Great starter home. The benefit is that the strata lots can be built at a lower cost than a stand-alone house in the same area.
Many bare land strata developments are gated offering security to the residences. Apartment living means living in a community. Newer condos are accessible by elevators and have cameras installed throughout.
LOCK & LEAVE
Many strata corporation maintain the gardens and other common properties. You can pack your bags at any time without worrying about any outside yard work.
ACCESS TO MODERN AMENITIES
Many onsite facilities offer a gym, pool, games room, tennis court, on-site secure car parking, clubhouses and much more. Its similar to living in a hotel.
Depending on which floor and location, many units offer great views.
The exterior is maintained and repaired by the strata corporation and included in the strata corporation’s insurance policy.
NO YARD WORK
Many complexes maintain the yard, gardens and common areas which is included in your strata fees. No cleaning gutters, mowing lawns, weeding, cleaning windows, watering flowers etc.
Some complexes may include some or all the utilities.
MEETING NEW PEOPLE
Strata living creates opportunities to meet many new people because of the opportunity to socialize with your neighbors.
Strata properties are often located in medium to high density areas where you get immediate access to transportation, groceries, malls, restaurants etc.
Strata's can be an ideal arrangement for many single family owners. Strata owners generally enjoy a more carefree lifestyle, with less worry about individual maintenance and repairs. While it offers a great lifestyle, it may not suit everyone. Below we compiled a list of pro's & con's to strata living.