How long does it take to get a Sinking Fund done?
Most Sinking Funds can be prepared within 2 weeks for a smaller Body Corporate or Owners Corporation.
On larger Complexes the Sinking Fund may take longer, simply due to the number of Units, the size and areas of the Buildings that make up the Body Corporate / Owners Corporation.
It may also take a little longer to get a Sinking Fund done if your Property was not in a metropolitan area, although we may be able to assist with this if it is required sooner.
Where there are known to be potentially major problems with the Building, whether they be Structural or Water-proofing Issues, etc… it may be advisable to get a Building Audit done to identify the seriousness of the problems. It would also assist to decide if they are Items for inclusion in the Sinking Fund or for separate Insurance Claims.
If an Annual General Meeting is coming up, it is a good idea to allow a bit more time for any discussions with members to take place about any possible contentious issues, before finalising the Sinking Fund Forecast.
To get a Sinking Fund Budget done for a Body Corporate or Owners Corporation, let us find you the right Quantity Cost Professionals to assist you with getting more accurate estimates, of anticipated future expenses.
Just provide your details in the box, on the top right hand side of your screen.
It could save you time, money and worry.