12 Essential Tips for Apartment Shopping Success

15 days ago

Apartment shopping can be exciting, but it’s crucial to have a clear plan to avoid costly mistakes. This is especially true if you're considering an off-the-plan purchase, where the final product may differ from expectations. Here’s a checklist to help you find the perfect apartment:

Choose the Right Suburbs
Focus on desirable suburbs that suit your lifestyle. Apartments are often more affordable in prime areas compared to houses, so don’t compromise on location.
Plan for Future Needs
Ensure the apartment has enough space for your future needs, whether it’s growing a family or accommodating a home office.
List Must-Have Features
Kitchens and bathrooms get most of the attention, but make sure the entire layout suits you, as changing floor plans isn’t easy.
Identify Apartment Benefits Over Houses
Apartments can offer perks like less maintenance, secure parking, or an on-site gym. Make sure your choice delivers the benefits you seek.
Check Developer Credentials
Research the developer’s track record, especially if buying off-the-plan. This can give insight into the quality of the building and finishes.
Feel the Vibe
If possible, walk around the apartment and the building. Assess noise levels, upkeep, landscaping, lighting, and accessibility, as these influence resale potential.
Prioritise Natural Light
Ample natural light is important both for comfort and resale value.
Hire a Lawyer, Part 1
Have an experienced lawyer review the contract and subdivision plan. Know what you own individually, collectively, and any fees you’ll be responsible for.
Hire a Lawyer, Part 2
If buying off-the-plan, confirm the plan is approved by authorities. Don’t put down money on an unapproved plan, as modifications could affect the property.
Consider Minimum Size
Apartments under 40sqm are often harder to finance, sell, and rent. Larger apartments are typically better investments.
Explore the Local Area
Ensure you’re comfortable with the neighbourhood and its amenities, and check for noise or structures like powerlines that may affect quality of life.
Understand Building Rules
Remember the “3 Ps” – pets, parties, parking. Confirm what is and isn’t allowed to avoid unexpected restrictions.

With these tips, you’ll be well-prepared to make an informed decision and find an apartment that meets your needs, now and in the future.