Have you ever considered the potential risks of Strata Complex defects? Defects in Strata buildings can significantly impact a building’s value, insurability, premiums, and even lead to some insurers deeming the building too risky to cover.
SVN | Strata are experienced in dealing with building defects, and believe it is crucial to be aware of them and address them as soon as possible to prevent long-term damage, maintain the safety and value of the property and avoid costly repercussions.
Defects in strata buildings are much more prevalent than you might think. Common building defects include structural defects, building fabric, waterproofing, electrical or plumbing faults, fire system faults, cladding, and roof coverings. Band-aid fixes are tempting, however, this can be more costly or hazardous in the long run.
Fortunately, compared to other states, WA offers property owners and strata companies considerable protection, it may not be perfect but we are certainly in a better position. Houspect discussed how in WA, we not only have the resources of the Builders Registration Board, the WA Building Commission, State Administrative Tribunal and Builders indemnity insurance, but also WA builders have a 6-year statutory warranty period. This is not the case in other states, such as NSW, where some property owners worry about the safety of their families and owners despair if their homes will ever be fixed – Click here to read more.
The advice from the SVN | Strata team is to be proactive rather than reactive. Don’t rely on ‘band-aid fixes’ but engage the expertise of qualified professionals and ensure you make the builder aware as soon as possible of any defects.
If you have any concerns about Strata complex defects, get in touch with SVN | Strata today. Our team are here to help and can provide you with advice on your potential options.
Sources for this article:
https://www.chu.com.au/news/6-common-building-defects-to-look-out-for-in-your-strata-property/
Strata Construction Defects – The Good, the Bad, the Ugly and the Very Wrong!
https://www.smh.com.au/property/news/patrick-s-apartment-block-has-defects-he-has-nightmares-of-being-buried-beneath-rubble-20230710-p5dn4h.htmldhow
