Buying An Investment Decision Condo? There Is A Information!

Matters to Start Looking for in an Expenditure Condo

A close friend of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condo about a year ago, and had done 'privately', a decision he regretted for several reasons. As we're talking about his investment condominium, my head went over the very best features any investor should be looking for when purchasing a condominium, visit website.

1) Location, Location, Loc...
You have heard that before. The best three important issues in real estate are....well, you will know. Its no different when purchasing an investment condo, or a flat on your personal use. Might it be easy to resell, or can exactly the location hamper your own re-sale initiatives? When you're likely to let out it, is the condominium located near public transportation routes? Is the area safe? Many factors enter into play.

2) Parking
Maneuver, specifically at central locations such as Down Town, is always at a premium. Even if you are lucky enough to lease your investment out condominium to someone who does not generate their own vehicle, reselling a condo without its parking area is more difficult.

3) Balcony
With several flat-to-condo rate of conversion underway, it really is easy to forget about that a balcony remains still perhaps probably one of the absolute most important features asked by customers. Devoid of a location to take a seat down perhaps read a book at the fresh air or throw a few steak onto the'que, proprietors and renters will probably feel trapped in your own condo. Make certain that your expenditure decision condo has a balcony , if located on the main floor, then it even has a patio space, view source.

4) In-Suite Laundry
Much more important with unmarried men, but almost'vital' to female condominium customers and tenants. Having a protected place to get your laundry would be also, at least, a'nice to have' feature.

The above 4 features are perhaps the most important types to look at. Depending on your price range, you may want to consider several more:

Bonus: Concrete Constructing
Usually a bit more costly, but well worth the price. Quieter, more solid 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 yet another nice-to-have feature, making the condo significantly more comfortable and easier to lease out.

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

Back to my close good friend: His private purchase ended up being a exact bad deal, as his expense decision condo had n one of those features. Located in a rough part of the town, no parking area without a balcony, no more insuite laundry and also on the floor free of elevator is likely to make this a hard salein a popular market.