Buying An Expense Decision Condo? There Is A Manual!

Things to Start Looking for in an Investment Condo

A close good buddy of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a decision he regretted for several reasons. As we're talking about his expenditure condominium, my head moved over the features any investor should really be on the lookout for when purchasing a condominium, going here.

1 ) ) Location, Location, Loc...
You've heard that earlier. The leading three most important factors in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo for the own personal use. Can it be easy to spend , or will exactly the location hamper your re-sale efforts? If you should be going to let it out, may be the condominium located near public transportation channels? Is the neighborhood safe? Many factors enter in to play.

Two ) Parking
Maneuver, specifically in central places such as Down Town, is always at a top. If you are lucky enough to rent out your investment condominium reselling a condo without its own parking area is harder.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains still probably one of the absolute most important features requested by buyers. With out having a location to sit perhaps read a book in the air or toss some steak on the'que, owners and renters will probably really come to feel trapped in the condominium. Make sure your investment decision condo has a balcony or, if located on the main floor, it even has a patio space, read more.

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

The above 4 features are perhaps the most important types. Depending upon Your price range, you may want to consider several further:

Reward: Concrete Making
Usually a bit expensive, but worth the purchase price. More quiet, more solid and stable, an expenditure decision condo in Singapore with concrete floors and walls can also make for easier resale.

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

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

Back to my friend: his private purchase was a exact inadequate deal, as his expenditure condominium had n one of the features. Located in a rough part of the town, no parking area , no balcony, no laundry and on the floor with no elevator is likely to make this a difficult sale, even in a popular market.