Buying An Investment Condo? There Is A Guide!

Things to Start Looking for in an Expenditure Condo

A good buddy of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had carried out'privately', a decision he regretted for several reasons. As we're talking about his investment condo, my brain went over the very best features any investor should be looking for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You've heard that before. The leading three important factors in real estate are....well, you know. Its no different when purchasing an investment condominium, or a flat on the own personal use. Does it be easy to spend or can the location hamper your own re-sale initiatives? If you're planning to rent out it, could be your condominium located near public transportation channels? Is your neighbourhood safe? Many factors enter into play.

2) Parking
Parking, specifically at central locations such as Down Town, is always at a top. Even if you are lucky enough to rent out your investment condo reselling a flat without its parking area is harder.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it really is easy to forget that a balcony remains still perhaps one of the absolute most important features asked by consumers. Without a spot to take a seat down perhaps read a publication at the air or toss a few steak to the'que, proprietors and tenants will probably come to feel trapped in their condominium. Make sure your expense condominium has a balcony , if located on the main floor, then it has a patio space, visit here.

4) In-Suite Laundry
Much more important with unmarried males, but almost'vital' to female condominium purchasers and tenants. Having a safe place to do your laundry would be also, at least, a'good to have' feature.

The above mentioned features are perhaps one of the most important ones to look at. Based on your price range, you may want to consider several further:

Reward: Concrete Creating
Usually a bit expensive, however, worth the price. Quieter, more solid and stable, an expenditure condo in Singapore with flooring and walls can also make for easier resale.

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

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

Back to my buddy: his private purchase was a exact bad deal, as his investment decision condominium had n one of the features. Located in a rough part of the town, no parking area without a balcony, no insuite laundry and on the floor free of elevator is likely to make this a hard sale, even in a popular market.