The property market is forever changing due to different trends in design, location needs, popularity of the area, population growth and infrastructure requirements.
Seeing new trends emerge is becoming the norm and it’s not surprising that apartment living has grown considerably over the past year. More specifically, luxurious apartment living has grown significantly. Many investors who are wanting to live in the ideal locations usually find themselves resorting to apartment living and are fed up with sacrificing size and comfort.
Some of the revamped and new design concepts that are trending in Melbourne’s apartment market which cater to investors include:
- Addition of theatre rooms
- Multiple living areas rather than the typical one
- Spacious outdoor cooking area
- Pool/ rooftop garden on top storey trending to attract buyers
- Overall size of the apartment considerably larger. You won’t find many apartments being built in small areas.
These design concepts are implemented to appeal to the buyers who like to spend more on their investment property to ensure they experience the luxurious and spacious feel. When designing the apartments, architects strive to move away from the typical ‘uncomfortable apartment living’ vibe to a ‘comfortable, luxurious way of life’. Implementing the upgrades boosts the apartment’s overall value so if the investor wants to sell the property, they also have the perk of receiving profit purely for the demand.
If you’re looking at buying an apartment, check out our Pre-Purchase inspection service here. The Home Inspection Hub can help with your purchase decision and be sure to let you know exactly you’re investing in.
If you’re planning on building an apartment, check out our New Home Construction service here. Organising an independent guide with thorough building knowledge and experience can save you money and more importantly, unnecessary stress. This is where we, The Home Inspection Hub, can assist you in your time of need.