Strata living is now becoming the norm. Love it or hate it, population density is set to increase. Check out my list. Or you can visit the full detail in our Blog | Off the Beaten Plan – Strata Development
1
Don’t be seduced by glitzy artists impressions or models of the finished building.
2
Ensure that your marketing collateral accurately reflects the intended final product.
3
ensure that you let your client know early if your institution is able to provide such finance.
4
Check the developer has a good record of delivering what is promised in the plan.
5
Consider whether the apartment’s view or sunlight can be blocked by a future building.
6
Check the Sunset Date.
7
How much are the proposed strata levies?
8
Check the by-laws
9
Keep up to date on the proposed changes to strata legislation.
10
Check that you are entitled to off street parking or indeed an on street parking permit.
Kyle Lynch
