Investing

What should I do to prepare for an open inspection? Everybody knows first impressions are everything. So when you open up the doors of your home to the public for an ope...
Read more

Is it better to buy an apartment or house?

  • Do your research to find out what the market demands locally.
  • Talk to a First National Real Estate agent to find out what’s popular in different regions.
  • If you have a location in mind, focus your research on what type of property is in demand, historically, in that area.
  • If you plan on building a portfolio of properties, a mixture of houses and apartments is a good strategy.
  • Some investors like to buy apartments because the Owners Corporation looks after the common property and overall building management. Some dislike Strata Title quarterly levies and the risk of ‘Special Levies’.
  • Apartments are usually less expensive so the answer may lie in affordability.
  • Some property investors believe apartments are too similar to one another and that houses offer more potential to differentiate and add value.
  • Investors who buy houses must bear 100% of the costs of maintenance whereas strata title and community title owners share costs.
Back to questions
AMO