Hi,
My name is Amy and im reasonably new to the site. I am considering purchasing a IP in 6 months. Was just enquiring, if u purchase a unit/apartment, are u allowed to do reno's, eg painting/kitchen and carpets. Or do u need permission from Body Corporate? I have heard that they like all units to match so approval is need before making any imporvments to the property. Also, when u purchase unit, do u own the land also? Or just the structure? Any help would be great.
Thanks
You will definitely need body corporate approval to change the appearance or structure of the exterior. This would include, for instance, if you wanted to paint the exterior, add a feature to it, or install an airconditioning unit that meant a cable or box would be visible on the exterior of the building.
You should not require their permission to change your carpet! (Though if intending to do interior work such as plumbing, it'd be best to run it by them as this may fall under something they should handle).
re land; You own the land your unit stands on (easy to see in the case of a unit, harder for an apartment since there are many storeys worth of apartments all sharing the land), and a share of the common parts. Annoyingly you will be stuck with paying body corporate fees each year.
This document is a good read; pages 9 and 10 will be of particular interest to you.
http://www.consumer.vic.gov.au/CA256902000FE154/Lookup/CAV_Publications_Building_Renovation/$file/bodycorpinfo.pdfJacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Great, thanks so much for you help. Does sound like it would be a bit tricky if making lots of changes to the exterior of unit. I will def check out the website. Cheers!!
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