Are you planning to buy an apartment in a strata scheme? Or are you thinking of selling your unit? In either case, it is essential to know the factors that affect Melbourne Owners Corporation Property Valuation.
The value of your apartment in a strata scheme is determined by various factors. Some of these are within your control while others are not.
Here are the four main factors that affect Melbourne Owners Corporation Property Valuation :
The location of your apartment is one of the most important factors that affect its value. If it is situated in a prime location, it will be more valuable than one in a less desirable area.
The location of your Melbourne Owners Corporation Property Valuation apartment also determines the rental income you can generate from it. The size of your apartment also affects its value.
A larger apartment will be more expensive than a smaller one. However, the size of your Melbourne Owners Corporation Property Valuation apartment also determines the amount of rental income you can generate from it.
The age of your apartment also affects its Melbourne Owners Corporation Property Valuation. An older apartment will be less expensive than a newer one. However, the age of your apartment also determines the amount of rental income you can generate from it.
The condition of your apartment also affects its value. An apartment in good condition will be more expensive than Melbourne Owners Corporation Property Valuation one in poor condition.
However, the condition of your apartment also determines the amount of rental income you can generate from it.