There are cbd experts who do not recommend buying apartments in the heart of the central business district, as the area is overcrowded, and the cost does not always increase over time. However, knowing what to look for can eventually make an apartment in the city centre attractive, especially given the growing demand for space in our capitals. Here I have listed some important characteristics that should be paid attention to when choosing an investment property in the city center.
In recent years, CBD oil has gained immense popularity as a natural remedy for various health issues, including sleep disorders, anxiety, and PTSD. However, not everyone knows that investing in a CBD isolate apartment in the heart of the city center can also be a wise decision if done correctly. Here are some tips to help you choose the right property:
Consider the architect’s design. Supreme CBD apartments with architecturally designed exteriors tend to be more attractive to potential tenants and buyers. These buildings are less common and often charge higher rents and prices. Look for high-quality finishes and glazing outside to ensure your apartment stands out from the rest.
Take into account the noise rating. Living in the CBD can mean dealing with noise from the street or the apartment complex. Look for apartments with AAAC5 or 6 double glazing to reduce noise levels. Also, consider nearby establishments like nightclubs and restaurants that could cause disturbances. You want to ensure that you and your tenants can sleep peacefully without being disturbed.
Choose one that has a view. A great view is one of the most important reasons why tenants choose to live in the CBD. Look for apartments with plenty of natural light and good air circulation. A fantastic view can also increase the value of your property.
Look for a unique floor plan. Stand out from the competition by finding an apartment with a well-designed layout and plenty of living space. A parking space or garage is also a plus. You don’t want your tenants to feel like they’re living in a cookie-cutter apartment.
Ensure the apartment is spacious. The demand for living space is always high. Look for apartments with an interior area of at least 60 square feet, especially those with 2 or 3 bedrooms. This will attract families or individuals who need extra space.
Check the age of the building. New apartments may experience a drop in value in the first few years after construction. However, this usually stabilizes after 3-4 years. To avoid this, buy an apartment that’s at least 4 years old to overcome the stamp duty.
Determine threats to your view. Check the council’s website and surrounding areas to ensure that no new buildings will be constructed that could block your apartment’s view. Also, look for unused, unoccupied, or renovated buildings in the area as these could be targets for future development.
Beware of hidden costs. Some apartment buildings have excellent amenities, like swimming pools, concierge, and gyms. However, these features can increase operating costs, and you may need to raise the rent to cover them. Keep these features to a minimum or ensure that they don’t require significant rent increases.
Investing in a CBD isolate apartment in the city center can be a lucrative decision if you do your research and choose the right property. Keep these tips in mind to ensure that you make a wise investment.