Comments on: Ceiling the deal http://www.flat-chat.com.au/?p=661 How to survive and thrive in apartments, townhouses and strata units Tue, 31 Aug 2010 05:10:25 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Conor http://www.flat-chat.com.au/?p=661&cpage=1#comment-938 Conor Mon, 07 Jun 2010 02:53:12 +0000 http://www.flat-chat.com.au/?p=661#comment-938 Hi - I live in the top floor of a strata building and my ceiling is common property, however I would like to remove it and insulate the inside of the roof instead, therefore increasing the size of the lot. Would this involve only a new by-law regarding amendment to common space, or would there be financial implications also (apart from architect, council approval and solicitor)? <strong>JimmyT writes: </strong> There is a formula established by the Supreme Court that goes something like this: take the professionally and independently estimated value of the property <em>after </em>the renovation, subtract the similarly appraised value <em>before </em>the renovation, from the difference subtract the cost of the work and legals etc and the remainder (if there is any) is paid to the Owners Corporation. Simple, huh? And yes, you'd need to pay the legals for having the special resolution by-law drawn up too. Hi – I live in the top floor of a strata building and my ceiling is common property, however I would like to remove it and insulate the inside of the roof instead, therefore increasing the size of the lot. Would this involve only a new by-law regarding amendment to common space, or would there be financial implications also (apart from architect, council approval and solicitor)?
JimmyT writes: There is a formula established by the Supreme Court that goes something like this: take the professionally and independently estimated value of the property after the renovation, subtract the similarly appraised value before the renovation, from the difference subtract the cost of the work and legals etc and the remainder (if there is any) is paid to the Owners Corporation. Simple, huh? And yes, you’d need to pay the legals for having the special resolution by-law drawn up too.

]]> By: James http://www.flat-chat.com.au/?p=661&cpage=1#comment-598 James Sat, 26 Sep 2009 00:32:43 +0000 http://www.flat-chat.com.au/?p=661#comment-598 I’m just reading the question in today’s SMH about painting a vermiculite ceiling in a unit. I did this about 10 years ago in a unit in Mortdale. It’s a lot of work and the vermiculite acts like a sponge and soaks up a hell of a lot of paint. I used a hired spray gun and simply went from room to room applying coat after coat. It was a bit of work but the final effect was fantastic. It brightened up the whole flat and the ceiling appeared a foot higher. Plus, it was a selling point when we eventually sold the place. I highly recommend painting a vermiculite ceiling. I’m just reading the question in today’s SMH about painting a vermiculite ceiling in a unit.

I did this about 10 years ago in a unit in Mortdale. It’s a lot of work and the vermiculite acts like a sponge and soaks up a hell of a lot of paint. I used a hired spray gun and simply went from room to room applying coat after coat.

It was a bit of work but the final effect was fantastic. It brightened up the whole flat and the ceiling appeared a foot higher. Plus, it was a selling point when we eventually sold the place.

I highly recommend painting a vermiculite ceiling.

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