Archive for July, 2010

No more sales talk

Thursday, July 22nd, 2010

Yes we are a managing agent but the purpose of this blog is to help you make informed decisions as there remains a lot of uncertainty in relation to multi unit developments.  This is not their fault as people traditionally never had to think about cutting grass in public areas or public liability insurance as it was the responsibility of the local council usually.  Things have changed however and management companies now look after the running of developments and unfortunately with this responsibility come the costs.  This is an obvious reason why the councils were eager to ensure that any new developments had management companies.   This does not mean you should pay over the odds for your services.  You are probably in the best position in years to negotiate costs with suppliers.  You should however make sure that they are not unfairly undercutting the market and then not in a position to live up to their obligations.  Ask for references and carry out a thorough check online also.  The internet contains a lot of references to service providers but try and keep a balanced view.  One negative comment doesn’t mean that the service provider is the devil incarnate but it might indicate an issue if it is repeated.

 

Got a question?  If so, we will do our best to provide the answer. www.blog.blockmanagement.ie or call Kennedy Wright 01 2871905 with no obligation on your part.

Why you should question your service charge

Tuesday, July 6th, 2010

If you are living in a multi unit development, you will be paying a service charge to the management company to look after communal areas and also for public liability insurance among others.  Whether you are selling or not, and you want to maintain the value of your property, you need to ensure that your management charge is as low as possible while maintaining the level of service.  The reality is that the higher your service charge the lower price you can expect to receive if you decide to sell.  With increaseing unemployment, higher service charges will also put your management company under higher financial pressure.  We have achieved signficant savings and successfully lowered the service charges for our clients in addition to a higher level of services provided.  Don’t take our word for it as we are happy to provide references.  If you are interested in finding out how you can reduce your management charge, call 01 2871905 or e mail info@kennedywright.ie