Getting An Expenditure Condo? Here Is A Manual!

Things to Start Looking for in an Investment Condo

A pal of mine called me a couple of months ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had performed'privately', a choice he regretted for several reasons. As we're talking about his expenditure condominium, my mind moved over the features any investor should really be on the lookout for when purchasing a condominium, home page.

1 ) ) Location, Location, Loc...
You have heard that earlier. The best three most important points in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat on the very own personal use. Will it's easy to spend , or can exactly the location hamper your own re-sale initiatives? When you are likely to let it out, is the condo located near public transportation channels? May be the area safe? Many factors come into play.

Two ) Parking
Maneuver, especially at central places such as downtown, is always at a premium. Even if you are fortunate enough to lease out your investment condominium reselling a condo without its parking area is harder.

3) Balcony
Using several apartment-to-condo conversions underway, it's easy to overlook that a balcony remains still one of the most important features asked by buyers. With no a spot to sit perhaps read a novel at the air or toss some beef onto the'que, proprietors and renters will probably feel trapped in their condominium. Make certain that your expense condominium has a balcony or, if located around the main floor, it even has a patio space, website.

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

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

Bonus: Concrete Making
Usually a little more expensive, however, worth the purchase price. More quiet, stronger and stable, an investment condominium in Singapore with flooring and walls can also make for easier resalevalue.

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

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

Back to my good friend: his private purchase ended up being a exact inadequate deal, as his expense condo had NONE of the features. Located in a demanding part of town, no parking area without a balcony, no more insuite laundry and also on the floor with no elevator can make this a hard salein a hot market.