› Flat Chat Strata Forum › Talkin’ ’bout a renovation › Balcony being enclosed = loss of view and sun › Current Page
19/11/2018 at 2:20 pm
#30768
You definitely do. Where we lived several balconies were turned into extra rooms which impacted the building and other owners in many ways. A legal firm produced an agreed compensation plan for all owners affected. It turns out even the strata scheme was entitled to compensation because of all the possible implications.
It was a win win situation for all as compensation was based on the increase in value of those apartments and not necessarily the day to day impact. As values ncreased by about 30% impacted owners received up to $40k(1 received $80k but other reasons were included).