#25486
Jimmy-T
Keymaster

    Dudley

    You could put together a spreadsheet yourself with columns for the item, when it will need to be upgraded, what the anticipated cost will be then, and the amount per year that you need to set aside to have that money in the bank.

    If you are doing upgrades now, get the tradies to give you a reasonable estimate of the “life” of the work and just apply an amount for inflation (3 percent per year?) to get you to the cost next time around.

    Otherwise I feel fairly confident that if you went to OCN.org.au and applied to join the Owners Corporation Network you would find all sorts of stuff there that would be handy for you.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.