Buying An Expenditure Condo? There Is A Guide!

Things to look for in an Expenditure Decision Condo

A buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expense condominium in Singapore. He had purchased a small condominium about a year ago, and had carried out so'privately', a determination he regretted for several reasons. As we were talking about his expense condominium, my brain moved over the top features any investor should really be looking for when purchasing a condo, going here.

1) Location, Location, Loc...
You've heard this earlier. The leading three most important issues in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo on the own personal use. Can it's easy to spend or will exactly the location hamper your own re-sale initiatives? When you are likely to rent out it, could be your condo located near public transportation channels? Is your neighbourhood safe? Many factors come in to play.

2) Parking
Parking, specifically in central locations such as downtown, is always at a top. If you are fortunate enough to hire your investment out condo to somebody who does not generate their own vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains still probably one of the most important features asked by customers. With out a spot to take a seat down perhaps read a novel at the fresh air or toss some beef to the'que, proprietors and tenants will probably really feel trapped in their condominium. Make sure your expense condominium has a balcony , if located around the main floor, then it even has a patio space, visit website.

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

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

Bonus: Concrete Building
Usually a bit expensive, however, really worth the price. Quieter, more solid and stable, an expenditure decision condominium in Singapore with concrete floors and walls will also make for easier resalevalue.

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

Bonus: Protected Parking
Especially with all our winter climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back to my close buddy: his private purchase ended up being a exact bad deal, as his expenditure condominium had NONE of these features. Located in a rough part of the town, no parking spot, no balcony, no insuite laundry and also on the 3rd floor free of elevator will make this a exact challenging salein a hot market.