The fact that you are reading this page shows you realise the importance of paying attention to the management of your development.
After years of stagnation the housing market is now starting to rise but only by 2-3% per year and a long overdue building boom has created an abundance of choice for first time buyers. So it is now extra important to ensure your Resident Management Company (RMC) is delivering in the following key areas:
This should be the average for the area – too little and a buyer will suspect shortcuts are being taken, too much and he may be put off. A budget should be produced annually that clearly shows what the service charge is being spent on and should include a reserve fund for future large items of expenditure such as replacement lift parts or painting.
This is easy to assess, particularly during the growing season when a good schedule of maintenance will be most evident. There should be provision for future refurbishment or improvement of landscaped areas as shrubs and fences don’t last forever.
This is the part you can’t easily see and may only come to light at the later stages of the selling process. A RICS registered managing agent is required to adhere closely to the lease or transfer document for your property so you can rest assured that any question that arises during the conveyancing process will not derail your sale.
We offer an efficient and transparent block management service aimed at putting the power in the hands of the RMC shareholders. We push ourselves to excel in the fundamental areas of RMC property management including: