Factors Pertaining To Strata Properties

Quite often strata properties are unduly help out to be inferior to green titles, whilst there are some basic fundementals it is important to realise that strata titled properties do have benifits that green titled properties can't provide.

Some questions you should ask yourself are:

Levies

Are the levies appropriate for the building and do the owners recieve value for money?

Reserve Fund

Is there one? Is it healthy enough? Are there any major works scheduled to be undertaken in the future?

Facilities

What common facilities are able to be used by all owners?

By-Laws

Are there any special by-laws inhibiting or restricting the use of the property and it's facilities?

A good document to have a look at is at the link below:

http://www.landgate.wa.gov.au/docvault.nsf/web/FOR_LG_Strata_Titles_3.03/$FILE/FOR_LG_Strata_Titles_3.03.pdf