Buying An Expense Condo? There Is A Information!

Things to look for in an Expenditure Condo

A pal of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his expense condominium in Singapore. He had purchased a small condominium about a year ago, and had carried out'privately', a choice he regretted for several reasons. As we're talking about his expense condo, my brain moved over the very best features any investor should really be on the lookout for when purchasing a condo, home page.

1 ) ) Location, Location, Loc...
You've heard that earlier. The leading three important points in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a flat for the own personal use. Does it's easy to spend or can exactly the location hamper your own re-sale efforts? When you are likely to let it out, could be the condo located near public transportation routes? Is the area safe? Many factors come in to play.

2) Parking
Parking, specifically at central locations such as downtown, is always at a top. Even if you are fortunate enough to rent your investment out condo to somebody who does not drive their particular vehicle, reselling a flat without its parking area is more difficult.

3) Balcony
With a number of apartment-to-condo conversions underway, it really is easy to overlook that a balcony remains probably one of the absolute most important features asked by consumers. Devoid of a spot to sit outside, perhaps read a novel in the air or throw a few beef on the'que, proprietors and tenants will probably come to feel trapped of your own condo. Make certain that your expense decision condominium has a balcony , if located around the main floor, then it has a patio space, go here.

4) In-Suite Laundry
Less important with single adult males, but almost'vital' to female condo potential purchasers and tenants. Having a safe 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 think about. Based on your price range, you may want to consider several more:

Bonus: Concrete Making
Usually a bit more costly, but worth the price. Quieter, stronger and stable, an expenditure condo in Singapore with flooring and walls can also make for easier resalevalue.

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

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

Back for my friend: His private purchase was a very inadequate deal, as his expenditure decision condominium had n one of the features. Located in a demanding part of the town, no parking spot, no balcony, no insuite laundry and on the 3rd floor free of elevator can make this a exact tough sale, even in a hot market.