Buying into a strata development can be a tricky affair. This is especially so for first-time buyers who may not know how strata developments work. Read this extract to learn about strata properties and the various considerations you should make when buying strata property.
What Are Strata Developments?
A strata development allows property owners to individually own a lot (typically their house) but share common property (staircases, roads, parks or swimming pools) with their neighbours.
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Most property owners have a hard time choosing a property manager. In the excerpt below, you will learn the various considerations to make when hiring a property manager to ensure you get value for your money.
Reputation
Most property managers advertise their services on the internet and social media. These are excellent platforms to evaluate their reputation. Besides, you should also seek reviews from current clients or tenants that live in apartments managed by the individual.
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