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Pindan Tops Report to be Largest WA Multi-Unit Builder
Date Published: 1/11/2010
With the Housing Industry Association’s annual Housing 100 report revealing Belmont-based property and construction company Pindan as the largest multi-unit builder in WA, the company is well placed to offer tips for buying into multi-unit developments.
Pindan director of business development Scott Davison said as planning authorities pressed ahead with infill and increased density living strategies, more West Australians were likely to live in multi-unit developments in the years ahead so knowing which complexes to buy into was critical.
He offered the following tips as a starting point:
Research the development’s team
Research the project's developer, architect and builder to get a sense of their track record and reputation. Have a look at their previous jobs and what awards they’ve won. The developer and architect typically control the design of the building, whereas the expertise of the builder will determine the finished quality of the product.
Design counts as it is linked to convenient living and better re-sale value. Minimal corridors with convenient lift access, generous balcony areas, spacious living areas and a cleverly designed, functional layout that makes maximum use of space are critical. And take note of the total unit area, as this can vary significantly.
Proximity to lifestyle facilities
Complexes located close to lifestyle facilities such as cafés, supermarkets, medical care, schools, gyms, recreation centres and transport are likely to be better investments as they add to the value of your property. The best multi-unit properties also have water or city views or are only a short drive to the water.
Many multi-unit complexes boast resort-style facilities such as spas, pools, BBQ areas, tennis courts, gyms etc. Having these facilities at your fingertips is not only convenient, but can save you money on outside recreational costs and also add to the property’s value. The cost of maintaining these facilities will be reflected in the purchase price and your strata fees, so consider if the benefit justifies the cost.
Inspect quality & fixtures closely
If you are purchasing a completed unit, inspect the detail and quality of the finished product closely. Quality fixtures and fittings are a must as they will last longer and avoid maintenance headaches and don’t be afraid to ask questions about warranties and after sales service, especially if they are not recognised brands.
- Question the acoustic treatments in the units, including cavity walls to party walls and corridors.
- Acoustic membranes under hard floors – check if the hydraulic services acoustic are wrapped.
- Consider the internal layout of the unit and if sound will travel or if it can be contained.
- If there are two or more bedrooms and bathrooms, consider if the master bedroom is separated from bedroom two as this is best for privacy, and if the bathrooms are close to the bedrooms.
Consider carefully how much parking is available at the complex for both your family and your visitors. Parking options dramatically affect the value and price of a property in a multi-unit development. A general rule of thumb is that a two or more bedroom apartment should come with two car bays.
Cost & Value
MEDIA CONTACT: Jo Di Dio on 9463 7281 or email@example.com
Just because a unit costs less does not necessarily mean that it is better value. The purchase price needs to be considered in conjunction with all of the attributes of the development and your specific requirements and, of course, you must be able to afford the unit you are considering.
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