Buying a three-bedroom apartment is a big deal. A 3 bedroom apartment attracts a different buyer or renter than someone buying a 1 or 2 bedroom apartment. A 3 bedroom apartment is something that is likely to appeal to families.
If buying a three-bedroom apartment for your family or as an investment to rent to another family, is something you are considering, you should continue to read below. We just wanted to outline a few pros and cons of buying a three-bedroom apartment for you to consider. These pros and cons are a comparison of why you might buy a three-bedroom apartment instead of a house.
Pros Of Buying A 3 Bedroom Apartment
One positive aspect of buying a three-bedroom apartment is that you may be able to afford to purchase in a more excellent location. Most apartment developments happen in the inner city and have great amenities around them. If you buy an apartment that is not on the ground floor, you may be able to get one with great views of your surrounding area.
Many apartment buildings have excellent facilities for families. They could include a gym, swimming pool, and entertaining areas. And the best part is that your body corporate fees cover making sure that these areas are kept clean.
You won’t have to leave your car parked on the street and risk it being broken into if you buy a three-bedroom apartment with a secure garage attached to it. If anything goes wrong in your apartment or the shared space, you don’t have to worry about chasing tradies. You can just call your Property Manager, and they will take care of everything for you.
Cons Of Buying A 3 Bedroom Apartment
It’s not all upside, though. There can be some downsides to purchasing a three-bedroom apartment. One of the pros mentioned above was the possibility of balcony views. This can become a con of apartment living if another development gets built next door, and you no longer have your prized views.
An apartment will have a body corporate, and this will come with its own set of rules that dictate what you can and do concerning some aspects of renovating your apartment. Apartmentsinadelaide.com.au notes there may also be rules about pets etc. so you may not be able to buy a dog for the children.
If you get into an argument with your neighbors, it may not be possible to ignore them. You may see them every day and, worse, end up stuck with a lift in them. The entertainment spaces in an apartment complex are universal.
You may want to use the gym when someone else is using equipment, or you may want to use a BBQ area when it’s being used by someone else. You wouldn’t have this issue of you were trying to entertain someone in a backyard in a home in the suburbs.
You are still thinking of buying a three-bedroom apartment. We hope this article has helped you weigh up the pros and cons of buying a three-bedroom condo. If you have any questions, please don’t hesitate to get in touch.
If you are interested in even more lifestyle-related articles and information from us here at Bit Rebels, then we have a lot to choose from.