Are you looking to purchase an apartment soon (or down the line)?
Apartments are a lot more common in the major capital cities, especially Sydney and Melbourne. But regardless of where you're looking to buy, there are some particularly BIG issues you need to be aware of.
Today we're talking about the three most common mistakes that apartment buyers make, and how you can avoid them. We're going to share how you can create a plan to make sure you don't get caught out and so much more!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you'd like to talk with us directly, send us an email at [email protected]!
See you on the inside!
Episode Highlights:
• "What's on title" versus "exclusive use" [03:40]
     • Buying strata property [4:40]
• Lack of knowledge can cause you to make rash decisions [09:01]
• Don't just rely on the floor plan given - dig deeper! [10:15]
• Parking spaces & their value proposition in titles [11:40]
• How much can by-laws impact a property's livability? [17:22]
• The disclosure statement [23:24]
• Some examples of deal breakers [24:49]
• You don't want a building that gets hit with a fire order [26:51]
     • By-laws need to be created each time a building gets upgraded [28:02]
• A look at visitor parking provisions [31:52]
• Know what is and isn't covered by strata levies [34:05]
     • Understanding company titles [34:41]
     • What's covered by strata levies? [36:43]
     • How are these levies forecasted & calculated? [38:02]
• Stratas can be a great place to live in [43:07]
Links from the Show:
• Check out our Where to Buy Workshop!
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

How ready are you to buy your first home?