eransh, if you have a budget that would help us determine, but having said that, I can give you my real world example. I actually bought that Keith Urban Night Star solid body electric, and it came with an excellent LOW action already. I didnt even have to have it set up. Right now I use Dadarrio 10 46 strings on it and it plays great. A great purchase for 200 only. In addition, I recently bought a Yamaha FGX 800 C acoustic electric that is great around a campfire with no electric and with an amp hooked up it works great. I also have Dadario 10 47 phosphor bronze strings on it. Both great guitars for beginner. Hope this helps. My humble opinion is that you can play that Strat you have now and if the action is good, and you learn on it, then move up to a Fender Standard Strat, or a Gibson Les Paul.