Apartment success or failure is very dependent on the overall community living there.
If you get majority reasonable communities ,educated & responsible one, highly likely to the apartment will be maintained well. Living conditions will be pleasant , ppl will likely like to rent the place & the unit price will increase because it is sought after for the good neighbourhood. Good neighbourhood, you will get good ppl to be MC to manage the apartment for benefits of all.
If you get the opposite one, be ready to see the apartment to deteriorate into a sorrowful state with all the accumulated problems. Huge uncollected maintenance fees by owners which will leads to insufficient public fund to maintain the building - frequent lifts breakdown , water disruptions due to pump failure or pipe bursting, roof leakages due to unmaintained water proofing, etc. Bad neighbourhood, you get selfish ppl to be MC to eye the public fund for their own benefits.
Maybe you should ask around the condition of the community there before making any decision.
Thoughts on buying apartments?
Apr 28 2022, 11:00 PM
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