Selling Houses Australia

Tips For Buying An Apartment

Apartments can be a great alternative to buying a house but how do you choose the best style for you?

Art Deco apartments are highly sought after for their ornate features but they are often more expensive.

60s and 70s brick blocks may be less attractive but often they have parking and outside space and they can be cheaper.

New builds may have all the mod cons but you’ll be paying for them.

Next, you’ve got to buy the place.

Many of the search elements for buying an apartment are the same as a house, but there are some that are specific to unit buying.

So here is a check list.

• Always do a strata search. This will tell you about any previous or proposed building works, outstanding debts and regulations.

• And be prepared that when you buy a strata title apartment, you’ll become a member of the body corporate and you’ll have to pay fees and charges for the common services and any maintenance.

• Check the title deeds so you know exactly what you’re getting or you could find that agarage doesn’t actually belong to you. And always check the measurements on the plan, or that little piece of garden you think is yours, may not be.

• And remember, buying into an apartment block means you’ll have less rights than when living in a house.

• All changes to outdoor areas are subject to a majority vote. So if you feel the need to express yourself, apartment living may not be the best choice.

To ask Andrew a question, click HERE

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Posted by Report
Thank you Andrew for this article, I would like to add a small tip while buying a home which is asking about future plans. Do research about the area that you'll buy your property in or ask your agent because real-estate agents are aware of any future plans that will happen in any area they’re selling property in because they use it as an advantage for the villa or apartment to increase its price. Future plans may be a hospital, bus station, or even a supermarket that is planning to open.
Thank you,
Marc A. Donald