Important Information to Learn When Buying an Apartment
The process of looking for and buying an apartment has its own details to consider, it is not the same as buying a house. When you choose to invest in one of the Kogarah new apartments it helps to know a few things about being an apartment owner.
Understanding the difference between leasehold and freehold
When you own the land and the house that is an example of a freehold property. When you buy a property within a larger property like an apartment that is leasehold. You have your own property but you share the main building with others and therefore share the maintenance and repair costs with the other people too. When you invest in Kogarah central apartments your leasehold is for a specific period of time, though it can be as long as 999 years. When buying an apartment leasehol...