Apartment Block

Apartment Block

There are numerous advantages of owning an apartment building. These include their availability, transaction costs, efficient use of time with purchasing, maintenance, management, record keeping and then selling. The question is though.."How do I manage to make the transition between owning a single family unit to owning and managing apartment units?" If you are like most people, the amount of capital you have available is limited and so is your experience in the real estate market. Therefore you should most likely start off with something like a duplex or a fourplex apartment block. Just something where you can get that valuable hands on experience that we all need.

For those people moving into an apartment block from dwellings such as houses, be that detached or semi-detached, there are some huge differences. First of all, you are obviously a lot closer to your neighbours, and can often have neighbours on all four sides of you. Just as they will respect your privacy and noise, you must do the same. As a general rule, quiet hours in a standard apartment block building are from 10pm until 8am. During these hours you must refrain from making excessive noise, such as odd jobs around your apartment which may need fixing, any manual labour which requires repetitive noises (such as hammering, drilling, etc.) and of course, keep volume levels of music and Television sets to a minimum. Many young families will have babies or small children who need their rest just like the rest of us.

Apartment Block