With more and more people looking to buy into a strata complex, there are a number of issues that buyers should know about strata living.
Living in a Strata Scheme is very much different to living in a house. Strata Complexes include such properties as Units, Villas, Townhouses and the like. If you have never lived in a Strata complex, the laws and responsibilities are somewhat different to those of owning a freestanding house.
Buyers looking to purchase into a strata complex should do their research and make sure they are fully aware of what it is like to live in a strata complex and what they can expect from living in such properties.
The NSW Fair Trading Department has published a great guide about Strata Living. The information in the booklet contains information that all buyers looking to purchase into a Strata Scheme should be aware of. The booklet addresses a number of issues, including:
