Off the plan apartment purchase is the alternative of buying the property before or while it is being built. Despite having to wait few months or even years for the delivery, real estate investors and savvy Brisbane apartment seekers prefer to buy off the plan.
Property inspections and reviews like the strata inspection reports are not required when purchasing apartments in Brisbane. Costs are shouldered by the buyer. Despite the additional cost, do not forego your only chance to look closer into the property you are buying. Defects and problems discovered after you’ve signed on the contract are yours and yours alone to manage. They are no longer open to negotiation with the previous owner.
Micro-homes, mini-apartments, and the off-grid trend is rising. More and more people are now opting the streamlined lifestyle of small-living. You can now easily find Brisbane apartments that are smaller and greener. Looking into its concept, there are advantages to downsizing your lifestyle. Minimal living costs, simpler lifestyle, and reduced personal carbon footprint are just some of the most notable benefits of going off-grid or opting for smaller homes.
However, there are also disadvantages to downsizing. It means doing away with some of life’s comforts. You can’t have your king-size bed, a breakfast nook and a formal dining room, or a room for your billiards table. Downsizing also means adopting a simplified lifestyle, moving to a new neighbourhood, and sweating it off.
Apartments in Brisbane are generally more affordable than houses, making it the popular first home choice. Apartment buildings also have the best addresses, often located within the inner city hub, in most dynamic city fringe neighbourhoods, and in upscale suburban areas.
Convenience is apartments’ strongest selling point. Condo towers and apartment buildings are either just few blocks away from business centres, schools, and parks, or is next door to a train station. Home maintenance is taken care of, amenities comes with the home purchase, and in some buildings the concierge service is available.
But not all apartments in Brisbane are built the same.
Many factors can affect your decision. It could be the look of the building, its reputation, the location, or maybe because your friend lives in it. It could be the right age restriction for you, or because you can bring in your three cats. Buying real estate property is a huge endeavour, something that you cannot afford to make a mistake on. Below are five important factors to consider when buying an apartment in Brisbane.
Can’t decide whether to go for the swanky high-rises or the quaint low-rise apartments? There are a whole range of apartments in Brisbane, from cozy low-rise, artsy mid-rise, and the condo towers. Every building has its own pros and cons. Low rise apartments are residential buildings not more than five storeys high. High risers are those that have at least ten storeys. Anything in between are classified as midrise.
Which apartment type is best for you? It depends on what matters to you.
What is the best home for first time home buyers? They can opt for a townhouse, land and house package, land only then build their own home, or an apartment in Brisbane. The ultimate answer depends on the individual needs, financial status, and lifestyle of the buyer. Given all things are the same, the sensible choice is the apartment. Here’s why;
It is common for condos and apartments in Brisbane to be sold before they are built. Selling starts as soon as building plans and permits are complete. Thus, you can buy a condo two, three or even five years before you can actually take possession. Why would you buy a home you cannot live in the next few years instead of one you can move in right away?