Buying An Investment Condo? The Following Is A Manual!

Things to Start Looking for in an Expenditure Condo

A pal of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his investment decision condo in Singapore. He had purchased a small condo about a year ago, and had completed'privately', a decision he now regretted for several reasons. As we were talking about his expense condo, my head went over the features any investor should really be searching for when purchasing a condominium, learn more.

1 ) ) Location, Location, Loc...
You've heard that earlier. The major three most important ideas in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for the very own personal use. Might it's easy to resell, or can exactly the location hamper your re-sale attempts? If you are going to rent out it, could be your condo located near public transportation channels? Is the neighborhood safe? Many factors enter in to play.

2) Parking
Maneuver, specifically at central locations such as downtown, is always at a premium. Although you are fortunate enough to rent out your investment condominium to someone who does not drive their particular vehicle, reselling a flat without its parking spot is more difficult.

3) Balcony
Using several flat-to-condo rate of conversion underway, it's easy to overlook that a balcony remains perhaps probably one of the absolute most important features requested by purchasers. With out a spot to sit down outside, perhaps read a book at the fresh air or toss some steak to the'que, proprietors and renters will probably feel trapped in the condo. Make sure your expense condo has a balcony or, if located around the main floor, then it even has a patio space, read more.

4) In-Suite Laundry
Much more important with single guys, but almost'vital' to female condo potential buyers and renters. Having a secure place to do your own laundry is, 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 Constructing
Usually a little more expensive, however, well worth the purchase price. Quieter, stronger and stable, an expenditure condo in Singapore with concrete floors and walls will 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.

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

Back to my friend: his private purchase ended up being a exact bad deal, as his expense condominium had n one of those features. Located in a rough part of town, no parking spotwithout a balcony, no more laundry and on the floor with no elevator can make this a tough salein a popular market.