Things To Consider When Buying An Apartment Complex

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Things To Consider When Buying An Apartment
Complex
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• Buying an Apartment Complex is a Big Investment
• Hiring a Property Management Firm
• Check for planned developments in your area
• Make sure your apartment reflects good quality
  design principals

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Buying an Apartment Complex is a Big Investment

• When it comes to investments buying an apartment
  complex is expensive. Not only for the building
  but any upgrades or repairs it may need.
• Unless you are very wealthy, youre going to need
  financing to fund the project.

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Hiring a Property Management Firm

• Property management firms work with apartment
  complex owners to handle day-to-day operations.
• They do everything from screening applicants to
  collecting rents to maintaining the properties.
  You can also set-up a website and require tenants
  to make their payments and requests online.

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Check for planned developments in your area

• A river or water view can command a higher price
  but if someone builds in front of you and you
  lose your view you lose the ambiance and
  possible property value.
• It pays to speak to the local council about what
  is planned in the near future but ultimately
  the only way you can guarantee a view is if there
  is no other land in front of you.

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Make sure your apartment reflects good quality
design principals

• It is worth checking out the developer and
  builder online and seeing if they have won any
  awards or better still have testimonials from
  people who reside in their buildings and or/other
  developments. 
• Otherwise ask what aspects of the development
  meets design guidelines or better still ask the
  developer where they have exceeded the Australian
  Building Standards.

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THE MEDALLION
The Medallion Mohali is selling a luxurious
independent flat with a panoramic view. These
flats assure plenty of sunlight and good
ventilation.
919779927799
www.the-medallionmohali.com