Tisha Lee, director of K2LD Interiors and principal of K2LD Architects, provides her top tips for property buyers purchasing properties off the plan.
1. Invest in quality, reputable designers and developers
The purchase price for a higher quality apartment designed by a prominent architecture/interior design firm and backed by a responsible, well-regarded developer may be above average, but the short-term trade-off is worth the peace of mind you will have throughout the off-the-plan purchasing and settlement process.
Not only that, but should you choose to on-sell or rent out the apartment once complete, these are the apartments that will best hold their value.
2. Avoid fads, trends and polarising features
Whilst the bright coloured feature walls, monochrome tiling, elaborate backsplashes and fancy pendent lights may all seem very appealing at the moment, the truth is statements like this will date an apartment.
We’ve all seen the 70s homes with the floral wall paper and bright pink or blue bathtubs, though in vogue at the time these once charming accents make a property harder to sell and rent, in comparison to those with neutral pallets and natural materials.
3. Quality finishes and fittings are important
Whether you are an investor or owner occupier, it always pays to invest in quality fittings and finishes that will last the test of time. These includes stone, marble or timber surfaces as well as name-brand appliances and white goods. These sorts of materials will last longer meaning not only will they look newer for longer but they will last a lifetime, too.
4. A kitchen will make or break a home
Whether buying for yourself or as an investment, kitchens are one of the biggest determining factors for purchasers and renters alike. A well planned and thought out kitchen is a great value add. The kitchen should enhance a space, make cooking easier through its functionality and boast sufficient storage space.
Try to find an apartment with an open-plan kitchen and an island bench if possible. These kitchens are far superior in both look and functionality and help to open up the space, especially if the apartment as a whole is on the smaller side.
5. Look for natural light to all rooms
Prioritise natural light when looking for an apartment; along with reducing energy consumption, well designed windows and ventilation to every room, boasts both physical and emotional benefits which include improving mood and sleep patterns. Not to mention higher resale and rental values.
Get to know Tisha Lee
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