Community Insights

The financial health of your community plays a crucial role in determining the value of your property. Whether you're a homeowner, investor, or prospective buyer, understanding this link is essential for making informed decisions and safeguarding your investment. 1. Maintenance and Upkeep A financially stable community can afford regular maintenance and upkeep of common areas, amenities, and infrastructure. Well-maintained properties enhance curb appeal, attract potential buy

In some instances, particularly in a macro environment where cost of living pressures continue to rise, an owners corporation may inevitabilty encounter a daunting situation where it runs out of funds to cover necessary operating expenses or significant annual expeneses such as insurance premium. To avoid lights going out, rubbish piling up or breaching the Strata Schemes Management Act, here are some of the options to restore financial stability for your community. Dip into

When diving into the world of strata, it's crucial to grasp the dynamics of strata levies, as they play a significant role in your ongoing commitment. However, the intrigue lies in the fact that not all strata levies are created equal. Low fees might raise a red flag, signaling potential issues with building maintenance or overall upkeep. In this blog post, Compass Strata unravels the mysteries surrounding strata levies, shedding light on why they differ from one building to