The developer – Research the developer, their reputation and track record. Visit their completed projects and inspect the quality.
The architect – Who is the architect and are they experienced in residential design?
The builder – If a builder has been appointed to the project, research their track record. If not, buying from an experienced, reputable developer will ensure a quality builder is used.
The contract – Ensure the Contract of Sale is reviewed closely by a conveyancer to ensure it’s as it should be.
The floorplan – Make sure you understand the size of the property and its various spaces. Buy a scale ruler and check the dimensions carefully. Can you fit you existing furniture in it? Does it have enough storage for you? Ask for kitchen and bathroom elevations if you’re unsure.
Construction – Make sure you understand when construction is likely to commence, and how long the build will take.
Owners corporation fees – These are ongoing costs you’ll need to pay (quarterly) in both established and off-the-plan apartments. These fees cover maintenance of common areas, building insurance and other items that are the responsibility of all owners.