About Property Condition Reports in Aged Care Facilities

When it comes to the physical state of Aged Care Facilities in Australia, how can facility managers be aware of the defects, potential risks or opportunities to invest in the condition of their assets, and save money in the longer term? This is the role of property condition reports in aged care facilities. 

Property Condition Reports act as a comprehensive assessment and valuable tool for aged care facilities, especially older facilities or those with recurring issues that drain resources. Accurate and up-to-date Aged Care Property Reports can provide specific data to aid with forecasting repairs, maintenance, and capital works over the preceding five years.

MDFM completes a building survey and drafts a dilapidation plan encompassing the building envelope, grounds, residential rooms, ensuites, and common areas at each facility. The assessment and report include an itemized defects list that is risk-rated, an estimated cost, and a suggested time frame for rectification and/or improvement as well as reference photos. The Property Condition Report will encompass non-destructive observations, aesthetic requirements, safety improvements, qualified non-compliances, capital improvements, maintenance requirements, budgets per item, risk rating, priority, FY budget allocation, and Capex or R&M allocation.

The Role of Property Condition Reports in Aged Care Facilities

  • Ongoing Implementation: A residential property condition report is typically implemented when a facility is being sold, purchased, or leased. In contrast, an Aged Care Condition Report should be utilized continuously, proving especially beneficial for asset audits and safety inspections.
  • Beneficiaries: The report extends its benefits to various stakeholders, including facility managers, owners, investors, and residents. It aids facility managers in prioritizing tasks and allocating budgets more efficiently. For owners and investors, it provides valuable information for making informed decisions about capital works and maintenance expenditures. Residents benefit from the assurance that the facility is safe and well-maintained.
  • Applicability: Property reports are not exclusive to aged care. They are versatile and can be applied to any property type, including commercial, industrial, and residential properties. However, aged care facilities stand to gain significantly from property condition reports, particularly those dealing with age-related challenges or recurring issues.

When does a property condition report get implemented?

A residential property condition report is typically implemented when a facility is being sold, purchased, or leased. Whereas an Aged Care Condition Report should be used ongoing and is especially beneficial for asset audits and safety inspections.

Who benefits from an aged care property report?

The report can benefit various stakeholders, including facility managers, owners, investors, and residents. It can help facility managers prioritize tasks and allocate budgets more efficiently. By identifying defects and risks, the report can help owners and investors make informed decisions about capital works and maintenance expenditures. For residents, the report can assure that the facility is safe and well-maintained.

Are property reports specific to aged care?

No, property reports are not specific to aged care. They can be used for any type of property, including commercial, industrial, and residential properties. However, aged care facilities can benefit greatly from property condition reports, especially older ones or those with recurring issues that drain resources.

In conclusion, property condition reports have emerged as an indispensable tool for aged care facilities. They offer valuable insights into the property’s state, empowering stakeholders to make informed decisions regarding repairs, maintenance, and capital works, ultimately ensuring the ongoing well-being of these essential care institutions.

 

Contact MDFM today for help planning or executing your Aged Care Property Condition Report