Investing in Apartments? Your Guide to Get It Right

Located in Bulcock Beach QLD within the front tower of the complex, Joanne Apartments for sale is admittedly a prime real estate. The 2-bedroom unit has a full kitchen, laundry facilities, and two private balconies with great views of the ocean.

The complex where the apartment is housed also has a pool. Living in the apartment is going to feel like a holiday every day.

joanne apartments for sale

Do you think these are reason enough to invest in an apartment?

While it does have the potential to be a solid investment, you should examine other factors that can have an impact in your investment portfolio. Because if you ask other investors, they might give their vote on investing in houses for sale Caloundra area has instead of a unit for sale Sunshine Coast area.

After all, it is a popular belief that land appreciates while buildings depreciate. This explains why many investors favor houses over apartments.

Then again, what works for one investor would not necessarily work for everyone else. What do you need to do then?

When investing in apartments…

– Get an independent valuation

Don’t fall into the trap of making a purchase decision based on emotions. Consult an independent valuer to give you a fair and unbiased assessment of the true value of a property. This is especially true for off-the-plan units where the prices could drop during construction.

Clearly, this will not be a problem with Joanne Apartments for sale. Still, an independent valuation would work to your advantage.

– Take note of ongoing expenses

If you purchase a strata report, you will know the various recurring costs that you’ll have to pay every month for a unit which will add up in the long run. Apartments with fancy amenities, such as a 24-hour concierge, gym, and swimming pool, are likely to have higher strata fees as well. So make sure to take into account these ongoing expenses when investing in an apartment.

– Compare different units

Shopping for a property for sale can become overwhelming and confusing, especially if you see 10 open houses a day. Because it is important that you compare apartment units before you invest in one, you should approach the process strategically.

Limit the number of units you view so you can keep track of each one of them. It would also help if you use a spreadsheet where you list the features and factors that must be considered. These should include the selling price, size of the property both internal and external, and the anticipated rental returns.

– Hire a buyer’s agent

Viewing properties can be stressful and time-consuming. Add to these other important things you need to do, and your shopping experience would be less fun and thorough.

A great solution is to use a buyer’s agent that will manage the property hunt on your behalf. They can also help with the negotiation and the property purchase itself. Suffice to say that they can free up a lot of your time and quickly find the right investment property for you.

Henzells Agency

Whether you’ve set your heart on Joanne Apartments for sale or a different type of property, Henzells Agency can provide you the assistance that you need. As a full-service real estate agency, they can help you find a real estate investment in Caloundra and the Sunshine Coast. Call them right now. For more information, visit us at https://henzells.com.au/find-an-agent/suburb-profile/bulcock-beach,4551

Post Author: Mitch Carley

Mitch Carley