Buying An Expenditure Condo? The Following Is A Information!

Things to look for in an Investment Condo

A good buddy of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condo about a year ago, and had done'privately', a determination he now regretted for several reasons. As we were talking about his investment condo, my thoughts went over the features any investor should really be on the lookout for when purchasing a condo, web site.

1) Location, Location, Loc...
You've heard that before. The best three important factors in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo on the personal use. Might it be easy to spend or does the location hamper your own re-sale attempts? When you are planning to let out it, may be the condo located near public transportation routes? Could be your neighbourhood safe? Many factors enter in to play.

Two ) Parking
Maneuver, especially at central locations such as Down Town, is always at a top. Although you are lucky enough to hire out your investment condominium to somebody who does not push their own vehicle, reselling a condo without its parking spot is more difficult.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it's easy to forget that a balcony remains perhaps one of the absolute most important features requested by potential buyers. With out a spot to sit perhaps read a novel in the air or throw some beef to the'que, proprietors and tenants will truly feel trapped in their condo. Make certain that your expense condominium has a balcony , if located on the main floor, it even has a patio space, discover more.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condominium purchasers and renters. Having a secure place to get your own laundry would be also, at least, a'good to have' feature.

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

Bonus: Concrete Constructing
Usually a little more costly, however, well worth the purchase price. More quiet, more solid and stable, an investment condo in Singapore with floors and walls can also make for easier resale.

Reward: Central Air
Central air conditioning and heating is yet another nice-to-have feature, making the condo more comfortable and easier to rent .

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

Back to my buddy: His private purchase was a very bad deal, as his expense condominium had NONE of the features. Located in a rough part of town, no parking area without a balcony, no more insuite laundry and on the floor with no elevator is likely to make this a very hard salein a hot market.