What to consider when buying a flat?

The principle of the so-called 3xL, or location, location and location again, is well known in the real estate industry. Of course, this statement has a wide range of meanings. However, the attractiveness of a location is the result of many factors, the most important of which are:

• Transport Links: an important aspect is the availability and quality of the public transport that connects us with places crucial to our lives. It is worth paying attention to the availability of transport, the frequency of services and the level of safety when travelling.
• Neighbourhood: The impact of the neighbourhood on the quality of life cannot be underestimated. Neighbourhoods can make an attractive place unpleasant. It is therefore important to consider the presence of potentially disruptive facilities such as industrial plants or noisy shops. In addition, take the time to understand the local community by observing it at different times of the day to make sure it suits your preferences.
• Technical condition of the real estate: The technical condition of the building in which we intend to purchase a flat is a key aspect. It cannot be changed easily and is often costly. Therefore, it is worth paying attention to the condition of the foundations, the level of dampness, and the condition of any technical systems, such as the electrical, plumbing, central heating or gas systems. The condition of the facade and roof are also important.
• Building management and financial status: It is a good idea to know who manages the building and what the financial status of the housing association or cooperative is. Accumulated funds for renovations and possible loans have an impact on financial stability.
• Technical condition of the chosen premises: Last but not least, the technical condition of the flat itself is an important aspect. Depending on our financial capabilities, it is possible to transform even a neglected premises into a comfortable place to live. However, in order to make an informed choice, it is worth assessing which elements require immediate modernisation, such as the floors, the electrical installation, the risers and elements of the plumbing, central heating or gas system. Other fixtures and fittings can be upgraded at a later stage.

We hope that our tips will be helpful when you are making decisions related to your real estate purchase. As experts in the field of real estate, we are here to help you find the perfect flat that meets all of your expectations.