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House and Apartments forum
 Buying Apartment - What?where?how? |
 17.4.2009, 23:49
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#1
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 User  Group: User Posts: 29 Joined: 2.2.2009 Member No.: 4  |
Ok, i get that apartments are possibly easier to maintain as some of the shared areas would be looked after by nominated agent (or whateva these are called). Is the process of buying an apartment easier then buying a house or is it just the same?
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25.4.2009, 15:51
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#2
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 Senior Group: Administrator Posts: 115 Joined: 3.3.2009 Member No.: 36 |
As most apartments are leasehold properties, there is usually more paperwork for the conveyancing solicitors to go through making the process longer and at times more expensive.
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28.4.2009, 22:33
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#3
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 Senior Group: User Posts: 67 Joined: 2.3.2009 Member No.: 25 |
And because of extra paperwork, conveyancing fees would probably be higher when buying apartment or other leasehold property.
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27.5.2009, 21:17
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#4
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User Group: User Posts: 10 Joined: 19.5.2009 Member No.: 348 |
QUOTE (ivolga @ 18.4.2009, 0:49)  Ok, i get that apartments are possibly easier to maintain as some of the shared areas would be looked after by nominated agent (or whateva these are called). Is the process of buying an apartment easier then buying a house or is it just the same? There is typically more cost involved in the purchasing of an apartment as well as more paperwork and any repairs may prove more costly as well especially if a problem trickles down to other units. |
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16.6.2009, 9:54
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#5
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User Group: User Posts: 14 Joined: 6.6.2009 Member No.: 503 |
Do some research? Find out at what rate homes have been appreciating in the area you are looking in. Find out what the typical marketing time is to sell a home in the area. And last, but not least, find a professional who can help you make a sound, well-informed decision after assessing your goals and your financial picture.
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7.8.2009, 14:11
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#6
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User Group: User Posts: 20 Joined: 4.8.2009 Member No.: 637 |
Why you don't search in google from there you can get lots of sites with cheap prices
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8.8.2009, 15:41
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#7
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User Group: User Posts: 29 Joined: 2.2.2009 Member No.: 4 |
Hi, thanks for your replies so far. At present am more interested to know about the process of buying a flat rather than looking for one. If the process is more complicated and a lot more expensive, may rule this option out altogether.
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22.1.2010, 18:58
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#8
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New member Group: User Posts: 6 Joined: 15.1.2010 Member No.: 1057 |
QUOTE (ivolga @ 17.4.2009, 23:49) Ok, i get that apartments are possibly easier to maintain as some of the shared areas would be looked after by nominated agent (or whateva these are called). Is the process of buying an apartment easier then buying a house or is it just the same? hi ivolga, One thing that puts me off buying flats altogether is the service charge (never buy leasehold if you don't own the freehold!). It may be a couple of hundred a year when you buy the flat but if the lease expire the company that take over can jack it up without any real reason leaving you out of pocket and unable to sell! Buy a house if you can! Tim |
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6.4.2010, 15:54
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#9
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New member Group: User Posts: 3 Joined: 6.4.2010 Member No.: 1357 |
The status of the capital city of one of the most affluent countries in the world results in high prices. Thus, in the best parts of London the price per square meter varies from £ 8 thousand to £ 30-40 thousand. If you do not want to buy real estate in the capital of the United Kingdom, there is wide variety of flats to rent in London. But competition among tenants is severe. That is why, experts advise not to be slow, if you found the property of your dream. If there are no candidates to rent it, this points to the fact that price is too high or something is "wrong".
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