Increasing the property value of your body corporate involves strategic planning and collaborative efforts from all members. By implementing these strategies and fostering a collaborative approach within the body corporate, you can enhance the property's appeal, attract quality tenants or buyers, and ultimately increase its overall value.
Here are some key steps to elevate your property's worth:
1. Foyers and lifts in high-rise buildings should be kept clean and tidy and smell fresh. Adding a few inexpensive houseplants can make it feel like a very homely and inviting space. Post boxes should not be overflowing and any unwanted junk mail or mail should be quickly disposed of and not left littering the area.
2. Items in communal areas that are broken or obviously worn out should be repaired or removed and discarded (or better yet - recycled).
3. Garden areas should be free from leaf litter and bushes should be trimmed and maintained in the outside common area.
4. By-laws adherence should be managed by the Owners Corporation/Body Corporate and things such as parking rules, animal management (no excrement in common areas), placement of air conditioner external units, patios and other external individual lot additions should be properly enforced with reference to a legal entity.
5. Communal lighting should be in good working order and broken bulbs replaced quickly.