-Jun 8, 2022 By City Sales Ltd

The 6 things you need to consider when buying an Auckland city apartment

The 6 things you need to consider when buying an Auckland city apartment

When it comes to buying an apartment living, there are many things to consider. One of the most important factors is what you are buying for. Is it for you to live in or an investment property that you will rent out? Do you need a carpark? Are you buying for you alone or do you want a friend or flatmate to live with? Another key factor is the location of the apartment. You want to make sure that you pick a safe neighbourhood that you feel comfortable with. It is also important to think about the commute to and from work. If you are working in the city, you may want to live close by to avoid a long and expensive commute.

You also need to think about the cost of living in Auckland. It is important to make sure that you can afford the mortgage payments as well as the cost of utilities and other monthly expenses. Finally, you need to think about your lifestyle and what kind of amenities you need in your apartment.

Do you need a gym or a pool? Are you looking for an apartment with a view? These are all important factors to consider when making your decision. We hope to help point you in the right direction with todays post.

 

What are you buying for?

If you are buying an Auckland city apartment for investment purposes, you will want to make sure that it is a rental property that will attract tenants. You will also want to research the average rent prices in the area so that you can set your rent price accordingly. Each building complex has its own price range so be sure you compare prices correctly. Higher levels tend to appeal to tenants that have issues with noise levels. Particularly being in a growing, bustling city some people find the noise levels untenable.
It is important to remember that not all apartments in Auckland city are created equal and that you will get what you pay for in terms of quality and amenities.

Do you need a carpark?

Carparking is an important consideration when buying an Auckland city apartment, especially if you plan on having a car. Many apartments in the city do not come with carparks, so you will need to factor in the cost of renting a carpark if you decide to buy an apartment without one. Carparking can be expensive, so it is important to consider whether or not you really need a car in the city. If you do not need a car, then buying an apartment without a carpark will save you money in the long run.

Check the body corporate rules to make sure you can rent out the unit or put it on Airbnb.

What size do you need?

When it comes to buying an Auckland city apartment, one of the most important factors to consider is what size apartment you need. You want to make sure that you pick an apartment that is the right size for your needs.

If you are buying an apartment for yourself, you will want to make sure that you have enough space for all of your belongings. You will also want to think about whether or not you want a roommate or a flatmate. If you do want someone to live with you, you will need to make sure that you pick an apartment that is large enough for two people.

Costs to consider

When it comes to buying an Auckland city apartment, one of the most important factors to consider is the cost of living. The cost of living in Auckland is high, and it is important to make sure that you can afford the mortgage, body corporate and auckland council payments as well as the cost of utilities and other monthly expenses like utilities, internet, and phone service. You will also need to factor in the cost of groceries and other necessary items.

Check the body corporate minutes to avoid any surprises such as if the building has any major repairs, weathertightness issues or empty sinking funds.

And note that new apartments will generally cost more than existing Auckland apartments.

Amenities

When it comes to amenities, you need to think about what is important to you. Do you need a gym or a pool? Are you looking for an apartment with a view? These are all important factors to consider when making your decision and make sure you let your real estate agents know you want x facilities so they can shorten your viewing list down as there are many apartment complexes to choose from in Auckland.

Some other options the building might offer is guest car parking, swimming pools, communal gardens,

 

When it comes to buying an Auckland city apartment, there are many benefits and various things to consider before you can make an informed decision. You need to think about the cost of living in the city, the quality of the neighbourhood and the availability of public transportation. You also need to think about what size apartment you need, whether or not you need a carpark and what amenities are important to you.

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