HATTON PROPERTIES
We base all of our decisions on the simple principle that we would be happy to live in the apartments ourselves.
Every layout, design and inclusion is personally selected.
Come have a look as we would be happy to show you around.
Regards
Lou & Sue
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The Riverwalk Residences Body Corporate
Life in an apartment complex can sometimes be just that ...complex! There are many buildings that have what we describe as the "bad mix". In other words a wide range of owners, tenants, on-site managers and tourists all with seemingly opposing requirements and points of view. This can often lead to continuous conflict and unhappiness.
We subscribe to the point of view that living in an apartment should be a happy experience and the body corporate should present opportunity for friendship rather than conflict. Accordingly we have specifically kept the number of apartments to a manageable level and avoided any issues that may complicate living.
In deciding to become part of the Riverwalk Residences community we sincerely hope that this vision will become a reality for you and living in the community will be a positive and happy experience.
So what about those fees?
Remember that by choosing to live in an apartment community you are seeking a maintenance free environment. This of course comes at a cost but we have applied our many years of apartment management to a responsible sustainable budget. This budget sets the groundwork on which the body corporate can build on to ensure that the building is kept in A1 condition for many years.
To help understand the fee structure we have included a comparison between house maintenance costs and the body corporate fees.
| Comparison Between Annual House Maintenance costs and Body Corporate Fees |
| Expenditure Item |
House |
|
Notes |
|
| Exterior repaint |
$1,000.00 |
|
$10,000.00 every 10 yrs |
|
| Fence Repair |
$200.00 |
|
$2000.00 every 10 yrs |
|
| Lawn Mowing |
$1,300.00 |
|
|
|
| Yard Maintenance less mowing |
$800.00 |
|
|
|
| Rubbish Removal |
$50.00 |
|
Tip or removal fees |
|
| Roof & Guttering Maintenance |
$1,000.00 |
|
$5,000 every 5 years |
|
| House Building Insurance |
$470.00 |
|
Quoted by AAMI |
|
| Pest and termite Treatment |
$350.00 |
|
|
|
| Exterior Cleaning |
$250.00 |
|
|
|
| External Power |
$50.00 |
|
|
|
| Security |
$2,000.00 |
|
Based on regular patrols or monitoring |
|
| General repairs |
$200.00 |
|
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| |
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|
|
|
|
|
| Total Annual House Maintenance Costs |
$7,670.00 |
|
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| Riverwalk Residences Annual BC Fees |
$4,293.49 - $5,176.00 |
|
Dependant on Unit |
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| Common Expenditure |
|
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| Electricity (internal use) |
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| Council Rates |
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| Water Rates |
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| Contents Insurance |
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|
Individual Annual Body Corporate Contributions
Lot 1 |
$4,293.49 |
Lot 2 |
$4,305.39 |
Lot 3 |
$5,116.47 |
Lot 4 |
$5,152.19 |
Lot 5 |
$5,152.19 |
Lot 6 |
$5,164.09 |
Lot 7 |
$5,176.00 |
Lot 8 |
$5,152.19 |
|
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