1800 767 266
150 Sydney Road Coburg VIC 3058 (Head Office)
Level 50, 120 Collins Street Melbourne VIC 3000
Level 13, 2 Park Street Sydney NSW 2000
All prescribed Owners Corporations over 100 lots or Owners Corporations who collect more than $200,000 in annual fees are required to obtain a Maintenance Plan Budget Report in compliance with Division 3 of the Owners Corporations Act 2006.
Preparing and implementing a Maintenance Plan allows owners to predict and budget for future maintenance expenses for the property. It allows the Owners Corporation to ensure that they have enough money saved to cover the cost of major works taking the focus from whether the maintenance is required.
Preparing a Maintenance Plan is an art; there is a fine balance between ensuring that all future expenditure is covered, to avoid unexpected special levies, and excessive allowances that impose unnecessary costs on owners. Roscon ensures that the owners’ funds are used in the most efficient manner, to keep levies as low as possible while ensuring the proper maintenance of the property. We strive to achieve a balance and ensure that adequate funds are available to cover major expenses, while avoiding the unnecessary build-up of capital reserves that owners could put to better use.
Please take the time to watch this three minute video on Roscon's Maintenance Plan Budgets.
At Roscon we continuously update our maintenance, repair and replacement rates using industry sources and privately-sourced pricing data, to ensure we deliver the most accurate expense forecasts. We maintain pricing data for all suburbs, towns and regions. This allows us to provide forecasts based on maintenance prices in your local area. Our reports include suggestions to lengthen the life and/or reduce the maintenance costs of items, which save you money.
We have completed tens of thousands of Maintenance Plans, for all types of buildings. Our experience ranges from duplexes, units, apartments to the largest residential, commercial and industrial schemes in Australia.
Our reports are compiled using our proprietary software that has been custom designed to calculate the most efficient possible use of your funds.
Below is a 10 Year Maintenance Plan Budget sample:
For further information download our Maintenance Plans Budget Brochure or contact Roscon on 1800 767 266.