Buying An Expenditure Condo? There Is A Information!

Things to look for in an Investment Condo

A pal of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had done so'privately', a choice he regretted for several reasons. As we were talking about his expense condo, my head went over the features any investor should be looking for when purchasing a condo, clicking here.

1 ) ) Location, Location, Loc...
You have heard that before. The top three important factors in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat for the very own personal use. Can it's easy to resell, or does exactly the location hamper your own re-sale efforts? If you're likely to rent it out, is the condo located near public transportation routes? Is your area safe? Many factors enter in to play.

2) Parking
Parking, especially in central locations such as Down Town, is always at a premium. Although you are lucky enough to rent your investment out condo to somebody who does not drive their particular vehicle, reselling a flat without its own parking area is more difficult.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it is easy to overlook that a balcony remains still one of the absolute most important features requested by customers. With out a location to take a seat outside, perhaps read a book at the air or toss some steak on the'que, owners and tenants will truly come to feel trapped of your own condominium. Make certain that your expenditure condominium has a balcony or, if located around the main floor, it even has a patio space, learn more.

4) In-Suite Laundry
Less important with unmarried men, but almost'vital' to female condo customers and tenants. Having a safe place to get your own laundry would be also, at least, a'good to have' feature.

The above 4 features are perhaps one of the most important types. Based upon Your price range, you may want to consider several more:

Bonus: Concrete Making
Usually a little more expensive, but worth the purchase price. Quieter, stronger and stable, an expenditure decision condo in Singapore with flooring 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 hire out.

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

Back to my buddy: His private purchase was a exact poor deal, as his investment condominium had n one of the features. Located in a demanding part of town, no parking spotwithout a balcony, no more insuite laundry and on the floor with no elevator is likely to make this a very tough salein a popular market.