Apartment owners, what are some things to know about buying an apartment?
Myself and my partner are first time buyers currently sale agreed on an apartment in Dublin. We are opting for an apartment over a house as it suits our needs in terms of location, careers, and future family planning more than a house does.
However, we have come to realize that buying an apartment comes with its own unique set of challenges. The first apartment we were sale agreed on fell through due to the management company being shady about fire safety issues.
The current apartment we think should be ok, but we have a management company that is slow with responses and has a very small surplus (however it is a very small development, so I believe it's proportionate).
As a first time buyer, the extent to which some of this warrants worrying about or not is a bit elusive to us.
I'd welcome current apartment owners' thoughts on their experience with buying (particularly in Dublin), what to know about management company behaviour and what is a red flag or not, any general thoughts and advice welcomed!