- This topic has 1 reply, 2 voices, and was last updated 9 years, 9 months ago by .
-
Topic
-
A comment occurred to me prompted by a post elsewhere: It can be useful when advocating in favour of some expense to note how small a big number seems when expressed per unit. In our case with over a hundred units, some expense that seems a lot expressed as $X,000 can seem much less when it is pointed out that it is less than $X0 each. Eg. ‘Let’s spend five thousand dollars on improving this community facility, it will only cost fifty bucks each and be so much nicer. Even if you don’t use that particular facility, or any of the facilities, fixing them up adds a lot more than $50 to the value of your unit.’
-
Replies
-
In the case in question, $21,500 per year to manage 25 units is exactly $15 per unit per week for a year (plus GST).
But Peter is right, break it down and a massive figure can seem reasonable.
The proxy farmers (mostly retirees on fixed incomes) who run my building tried to cut concierge services to the bone, giving us a “massive saving” of $50,000 a year.
I campaigned against it, pointing out this represented a cup of coffee per resident per week while the “saving” would reduce the average value of our homes by about 5 to 10 percent, according to a top local real estate agent.
The move failed, the concierges survived and I have never been forgiven
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.
- You must be logged in to reply to this topic.