Apartment For Sale In Nine Elms East, South West London

Consider long-term expenditure on projected improvements. Review management arrangements in detail too. Understand responsibilities of the homeowners' association for structure maintenance versus owner liability for interiordecor and appliances. Check contribution levels to building insurance and sinking funds which may rise yearly. Enquire about permitted alterations within units. Some have restrictive covenants regarding pets, renting, subletting or renovation works. Acceptable noise levels may differ from top floor versus ground units too. Consider possible work from home needs post-pandemic.  Factor in additional costs involved with flat ownership like ground rent, service charges and council tax rates. Service charges pay for shared facilities upkeep but amounts vary significantly in different developments and locations. Finally, conduct thorough property searches involving drainage, subsidence records and nearby development plans which may impact value or enjoyment in future. Apartment living requires compromises versus standalone houses so be realistic on any wish lists. Overall, diligence on unique apartment factors leads to well-informed purchase decisions.