jade_titles
First-time buyer
I’m comparing a 95 m² studio with a similarly priced mixed-use building in Warsaw. The studio seems simpler to maintain, while the mixed-use option offers more control but could bring larger, less predictable bills and more management work.
My model covers lease length, insurance, energy use, tenant demand, vacancy risk and resale liquidity. The difficult part is shared-building reserves: the meeting minutes mention planned work three times but give no firm cost estimate. That makes it hard to tell whether the studio’s apparent simplicity is hiding a substantial future contribution.
Before choosing, what would you ask the seller or building management about the planned work, reserve position and insurance exposure? I’d also appreciate a practical list of the costs that tend to emerge after the first year with either property type.
My model covers lease length, insurance, energy use, tenant demand, vacancy risk and resale liquidity. The difficult part is shared-building reserves: the meeting minutes mention planned work three times but give no firm cost estimate. That makes it hard to tell whether the studio’s apparent simplicity is hiding a substantial future contribution.
Before choosing, what would you ask the seller or building management about the planned work, reserve position and insurance exposure? I’d also appreciate a practical list of the costs that tend to emerge after the first year with either property type.