After spending some quality time in renting a house, you should stop wasting money on rent and instead invest in an apartment. So, if you are planning to buy an apartment for the first time, then you need to follow a checklist to verify before buying. Below is a list of things that you should be aware of before buying an apartment to avoid unpleasant surprises and invest carefully in the future.
Pointers to Consider
Consider these pointers carefully while buying an apartment, and you can never go wrong,
- First and foremost, choose the area where you desire to purchase the apartment. For this, you can either conduct research at home or visit the area and spend some time there.
- Before investing in an apartment, it is incredibly crucial to research the market as this will ensure that you enjoy absolute value for money. Get in touch with real estate agents and independent valuers and check the most recent sales that have taken place in the area. Most importantly you should not rely on an agent or developer’s advice.
- Check the different places and areas in and around Clayton and Monash to find an apartment that perfectly fits your criteria. This way you will have a clear idea regarding what your hard-earned money buys. To know more visit M-City – m-city.com.au.
- Check whether the apartment which you are interested in investing in has the needed facilities nearby such as gym, schools, hospitals, parks, public transport, shops and so forth.
- While choosing an apartment in Melbourne consider whether it is adjacent to live music venues, cafes and pubs and also the rate of traffic at the peak hour, as this may affect your lifestyle. For best results inspect the building during peak traffic hours or in the evening before making the final deal.
- Do not forget to inquire how old the building is. The building’s age indeed matters. Also, check is there any facility that demands replacement or repairs? The need of the hour is to obtain an engineer or architect report on that building before deciding to buy.
- Security plays an important role so check the security measures which the building offers. Does it have security cameras or good security guards? Buying an apartment is a significant investment, and you cannot afford to take chances here.
- Check whether your apartment has a balcony through which you can take pleasure of the sunrise or the mesmerising view or are other buildings blocking the view? Also, check whether your apartment is facing away from the sun.
- Do not forget about the maintenance charges. Often people tend to neglect this factor while investing in a new apartment. Generally, it will cover security, the garbage cleaner, expenses for the hired help, elevator charges, current electricity charges, water charges, assessment tax, property tax and municipal tax. Check the maintenance charge of the building and what it includes.
- Last but not the least, if you have a car check whether there is a car parking facility available and does it include any extra charges.
So, if you are all set to invest in an apartment in Clayton and Monash Melbourne do consider these valuable tips to make the best bet.
