She Renovates

209 - 10 Things to Know When Buying an Apartment

Informações:

Synopsis

This episode provides invaluable insights for young individuals or anyone looking to invest in an apartment. With the rising cost of freestanding houses, owning an apartment can offer greater control and autonomy over your living situation. Bernadette shares 10 essential factors to consider when purchasing an apartment, regardless of its size. She advises favoring older buildings that have stood the test of time, as some newer constructions have shown major defects. Smaller buildings, preferably under three stories, offer a more intimate community feel and are less prone to construction issues. Avoid buying off the plan, as it often results in delayed appreciation and inflated prices. Bernadette recommends stretching for a two-bedroom apartment for added versatility and potential income generation. A dedicated parking space is also advantageous in areas where parking is scarce. Outdoor areas and a desirable orientation (preferably north-facing) contribute to the property's value and appeal. She emphasizes