Buyer Appeal Part 5: The Right Insurance Cover
Insurance is the Developer's responsibility for the first 6 months following a development?s completion ? so it?s imperative that the correct cover is taken out to not only protect the corporation and its new owners, but to avoid a $15,000 penalty for failing to take out cover. When it comes to Corporation Insur
Read MoreBuyer Appeal Part 4: A Healthy Sinking Fund
When a corporation is brand new this may seem irrelevant when in fact,?a healthy Sinking Fund?is another key point buyers look for. It?s important to plan in advance the major works that will likely need to take place in the first 5 ? 7 years and budget for them; exterior painting is often a big ticket item on t
Read MoreBuyer Appeal Part 3: Professional Body Corporate Management
Mention that your corporation is a ?self-managed group? and buyers almost instantly switch off. People want to live peacefully in their homes without the hassle of an owner who won?t pay their levies or one who is disrupting the enjoyment of others, so a third party to manage the corporation is a big plus. Not o
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