Buying An Expenditure Decision Condo? Here Is A Manual!

Things to look for in an Investment Decision Condo

A buddy of mine called me a couple 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 accomplished'privately', a decision he regretted for several reasons. As we were talking about his expense condominium, my thoughts went over the features any investor needs to really be searching for when purchasing a condominium, discover more.

1 ) ) Location, Location, Loc...
You have heard that before. The top three important points in real estate are....well, you will already know. Its different when purchasing an investment condo, or a condo for the own personal use. Will it's easy to resellor can the location hamper your own re-sale attempts? If you're going to rent out it, may be your condominium located near public transportation routes? Could be the area safe? Many factors enter in to play.

Two ) Parking
Parking, especially at central places such as Down Town, is always at a premium. Even if you are lucky enough to lease your investment out condominium to someone who doesn't push their particular vehicle, reselling a condo without its parking spot is more difficult.

3) Balcony
Using a number of flat-to-condo conversions underway, it's easy to forget that a balcony is still probably one of the absolute most important features asked by buyers. With no a location to take a seat outside, perhaps read a book at the air or toss a few steak onto the'que, owners and tenants will probably come to feel trapped of their condominium. Make sure your expense condo has a balcony , if located on the main floor, it has a patio space, find out more.

4) In-Suite Laundry
Much more important with unmarried guys, but almost'vital' to female condominium purchasers and renters. Having a protected place to do your laundry is, at least, a'good to have' feature.

The above mentioned features are perhaps one of the most important ones. Depending on your price range, you may want to consider several further:

Bonus: Concrete Constructing
Usually a bit more costly, however, well worth the price. Quieter, stronger and stable, an investment condominium in Singapore with concrete flooring and walls will 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 lease .

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

Back for my close buddy: his private purchase ended up being a exact bad deal, as his expenditure condominium had NONE of the features. Located in a demanding part of the town, no parking area , no balcony, no laundry and also on the floor with no elevator can make this a exact challenging salein a popular market.