For the people who want to live a luxurious life and love staying close to the city, apartments are a good alternative and much cheaper as compared to the homes. But these apartments vary in relation to facilities and sizes and sometimes these apartments also seem to come along with hidden costs as well. Buying a luxury home in Melbourne also requires a few things to be checked and taken into consideration.
On the other hand, with a view to invest a few bucks as an investment in property along with getting luxury, you can consider apartments as your perfect first home in Melbourne. In this context, you can get in touch with Luxury home builders in Melbourne to see your dreams come true. With such amazing builders and expert architects, you can get your dream home designed in the way you want it to be.
Apart from this, we have also listed below the checklist or the factors that you need to consider before buying a luxury home in Melbourne. Let us have a look:-
1. Know about the strata fees.
If you are going to buy a luxury apartment, you are actually buying it into a strata scheme which is a system of ownership which sees individuals entirely own their apartments. Strata schemes charge their members the necessary annual fees, or ‘levies’, in order to cover the price of repairing and upholding an apartment block’s collective areas. Such fees also depend on the overall size of the structure complex and the facilities it includes including swimming pools and gyms.
2. Need to research your owners corporation.
If you decide to splash out on a property on a strata scheme, you are most likely to become an associate of an owner’s corporation. These legal entities have the power to inflict strict rules on pet ownership, noise and proper use of common areas, and so it’s really important to do the required homework on the owner’s corporation just to make sure that their rules are an excellent match for your standard of living. Some owners of corporations also have a need for a number of members to be present in the meetings regularly, while others are much more stress-free.
3. To check out the facilities nearby.
Before you finally purchase your luxury home or apartment in Melbourne; make sure you check out the facilities nearby. For example, if you own a pet dog, you may like to live around parkland or in an open area. Moreover, you may also want to have access to supermarkets, restaurants, bars or to a well equipped gym as well.
4. To look for parking space for cars.
If you are finally buying a luxury home for you in Melbourne; consider looking for parking space where you can easily and safely get your car parked. You should look for a unit which must have a designated car parking space.
5. Consider storage as well.
Apartment owners must also be knowledgeable when it comes to using space. A number of large complexes also offer easy access to the storage cages in the car park, but if you lack added space accessible on your title, just make sure to look into the nearby storage facilities. On the other hand, you can also try to get creative with a few simple hacks for storage purposes, or you can also flush out your bits and pieces before moving in.
6. Gain knowledge about waste disposal.
It is always a good idea to research what system your newly purchased potential home has in place. Waste and recycling procedures always differ between apartment complexes. A few use garbage chutes; others, traditional wheelie bins and some others are much more eco-friendly than others.
7. Know about short-stay accommodation and vacancy rates as well.
If you have finally planned to buy a luxury home to live in, consider knowing about how many units are vacant in the building and whether any unit is also being used for short stay accommodation as well.
So, mentioned above is a checklist and some of the factors that you need to consider while buying a luxury home in Melbourne?