Six Traps To Avoid In A Body Corporate Investment

Trap 4: Getting stuck in the present
While it’s important to ensure the property is in good condition today, it’s also just as important to ensure that the body corporate has adequately planned for future maintenance expenses, such as painting. “Have a good look at the condition of the building and make sure that the funds in the sinking fund match long-term maintenance planned for the next few years,” Ferguson advises.