Our Developer Consulting Team has assisted clients picking up existing projects to understand all strata implications.
From timing to delivery, have you considered what does the disclosed budget mean ? Is the budget realistic ? What exposure areas are probable ? What strategies can be implemented now to have positive outcomes ?
When purchasing distressed projects, completing due diligence around what strata provisions have been structured can allow forewarning of any challenges which may occur during the final delivery and registration period. Developers are protective of reputations, don’t let yours fall prey.
In the world of strata owners can speak loud and long if the first year budget does not go according to plan. Future sales can be put at risk if the first owners are not having a positive experience.
For other simple protection techniques with contracts contact our Developer Consulting Team on firstname.lastname@example.org or 55042015 for consulting on your project – we have strategies and processes that can identify challenges early.