4 Tips for Fantastic Apartment Living

While living in a standalone home can be a fantastic way to raise a family, it looks like multi-unit complexes are currently on the rise. In a Housing Industry Association release from January, chief economist Harley Dale noted that multi-unit property sales were on the rise, and unlikely to stop anytime soon. So, with units on the horizon, it is time to take a look at some tips for getting the most out of the apartment lifestyle.

Get Off on the Right Foot With Your Landlord

While living in a standalone home can be a fantastic way to raise a family, it looks like multi-unit complexes are currently on the rise. In a Housing Industry Association release from January, chief economist Harley Dale noted that multi-unit property sales were on the rise, and unlikely to stop anytime soon.

So, with units on the horizon, it is time to take a look at some tips for getting the most out of the apartment lifestyle.

If you are renting an apartment, then making sure you have a good relationship with your landlord is key. You will be beholden to them for rent and maintenance, so starting well and staying in each other’s good books will make rent negotiations and getting things fixed much easier. Of course, their legal obligation is to complete repairs, but a healthy landlord-tenant relationship can reduce conflict around getting repairs done quickly.

The same goes for neighbours. Build a good relationship with those living next door and you may be able to avoid the noise conflicts that plague so many people.

Economize the Space

One drawback of apartment living is having less space than in a home. Before you move in, it might be time to get rid of possessions you do not use anymore, including appliances that could already be provided. Check if a fridge or laundry appliances come with your apartment first though!

Additionally, you may find that you have a common laundry or living space with others. Find out what you need, and ditch the rest. Speaking of which…

Amenities Galore

Living in an apartment can sometimes afford you the opportunity to use great amenities like a pool or spa, without the prohibitive cost that comes with buying or renting a home with one. All of the luxury, at hardly any of the cost.

The central location of many apartment blocks can also place you near parks and city attractions that you may not be able to find a home near.

Added Safety

If you live in an apartment block, a security breach is more than someone just climbing through an unlocked window. There are numerous possible security protections, with swipe cards increasingly the norm, many neighbors in the vicinity, security cameras and personal door locks. You and your belongings can feel incredibly safe with apartment living.

Choosing to buy or rent an apartment offers you a great lifestyle, and often one closer to the city than you may be able to get when looking for a house. Consider lifestyle preferences, and if the city life is for you, absolutely look into an apartment.

How Can You Afford to Buy a Property

Prices seem to be rising all around us. In fact, according to the last Consumer Price Index from the ABS, almost the only thing going down in price at the moment is petrol! And as we all know, one thing that just won’t stop growing in price at the moment is property. Sydney’s been leading the way for quite a while now, but lots of other cities have seen healthy gains too. But don’t worry! With careful planning, you too can get into a property – you just have to know how. Let’s look at how you can afford to buy a home.

How Can You Afford to Buy a Home

Prices seem to be rising all around us. In fact, according to the last Consumer Price Index from the ABS, almost the only thing going down in price at the moment is petrol! And as we all know, one thing that just won’t stop growing in price at the moment is property. Sydney’s been leading the way for quite a while now, but lots of other cities have seen healthy gains too.

It’s enough to make you think twice about whether you can afford to buy a home. But don’t worry! With careful planning, you too can get into a property – you just have to know how. Let’s look at how you can afford to buy a home.

By Doing Your Homework

Through careful planning with an agent, you might be able to find a property in your price range that suits you needs. For example, while not a majority, just over 10 per cent of Sydney’s sales last year came in at under $400,000 according to CoreLogic RP Data. This means that even in growth areas, affordable housing isn’t impossible.

Make sure to engage the services of an agent with expertise in the area where you want to buy, and take your time finding affordability.

We buy houses in Apopka Fl

By Thinking About the Long Term

If you’re buying a property and are worried about price, it’s important to think about where we sit historically. For example: According to data from the Real Estate Institute of Victoria (REIV), the median price of a home in Melbourne in 1966 was $9,400! Now of course, inflation will have it’s part to play here, but what’s important is that prices are constantly on the rise.

In fact, in the almost 50 years of REIV data, prices only had an annual decrease seven times. This means that if you buy a home, you’re likely to continue seeing capital gains for the long term. So if you consider where you’ll be in 10, 20 or 30 years, the benefits of a home surely outweigh the costs.

There are many other ways to make living in a home affordable as well: Picking areas like Tasmania with low prices, making sure you get a First Home Owner Grant when you can or even going the long route and buying land to begin with.

No matter which path you take, make sure you get the right advice for it – be it buying, selling or investing in your future.

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