Buying An Investment Condo? The Following Is A Guide!

Matters to look for in an Investment Condo

A good buddy of mine called me a couple of weeks ago, and asked me to provide him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condo about a year ago, and had completed'privately', a decision he regretted for several reasons. As we're talking about his expenditure condominium, my brain moved over the very best features any investor needs to be looking for when purchasing a condominium, clicking here.

1 ) ) Location, Location, Loc...
You have heard that earlier. The leading three important issues in real estate are....well, you know. Its different when purchasing an investment condo, or a flat on your very own personal use. Could it be easy to spend , or will exactly the location hamper your own re-sale initiatives? If you're going to rent it out, could be your condo located near public transportation routes? Is your area safe? Many factors enter in to play.

Two ) Parking
Parking, specifically at central places such as downtown, is always at a top. Although you are lucky enough to hire out your investment condo to somebody who doesn't generate their particular vehicle, reselling a flat without its parking area is tougher.

3) Balcony
With a number of apartment-to-condo conversions underway, it is easy to forget that a balcony remains still one of the most important features requested by potential buyers. Without a spot to sit down perhaps read a publication at the air or throw a few steak on the'que, proprietors and tenants will truly feel trapped in your own condominium. Make sure your investment condo has a balcony , if located around the main floor, it even has a patio space, clicking here.

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

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

Reward: Concrete Creating
Usually a bit more costly, but worth the price. Quieter, more solid and stable, an expenditure condo in Singapore with floors and walls can also make for easier resalevalue.

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

Bonus: Secure Parking
Especially using all our winter climate, having indoor or subterranean parking is an often-requested feature, albeit at a cost premium

Back for my pal: his private purchase ended up being a very poor deal, as his expenditure condominium had n one of the features. Located in a rough part of town, no parking spot, no balcony, no more insuite laundry and on the floor with no elevator will make this a challenging salein a hot market.