Buying An Expenditure Condo? Here Is A Manual!

Things to look for in an Investment Condo

A close buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his investment decision condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had performed'privately', a choice he regretted for several reasons. As we're talking about his expenditure condo, my mind went over the features any investor needs to really be looking for when purchasing a condominium, read more.

1 ) ) Location, Location, Loc...
You've heard that before. The best three most important factors in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo for your own personal use. Does it be easy to resell, or will exactly the location hamper your re-sale efforts? When you should be likely to let out it, could be the condominium located near public transportation routes? Could be the neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, specifically in central places such as Down Town, is always at a premium. If you are lucky enough to lease out your investment condominium reselling a condo without its parking area is more difficult.

3) Balcony
With a number of flat-to-condo conversions underway, it's easy to forget that a balcony remains probably one of the most important features asked by buyers. Without having a location to take a seat down perhaps read a publication at the fresh air or throw some beef on the'que, proprietors and renters will really come to feel trapped inside their condominium. Make certain that your expense condominium has a balcony , if located around the main floor, then it has a patio space, visit this link.

4) In-Suite Laundry
Less important with unmarried guys, but almost'vital' to female condominium purchasers and tenants. Having a safe place to do your laundry is, at the very least, a'nice to have' feature.

The above mentioned features are perhaps one of the most important ones. Based upon Your price range, you may want to consider several further:

Reward: Concrete Developing
Usually a little more expensive, however, worth the price. More quiet, more solid and stable, an investment condo in Singapore with concrete floors and walls can also make for easier resalevalue.

Bonus: Central Air
Central air conditioning and heating is another nice-to-have feature, making the condo significantly more comfortable and easier to lease .

Bonus: Safe Parking
Especially with our chilly climate, having indoor or subterranean parking is also an often-requested feature, albeit at a cost premium

Back for my pal: his private purchase ended up being a exact inadequate deal, as his investment condo had n one of the features. Located in a rough part of town, no parking spotwithout a balcony, no more insuite laundry and also on the 3rd floor free of elevator can make this a challenging sale, even in a hot market.