Sign up to our e-NewsletterCall us on 1300 131 270

Capital Works Fund Assessment

 



What is a Capital Works Fund Assessment?

Capital Works Fund levies should be set at levels to suit each individual building depending upon the quality or image the proprietors want to achieve.

Tyrrells are well known for their plain English reporting of the usually complex technical information. We can inspect the property and can provide a clear picture of the overall requirements for future spend on maintenance and repairs.

Who does it?

Tyrrells Building Consultants who have a building or architectural background and strata maintenance experience. They assess the components of your building individually and realistically. This generally results in reduced long-term maintenance costs.

How long does it take to prepare?

A written Report is available within 5 - 10 working days of inspection.

Aim?

To provide the Scheme with a recommended levy which you can allocate to future maintenance and replacement.

Too often we see levies being set arbitrarily high. For example,
  • an aluminium roof will NOT need replacement like a zincalume roof. And spot corrosion control of rusted steel can extend the life of the same zincalume roof by up to 20 years
  • fitting cheap weather protection to the top and bottom of external solid core doors can extend their life indefinitely.

Which types of properties are inspected?

Strata or company titled properties where owners are responsible to keep the property reasonably maintained.

Why use Tyrrells' Strata Division for Your Capital Works Fund Assessments?

Tyrrells will strive to provide you:
  • Large database with thousands of records of property maintenance work to check and guide all findings and assumptions
  • Careful condition based assessment of the building components
  • Comprehensive Sinking Fund Assessment and financial forecasting software
  • Plain English, easily understood and actioned Reports
  • Advice so you can control and manage spend

Residential & Commercial Property Inspections Sydney, Newcastle, Wollongong, Central Coast, Blue Mountains

Copyright © 2018 tyrrells.com

Web development by Jordan Green Designs