Buying An Expense Condo? Here Is A Information!

Things to Start Looking for in an Investment Condo

A pal of mine called me a few months ago, and asked me to give him a Market Evaluation on his investment 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're talking about his expense condo, my thoughts moved over the features any investor should really be searching for when purchasing a condo, website.

1) Location, Location, Loc...
You've heard this earlier. The major three important factors in real estate are....well, you will already know. Its no different when purchasing an investment condominium, or a flat on the very own personal use. Could it be easy to spend or can exactly the location hamper your re-sale attempts? When you are planning to let it out, is your condo located near public transportation routes? May be the area safe? Many factors come in to play.

Two ) Parking
Parking, specifically in central places such as Down Town, is always at a top. Even although you are fortunate enough to lease your investment out condo reselling a flat without its parking spot is tougher.

3) Balcony
With several apartment-to-condo conversions underway, it's easy to overlook that a balcony is still perhaps probably one of the most important features requested by customers. With out having a spot to take a seat down perhaps read a publication at the brand new air or toss a few beef on the'que, proprietors and renters will probably really come to feel trapped of your own condo. Make sure your expense decision condo has a balcony , if located around the main floor, then it has a patio space, read more.

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

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

Reward: Concrete Making
Usually a bit costly, but worth the price. More quiet, stronger and stable, an expenditure condominium in Singapore with floors 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 condominium more comfortable and easier to lease .

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

Back to my buddy: his private purchase ended up being a exact inadequate deal, as his expense condo had n one of the features. Located in a demanding part of the town, no parking area , no balcony, no more laundry and also on the next floor with no elevator is likely to make this a very tough sale, even in a popular market.