Property Investment Tips: Things to look for in a central city apartment

By the resi financial blog team, 13 May 2014

What to look for in a central city apartment

If you're considering property investment in a central business district area - in the heart of Sydney or Melbourne, for example - chances are you'll be looking into apartments and units. These properties are great for smaller living areas due to the tendency to build up, rather than out. And as medium density dwellings become more popular, jumping on the bandwagon now could be lucrative in the future. 

However, if you're new to the investment game, it could be difficult to narrow down exactly what you should be looking for in an investment apartment. Here are some things to be on the lookout for during your property search. 

A room with a view

One thing people love when looking for inner city accommodation is a room with a view. Being able to look out on something other than apartment buildings is a sought after characteristic for medium density dwellings. 

But it's not only due to the view. Having a lot of windows around the place allows more natural light in, helping illuminate the apartment and  potentially  cut down on power bills due to the lack of necessity for lights. 

Enough room for activities

Just because the property is confined to a tower doesn't mean tenants want to feel like rats trapped in a cage. Giving renters the space to express themselves within their own accommodation will help satisfy their needs. 

This is beneficial when you find good tenants because it encourages them to stay living in the apartment for longer periods of time, allowing for extended amounts of income to come in from the property. 

Keeping it quiet 

Finally, apartments with soundproofing will be a hit with potential tenants. With the inner city tending to be louder and more bustling, an apartment that can cancel out these noises will be popular with those interested in renting units in the city. 

Categories: Home Loans, Property Investment