Buying An Expenditure Decision Condo? Here Is A Guide!

Matters to Start Looking for in an Investment Condo

A pal of mine called me a couple weeks ago, and asked me to provide him a Market Evaluation on his investment condo in Singapore. He had purchased a small condominium about a year ago, and had accomplished'privately', a choice he now regretted for several reasons. As we were talking about his expenditure condominium, my thoughts moved over the top features any investor needs to be on the lookout for when purchasing a condo, learn more here.

1 ) ) Location, Location, Loc...
You've heard that before. The best three most important points in real estate are....well, you know. Its different when purchasing an investment condo, or a flat on the own personal use. Does it be easy to spend or can exactly the location hamper your own re-sale initiatives? When you should be planning to rent it out, may be your condo located near public transportation routes? Is your area safe? Many factors enter in to play.

2) Parking
Maneuver, specifically at central locations such as Down Town, is always at a premium. If you are fortunate enough to hire your investment out condominium reselling a flat without its own parking spot is tougher.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to forget about that a balcony is one of the absolute most important features asked by consumers. Devoid of a spot to take a seat perhaps read a novel at the air or toss a few steak to the'que, proprietors and tenants will probably really come to feel trapped of their condo. Make certain that your expense decision condo has a balcony or, if located around the main floor, then it even has a patio space, learn more here.

4) In-Suite Laundry
Much more important with single men, but almost'vital' to female condo customers and tenants. Having a protected 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 types to think about. Depending on your price range, you may want to consider several further:

Bonus: Concrete Constructing
Usually a bit more costly, but worth the price. Quieter, stronger 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 more comfortable and easier to rent .

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

Back to my pal: His private purchase ended up being a very bad deal, as his investment condo had NONE of these features. Located in a demanding part of town, no parking area , no balcony, no insuite laundry and on the floor free of elevator will make this a challenging sale, even in a popular market.