Some community schemes pride themselves in having ultra-low levies, while others struggle to garner the funding to keep themselves afloat. Both situations are undesirable from a financial viewpoint, and there is significant value in keeping a close eye on your sectional title scheme’s admin fund budget and 10-year maintenance plan at all times.
The cost of maintenance for a sectional title scheme is commonly determined by its size, the current state of repair and the extent of maintenance required. To gauge these costs, the body corporate needs to obtain quotes from the relevant contractors.
The purpose of a retaining wall is to separate different levels of soil in a terrain intended by nature to be sloped. As a result of this natural tendency, there is a constant natural force behind the wall, putting pressure on the wall and trying to return the soil to its natural sloping state.