Self-managed blocks?

PlsProvideAName

I recently viewed a flat that looked pretty good, and it turns out that the occupiers voted to kick out the management company a few years ago.  As a result, the service charge is quite decent for the size of the flat. Is there any sort of consensus on whether self-managed blocks of flats are good or bad?  Or is it impossible to tell until you're living there?

NameUnavailable

Leaseholders can't just vote to 'kick out' the management company, which is usually appointed by the freeholders (unless it's a shared freehold and they have collectively decided to drop management company?).

If it's not a shared freehold then the leaseholders might have applied for Right to Manage which gives them legal right to take control of the management. If they don't have this then the freeholder can decide to appoint another company at any time.

The terms of the lease/es must still be adhered to with regards to maintenance (it might state that the building must be redecorated every X years etc) and relevant checks made when due.

As long as someone has taken responsibility and is actually doing the things that need doing then self management is saving everyone a fair amount each year, but I would want to clarify exactly what the arrangements are as noted above.

dimbo61

I think you have answered  your  own question.
Reasonable service charge
Well looked after building and gardens, car parking.
Management company based miles away from the property  might charge £50+ vat to send out a letter.
If you have skin in the game you tend to look after your home. 
Same with buildings insurance, garden maintenance, Repairs and replacement.
How much is in the sink fund ?
What is the condition of the building ?
EPC ? 
Communal areas? 
Double glazing, Fire safety etc