Getting An Expenditure Condo? Here Is A Guide!

Things to Start Looking for in an Investment Decision Condo

A good friend of mine called me a couple of months ago, and asked me to give him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condominium about a year ago, and had performed'privately', a determination he regretted for several reasons. As we were talking about his investment condominium, my head moved over the very best features any investor should really be on the lookout for when purchasing a condominium, web site.

1) Location, Location, Loc...
You have heard that earlier. The best three important issues in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat on the very own personal use. Can it's easy to resellor will exactly the location hamper your re-sale attempts? When you should be planning to rent it out, is the condominium located near public transportation routes? Could be your neighborhood safe? Many factors come in to play.

2) Parking
Maneuver, specifically in central locations such as downtown, is always at a top. Even if you are fortunate enough to rent out your investment condominium to someone who does not drive their own vehicle, reselling a flat without its own parking area is harder.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to forget that a balcony remains one of the most important features asked by consumers. Devoid of a location to take a seat down outside, perhaps read a novel at the fresh air or throw a few steak onto the'que, owners and tenants will probably really come to feel trapped inside your own condo. Make sure your investment condominium has a balcony , if located on the main floor, then it even has a patio space, more info.

4) In-Suite Laundry
Less important with adult men, but almost'vital' to female condo purchasers and tenants. Having a safe place to get your laundry would be , at the very least, a'good to have' feature.

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

Bonus: Concrete Constructing
Usually a little costly, but well worth the price. More quiet, more solid and stable, an investment condominium in Singapore with floors and walls will also make for easier resale.

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

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

Back to my close friend: his private purchase was a very bad deal, as his investment condo had n one of those features. Located in a rough part of the town, no parking spotwithout a balcony, no more laundry and on the 3rd floor with no elevator will make this a very tough salein a hot market.