Buying An Expense Condo? The Following Is A Manual!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his expense decision condominium in Singapore. He had purchased a small condo about a year ago, and had done'privately', a decision he now regretted for several reasons. As we were talking about his investment condominium, my brain moved over the very best features any investor needs to be looking for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You've heard this before. The top three important issues in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat on the very own personal use. Can it be easy to spend , or can exactly the location hamper your own re-sale efforts? If you should be likely to rent it out, is your condo located near public transportation channels? May be your neighborhood safe? Many factors enter into play.

Two ) Parking
Parking, especially in central places such as Down Town, is always at a top. Even although you are lucky enough to lease your investment out condominium to somebody who doesn't drive their own vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
Using several flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains one of the absolute most important features requested by potential buyers. With no a location to take a seat outside, perhaps read a publication at the fresh air or throw some beef onto the'que, proprietors and tenants will probably come to feel trapped of the condominium. Make certain that your investment condominium has a balcony or, if located on the main floor, then it even has a patio space, visit this link.

4) In-Suite Laundry
Much more important with adult males, but almost'vital' to female condominium buyers and tenants. Having a safe place to get your laundry isalso, at the very least, a'good to have' feature.

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

Reward: Concrete Making
Usually a bit costly, but worth the purchase price. More quiet, more solid and stable, an expenditure condominium in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

Reward: Safe Parking
Especially together using all our chilly climate, having indoor or underground parking is an often-requested feature, albeit at a price premium

Back for my friend: his private purchase was a very bad deal, as his expense decision condo had n one of the features. Located in a rough part of the town, no parking area without a balcony, no insuite laundry and also on the 3rd floor free of elevator is likely to make this a challenging sale, even in a popular market.