Once you have entered the property market it is not as daunting as you think, and for many, buying and selling is an investment, short or long term. To buy a house may be different to buy apartment complex, only because of the size. Buying apartments, provided you make the right decisions, can be an excellent investment resulting in a high turnover of profit.

You may be buying an apartment complex for your own use, to rent out to residents, to rent out for offices, or for renovation, refurbishment and a quick flip. There are a few things you need to consider, although a good property realtor will guide you too.

Firstly, look at the area of the apartment complex for sale. Ask yourself if it is in a good area, if there are shopping complexes nearby, schools or parks, if the apartment building will attract the kind of tenants you want, or be right for your own use, and if it will increase in value and be profitable in either the short or the long term.

Maintenance

An apartment block can be high maintenance, although it does not have to be. You, as the owner, either need to ensure there is a team in place for all the necessary maintenance, or that each tenant is responsible for their own maintenance. As the owner of an apartment complex, you are generally the person responsible for the upkeep, the garden and parking areas, the communal areas, the general wear and tear, and of course, keeping the tenants happy and in check.

When you do look to invest in an apartment complex, use a realtor that has experience in apartments, in a wide range of areas and one who has access to good sellers in the market. You want someone who understands the legalities required to buy apartment complex, and who has the correct contracts, is able to negotiate on your behalf, and complete the deal on your behalf too.