What is a Sinking Fund Forecast?
A sinking fund forecast is a document often used for Strata Management services. The document estimates the likely spend of a sinking fund in order to keep a building running over a period of time. This tells the Body Corporate what to charge owners as part of their fees to ensure that the sinking fund will have enough to meet any regular expenses and to avoid levies being raised unexpectedly.
Asset Economics’ Approach Sinking Fund Forecasts
Our approach to Sinking Fund Forecasts includes a close consultation and a detailed site inspection. We take the time to understand all of the requirements and provide a balanced outcome at a realistic cost. We use maintenance costing rates that are reasonable but not excessive, so that the Owners Corporation is not unknowingly contributing excess funds. Our reports include suggestions that lengthen the life and reduce the maintenance costs of items, saving you or your clients money in the long-run.
At Asset Economics, our team has years of experience developing sinking fund forecasts that accurately cover the expected costs of repair and maintenance. We start the process with a close consultation and a detailed inspection of the site, so we can gain an in-depth understanding of your specific property and it’s needs. We strive to provide a forecast which takes into account every relevant factor, using maintenance cost rates that are reasonable and not excessive, which results in a balanced outcome at a realistic cost. Our reports also include suggestions for prolonging the life of property components and mitigating their maintenance costs, which helps to save you thousands in the long run. Our team is driven to help you streamline your costs and boost the overall efficiency of your property management.
The Asset Economics team has successfully prepared over 4,000 Sinking Fund plans for all types of buildings. So, whether it’s a duplex or the largest scheme in Australia, we are more than capable of getting it done. Our team has over 10 years’ experience and over that time we have gained a thorough understanding of the legislative and practical aspects that should be included and classified as common property.
We are fully insured for $10,000,000 Public Liability and $2,000,000 per claim Professional Indemnity
Asset Economics Sinking Fund Forecast Includes:
- Cover page with a photo of the building
- Summary of the report
- 15 year spreadsheet detailing all requirements
- 15 year cash flow table
- 15 year annual total contributions table
- The first 5 years of individual lot contributions
- Summary of annual expenditure
For Body Corporate Managers we provide:
- An easy-to-read report to keep things simple
- Efficient communication so your time is not wasted with unnecessary contact
- Inspectors who are fully trained building industry professionals with decades of experience in report generation and project management