Managing a body corporate involves keeping your eye on a lot of different things. There is a lot more to it than just annual meetings and paying for the necessary maintenance, it’s the small details that make the difference between a valuable piece of property, and a financial disaster.
Let Mayfield keep you up to date.
There are many factors that can change unexpectedly, sometimes without notice. Legislation can change, council rules, contractor costs and many other variables, but it can be the unexpected ones that can cost you the most. Things that you may not have even thought of as potential issues can blindside you. For example:
August 2015: faulty electrical cable distributed around Victoria.
Between 2012 and 2013, over 900 kilometres of faulty electrical “infinity” cable was distributed around Victoria. This cable is used by electricians to supply mains power around buildings, and it has only recently that it was found to degrade rapidly, potentially causing electrical fires or creating an electrocution hazard.
Millions of metres of this cabling is used throughout the country every month without any problem, but if you happen to be an owner of one of the affected properties, the risk to your health and investment is considerable.
Taking prompt action.
Knowing that you have a problem is only part of the solution. Arranging inspections, assessments and (where necessary) replacement can be a major undertaking, but Mayfield take care of this for you. We know if you’re affected, as well as the best course of action to determine your risk factors and any required replacement.
We protect more than just your investment
So as you can see, this seemingly small detail that many people -even those in the industry- may not be aware of, can have a substantial impact on the viability of your investment, not to mention the risk of fire or shock that comes with it. This is where the Mayfield difference works for you to reduce the risks, both financial and personal, associated with your property.