Originally Posted by hottea2019
Dublin 8 seems to be the most decent areas in your list and the closest one to town.
We're also first time buyers here and did plan to go for a 2-bed 2-bath apartment like you. However, after couple of viewings and also some discussion with our colleagues, we've decided to increase our budget to go for a proper house. There are some reasons:
1. Service charge is quite insanely expensive. Some of our colleagues told us that the management companies have full right to increase the fee any time - i.e: we have no idea how mad it gonna be.
2. Soundproofing: in general sound-proofing is a common issue in most of properties we've lived/viewed. You will get "more chances" to have some annoying nextdoor neighbour in an apartment than a house.
3. Sinking cost: like fixing elevator, roof, etc, even when you are living at the ground floor.
4. Social housing: many apartments we've checked have been assigned 50%+ for social housing. There are few which seem to have no social housing but the price is quite expensive for a small living space.
5. Other issues: waterleaking, fire alarm, structure issues. Be careful with apartments built during the boom.
Hope it'll help. Best of luck
D8 is better than leafy Drumcondra? Or closer to town? Sounds like some southside bias there.
1. Service charges can be expensive and can be alright actually. The fees for the following year are signed off by all owners (who turn up) at the AGM. Some years they can be expensive if there is a major maintenance item to be paid for. However this is the same in owning a house - if something expensive needs to be paid for, it needs to be paid for. The board of any development are usually just a group of ordinary home owners (you could even join it yourself) who are trying to do right by everyone.
My one tip for avoiding high fees is to look at blocks with a decent number of units, no lifts and no electric gates. Lifts and gates are both expensive when it comes to repair and replacement and you want a good number of units so that everything is split a lot of ways.
2. Soundproofing - can be an issue with a lot of homes, not just apartments. I think especially boom time builds.
3. All owners are communally responsible for the entire complex.
4. Social Housing - never heard of such ratios and didnt see it when I was house hunting.
5. Be careful with anything built during the boom. Houses behind us (built in 2005) needed their roofs redone last year. Not good.
Owning any property is not cheap. I have an apartment and bought a house recently. The house has already cost us €35k in the past few months. Some of this was expected and factored into the purchase price and some was discretionary (new kitchen and other decorative items) but owning property is more than just making the mortgage payment. If our boiler goes in the morning, thats on us straight away. We've had to buy lots of items that we never previously needed, like a shed, lawn mower (for a large lawn) and other garden equipment. Not cheap.
In my apartment, yes I paid €x per year, but a gardening company came every Tuesday and the place was always immaculate. I never gave it a second thought. A well run development can be a hassle free way of life.
This is far more than I ever spent on the apartment, including management fees.