So you have done your research, completed your du diligence and now decided on a particular area in which you wish to make your off plan property purchase. Sounds like most of the hard work is already done. This may be the case but you still need to decide on which development and apartment within that development you actually want to buy.
For most popular off plan property developments, it’s a case of first in, best dressed. As a lot of these sought after developments are sold at launch events its crucial to not only be one of the first there but to also know exactly what you want and don't want in an apartment.
Here are some things you should definitely consider when deciding on your particular apartment:
- What is the size of the apartment and does it come with a functional layout?
- What are the room configurations and are they ideal?
- Is it facing towards the nicest aspect? What will be the view?
- What type and size of windows will it have? Will the apartment get plenty of natural light?
- Is it far removed from noise sources such as busy roads or workshops?
- Which floor is the unit located on?
- Is there a threat of future developments blocking the view?
- Exactly what is included in the apartment? Is if furnished and does it come with white goods?
Choosing the right apartment can make your purchase worth more than others in the same building and still cost the same amount. Getting this right will maximize any capital growth, make your particular unit much more salable as well as increase your rental yield.
When it comes to deciding on the development you wish to buy in there is just as many if not more factors to take into consideration.
Some of the more important factors to take into account when deciding on a particular development are:
- Development size. What is the total number of floors and apartments?
- Building design. What will the completed project look like and what materials will be used?
- What facilities and amenities will be available? Will there be a gym, pool, wifi in the building?
- What will be the parking arrangements? Will there be visitor parking available?
- What will be the building access points? Are these convenient and well designed?
- What will be the completed buildings proximity to other buildings and structures. Will these affect the building and how?
- What will the common areas look like? How many lifts will there be?
- What are the planned retail outlets within the development?
- Whats planned for the overall master development and how it will affect your chosen building?
At the end of the day whichever development you decide on it's important to be familiar with all aspects of that development. This will go along way in ensuring you not only get what you paid for but also what you expected.
