Hi all
I am in cooling off period on a 2 bedroom unit with 3 only in the complex.
Currently the yard is common amongst the 3 units. Having obtained the most recent strata minutes conducted 2 weeks ago the residents have agreed to approach council to have the yard divided amongst the 3 units with colorbond fencing.
My query is whether this sort of change will increase the value of the unit. I understand there will be costs associated. I trust this will increase the rental potential too?
The council municipality is Shellharbour City.
SWS
Common area backyard query
I am in cooling off period on a 2 bedroom unit with 3 only in the complex.
Currently the yard is common amongst the 3 units. Having obtained the most recent strata minutes conducted 2 weeks ago the residents have agreed to approach council to have the yard divided amongst the 3 units with colorbond fencing.
My query is whether this sort of change will increase the value of the unit. I understand there will be costs associated. I trust this will increase the rental potential too?
The council municipality is Shellharbour City.
SWS
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