5 Tips for Successful Strata Living for Prospective Buyers

Written by Aara Jones
10 · 27 · 18
5 Tips for Successful Strata Living for Prospective Buyers

Living in a building complex, or strata is a unique experience with which only a few prospective buyers are familiar. Unlike a detached home, living in a building and being a part of a strata community means getting accustomed to a particular way of life. One in which being a lone wolf or refusing to take an active part in the community could significantly affect your lifestyle, your future, and your entire strata experience. In this article, we offer you some tips for successful strata living.

In reality, when you know what you’re getting into and are ready to embrace the strata lifestyle, this type of lifestyle can be fun, rewarding, and bring long-term happiness to you and your family. It’s no wonder then that more and more buyers are turning to strata complexes in hopes of finding their ideal place under the stars, so here are five tips that will help you ensure a vibrant future in the complex.

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Five Rarely Shared Tips for Successful Strata Living

Tend to Thorough Strata Research

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The road to lifelong residential happiness begins with meticulous market research. Now, it might not sound like a lot of fun at first, and sure, opting for the most beautiful complex smack in the middle of town might seem like a no-brainer, but making such a rash decision would be a mistake that could put your happiness and livelihood in jeopardy. This is why you must take the tips for successful strata living we are offering seriously.

Don’t let the fancy ads and soft skills that realtors use to sell the property to inexperienced buyers sway you. Rather focus on meticulous research of all appealing neighborhoods, stack them up against each other, and then proceed to inspect each before making a decision. What you might find in the end is that what you thought was the perfect residential complex is riddled with structural and organizational problems that would jeopardize your investment and long-term happiness.

Get Involved In Your Little Community

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This is one of the most important tips for successful strata living. Strata communities are living, breathing entities that thrive under the collective understanding, cooperation, and efforts of the residential body – you included. Understand that in order to lead a happy life in a strata community, you will need to contribute and become an active member of this collective. You can look at it as a sports team whose performance on the court depends on the cooperation and contribution of every member.

Given the fact that the success of this residential scheme depends on its tenants, you want to take the time to learn the ins and outs of the building, the bylaws, as well as how the tenant body and the owners’ committee operates in order to contribute to the betterment of the entire community. Being an active member will allow you to cast your vote, open up important discussions, and influence your future here for the better – so don’t waste the opportunity.

Understand the Balance of Duties and Responsibilities

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Again, the strata community is an active entity, this is not just a building in which everyone minds their business and avoids the neighbors. No, here, tenants have their rights and responsibilities, just as the owners’ committee has a duty to uphold the rights of every tenant, and a responsibility to ensure proper maintenance, growth, and progress over the years. This is also one of the best tips for successful strata living you will need to keep in mind.

For instance, strata managers are legally obligated to hire experts who will construct a comprehensive initial maintenance schedule in accordance with the local laws and regulations. This document will define the maintenance and upkeep of all common property assets. With that in mind, you as a tenant also have a responsibility to preserve the aesthetic appeal and functionality of every common area.

Inspect the bylaws before buying

Many buyers make the mistake of believing the bylaws will be your standard set of rules you can easily follow at all times. However, in reality, every strata community will have its unique set of regulations that might or might not appeal to you. It might sound like a tedious job, but it will be worth your while to scrutinize these bylaws meticulously and educate yourself on your exact responsibilities as a tenant, as well as the rights you’re entitled to. Remember, these can include provisions that could significantly affect your quality of life. Inspecting the bylaws before buying is one of the tips for successful strata living you must not ignore.

Prep Yourself for a New Kind of Lifestyle

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Here is the last of the tips for successful strata living but not least. If you have been living in a detached home and if you are accustomed to a private lifestyle, it is important to prepare yourself for the upcoming change. By no means should you expect anyone to intrude on your privacy, but you should understand that you would be sharing walls with your neighbors and that you will be living in a vibrant, often noisy setting. It might take some getting used to, but the long-term rewards will be worth the adjustment.

Apartment buildings are rising in popularity across the globe, and prospective tenants and homeowners are moving into the cities and their suburbs in search of a more active, vibrant lifestyle and more affordable living arrangements. To ensure a happy and vibrant future in your new community, be sure these tips for successful strata living guide you on the path of successful strata living.

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Aara Jones