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:
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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.
