Buying An Investment Condo? Here Is A Information!

Matters to Start Looking for in an Investment Decision Condo

A buddy of mine called me a couple months ago, and asked me to give him a Market Evaluation on his investment decision condo in Singapore. He had purchased a small condo about a year ago, and had accomplished so'privately', a decision he now regretted for several reasons. As we're talking about his expense condominium, my head moved over the features any investor needs to be searching for when purchasing a condo, read this.

1 ) ) Location, Location, Loc...
You have heard this before. The leading three most important issues in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo on your personal use. Does it be easy to resell, or can the location hamper your own re-sale initiatives? When you're going to rent out it, could be your condo located near public transportation channels? Is the neighbourhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central locations such as downtown, is always at a premium. Although you are fortunate enough to hire out your investment condo to somebody who does not push their particular vehicle, reselling a condo without its own parking spot is tougher.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it really is easy to forget that a balcony remains still perhaps probably one of the most important features requested by potential buyers. With no a location to take a seat outside, perhaps read a publication at the air or throw some steak onto the'que, proprietors and renters will feel trapped inside the condo. Make sure your expenditure condominium has a balcony , if located around the main floor, it has a patio space, read more.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condominium customers and renters. Having a secure place to do your laundry would be , at the very least, a'nice to have' feature.

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

Bonus: Concrete Developing
Usually a little more expensive, but really worth the price. More quiet, more solid 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 yet another nice-to-have feature, making the condo significantly more comfortable and easier to hire .

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

Back for my good friend: His private purchase was a exact inadequate deal, as his investment condo had NONE of those features. Located in a demanding part of town, no parking spot, no balcony, no insuite laundry and also on the next floor free of elevator will make this a exact difficult saleat a popular market.