Tony Cordato Property Lawyer discusses with Felicity Heffernan Mortgage Broker
Why is a 2 bedroom home unit or townhouse a smart buy, as opposed to a 1 bedroom unit or studio? We look at loan availability, sale ability, benefits of having a spare room.
What you need to know about strata title. We look at owning the airspace but not the walls, strata levies, scope for decoration and renovation, structural work.
The different loan availability for low rise, medium rise and high rise strata buildings.
Felicity's 10 tips for buying a strata unit:
- Where is the car parking space?
- How many home units in the block?
- How many are owner-occupied?
- Where are the rubbish bins?
- Has the building got a sprinkler system?
- How many lifts has it got?
- What amenities has it got?
- What else is happening in the area?
- What are the comparable established properties selling for?
- What are the demographics of the people living in the block?