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Everything you need to maximise your home’s value, style and comfort.

Thanks to New Zealand’s growing population and ever-expanding cities, apartment living is on the rise. In the face of this trend, it’s important for both buyers and sellers to understand what is taken into consideration by the market when evaluating whether apartment ownership is for them.

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Apartment living is growing in popularity across our major cities, with the average asking price for a unit in Wellington rising to 16 percent and units in the Bay of Plenty up 27 percent in the last year. Of course the national housing shortage is a major contributing factor to this, pushing many people to their stance on apartment living.

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A body corporate is essentially an entity made up of all the apartment owners in a building. To provide a transparent view how funds are managed, a body corporate is generally administered by a separate company with funds held in an independent trust. 

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If you’re an apartment owner or someone on the hunt for an apartment investment, listen up. A common sticking point for many people in this position is the uncertainty around leasehold vs. freehold. With speculation that the surge in house prices will see a sizeable rise in ‘ground rents’ come the next seven year review its important to understand the details surrounding leasehold titles.  

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Historically, home ownership in New Zealand was all about the quarter-acre dream, however smaller houses and apartments have grown in popularity. If you are looking at getting your apartment ready for sale or simply want to know how to get more out of your available space, here are a few ways you can maximise the value and appeal of your apartment.

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