In strata living, a little planning goes a long way – especially when it comes to finances.
A healthy capital works fund isn’t just a nice-to-have, it’s your safety net for future building repairs, upgrades, and unexpected issues. Think roof replacements, major plumbing work, or lift maintenance – these things add up fast.
When your strata scheme sets aside funds consistently, you avoid:
- Last-minute levies
- Delays in critical repairs
- Financial stress for owner
- A well-managed budget = peace of mind for everyone.
It’s about planning for the future, not just patching things up in the present.
- Review your strata’s financial plan regularly
- Be proactive, not reactive
- Ask questions and stay informed
At StrataBee, we help strata communities stay ahead of the game – because smart budgeting builds strong communities.
Have you checked your capital works balance lately?
