value to any property. Strata finance with StrataLoans is beneficial to all sized strata properties and projects on all scales.
Riverview Apartments, Coffs Harbour
Jetty Strata Management recently utilised strata finance from StrataLoans on their Riverview project. The small apartment building of 10 lots in Coffs Harbour treated to a fresh render job and coat of paint to rejuvenate the exterior of the buildings in small stages. Contractors NAC Painting, Render Texture Paint and Novocastrian Scaffolding Coffs Harbour completed stage one which transformed the old, dated building into a modern, clean and fresh looking complex. The owners corporation were very pleased with the result and are preparing the finance for stage two works.
Carr Street, Coogee Beach
A project that excited the residents of 58-60 Carr Street, overlooking the exclusive Coogee Beach shook things up and got the suburb talking. The refurbishment project carried out by the team at Max Build included a full transformation of the building exterior including the extending of balconies to each of the units and improvements to the common areas. With the use of StrataLoans funding to complete the project, the value of the property has increased by 20% since completion according to building owner, Danny Dekker.
Beach Haven Apartments, Gold Coast
The strata committee of Beach Haven Apartments in Broadbeach on the Gold Coast recently took advantage of the services of StrataLoans. Carrying out a large-scale project including common area improvements and the replacement of their body corporate windows, doors and balustrades across 32 floors.
The installation of the glass doors, windows and balustrades throughout the 147 units has been carried out by local companies, Windowline, Quality Handrails and JSPM Project Management, who are experienced in working with body corporate and strata management teams to provide innovative solutions for mid to high-rise apartment buildings across Australia and have partnered with a number of strata committees utilising the services of StrataLoans. “This project gave this 35 year old building a modern and up to date look externally to suit the ever-changing Gold Coast skyline” says Beach Haven committee chairman, Phil David.
No matter the size of the building or scale of the project, StrataLoans can provide finance to fund works of all dimension. StrataLoans can assist strata properties with an unsecured loan, with no mortgage or personal guarantee required. Repayments are incorporated into owners quarterly levies providing the best strata finance solution in the market. Making improvements, financing repairs, installing energy saving solutions, upgrading or building new facilities, using strata finance may the quickest, most efficient and cost-effective way to have works completed now. Contact StrataLoans to discuss your strata loan options and how you can benefit from this funding solution.
This article was provided by Strata Loans