Capital Tips for Off the Plan Strata Buyers

If strata owners don’t really understand what they own [and don’t] in strata buildings, who a strata corporation works and/or what the strata levies are for after owning a strata lot for a few years, then what hope is for ‘off the plan’ strata buyers.

There isn’t even a building yet when they sign on the dotted line, just a drawing, a plan, and hundreds of pages of legal gobbledygook.

So, they could do with some helpful tips.

Perhaps, like this guide published by Access Canberra [in conjunction with the Owners Corporation of the ACT] called Thinking of Buying a Unit or Apartment off-the-plan in the ACT?

It’s simply written, easy to follow and contains useful information, explanations and questions for buyers, like:

• What exactly am I buying? Is there “a concept” or are there detailed plans?

• What are the developer’s rights and responsibilities, and what are mine?

• What facilities are on the common property, if any, such as a pool, gym or barbecue area?

And, frankly, it applies just as well to ‘off the plan’ strata buyers everywhere in Australia.

So, well done, Access Canberra and the Owners Corporation of the ACT.

Download [and share] the guide here.