Buying An Investment Condo? There Is A Information!

Things to look for in an Investment Condo

A friend of mine called me a couple of months ago, and asked me to offer him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condo about a year ago, and had performed 'privately', a choice he regretted for several reasons. As we were talking about his expense condominium, my brain moved over the features any investor should really be looking for when purchasing a condo, visit here.

1) Location, Location, Loc...
You have heard that before. The top three most important factors in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for the personal use. Might it be easy to resellor will the location hamper your own re-sale efforts? When you're going to let it out, could be your condo located near public transportation routes? May be your neighborhood safe? Many factors enter in to play.

2) Parking
Maneuver, specifically in central places such as Down Town, is always at a premium. If you are lucky enough to hire out your investment condominium to someone who doesn't drive their own vehicle, reselling a condo without its own parking spot is more difficult.

3) Balcony
Using several flat-to-condo conversions underway, it's easy to overlook that a balcony remains perhaps one of the most important features asked by consumers. Without a spot to take a seat down perhaps read a publication at the air or throw some beef onto the'que, owners and tenants will come to feel trapped of your own condo. Make certain that your investment decision condo has a balcony or, if located around the main floor, then it has a patio space, clicking here.

4) In-Suite Laundry
Much more important with single guys, but almost'vital' to female condominium purchasers and tenants. Having a secure place to do your own laundry is, at the very least, a'good to have' feature.

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

Reward: Concrete Developing
Usually a little expensive, but worth the price. Quieter, more solid and stable, an expenditure condominium in Singapore with concrete flooring 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 .

Bonus: Secure Parking
Especially together with our chilly climate, having indoor or underground parking is an often-requested feature, albeit at a cost premium

Back to my close good friend: His private purchase was a very bad deal, as his investment condo had NONE of the features. Located in a rough part of the town, no parking area without a balcony, no more laundry and on the next floor with no elevator can make this a difficult sale, even in a popular market.