Apartment for Sale in Banchory, Aberdeen

If you're looking to invest in property in Aberdeen, apartments are an appealing option that can provide both a home and potential rental income. Here are some key things to explore before purchasing a flat. Apartments in major cities like Aberdeen will naturally be pricier but offer proximity to amenities, transport and jobs. Consider noise levels near bars/nightlife, and research natural light and views.Understand differences between freehold flats, where you fully own the building footprint, versus leasehold, where you own a long lease from the freeholder. Newer builds may come with unexpected fees. Lawyers thoroughly check the title deeds and leasehold paperwork for covenants and any other obligations. Watch for potential service charges for maintenance. Inspect condition reports carefully to budget refurbishments, considering permissions needed. Materials like cladding become long term responsibilities. Research parking availability, either by permit zone or additional charges. Urban street parking fill up quickly. Check flat specifications like storage, broadband compatibility and green spaces. Buyer surveys gauge neighbor contentment levels. Enquire about any shared facilities condition, upcoming improvement works or replacement fund contributions required. Higher deposit options exist for buy-to-let flats versus owner-occupier status. Prepare rental valuations and yield projections thoroughly. Thorough due diligence considering all responsibilities and responsibilities provides peace of mind when buying an apartment to live in or invest through in Aberdeen's busy urban markets. An expert buyers' agent assists navigating unique ownership factors smoothly.