Buying An Expenditure Condo? The Following Is A Manual!

Things to look for in an Expenditure Decision Condo

A good friend of mine called me a few months ago, and asked me to give him a Market Evaluation on his expenditure decision condo in Singapore. He had purchased a small condo about a year ago, and had completed'privately', a choice he regretted for several reasons. As we were talking about his investment condo, my brain moved over the features any investor needs to be on the lookout for when purchasing a condominium, discover more.

1 ) ) Location, Location, Loc...
You've heard that before. The top three important issues in real estate are....well, you know. Its different when purchasing an investment condo, or a condo on the very own personal use. Can it be easy to resell, or does exactly the location hamper your re-sale attempts? When you should be likely to rent out it, could be your condo located near public transportation routes? Is the neighborhood safe? Many factors enter into play.

2) Parking
Parking, especially in central places such as downtown, is always at a premium. Even if you are lucky enough to hire out your investment condominium reselling a flat without its parking spot is harder.

3) Balcony
With several flat-to-condo conversions underway, it's easy to overlook that a balcony is probably one of the most important features asked by purchasers. Without a spot to sit outside, perhaps read a novel at the fresh air or toss a few beef to the'que, proprietors and renters will probably really come to feel trapped inside your own condo. Make sure your investment condominium has a balcony , if located around the main floor, it even has a patio space, find out more.

4) In-Suite Laundry
Much more important with unmarried adult males, but almost'vital' to female condominium customers and tenants. Having a safe place to do your own laundry is, at least, a'nice to have' feature.

The above 4 features are perhaps the most important types. Depending on your price range, you may want to consider several more:

Reward: Concrete Constructing
Usually a bit costly, but worth the price. More quiet, more solid and stable, an investment condo in Singapore with flooring and walls will also make for easier resale.

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

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

Back to my buddy: his private purchase ended up being a exact poor deal, as his expenditure condo had NONE of these features. Located in a demanding part of the town, no parking spot, no balcony, no more insuite laundry and on the floor with no elevator is likely to make this a very difficult salein a popular market.