Getting An Expenditure Condo? There Is A Information!

Things to look for in an Investment Condo

A pal of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condominium about a year ago, and had carried out'privately', a determination he regretted for several reasons. As we were talking about his expense condo, my head moved over the top features any investor needs to really be looking for when purchasing a condo, learn more.

1 ) ) Location, Location, Loc...
You have heard this earlier. The leading three important items in real estate are....well, you will know. Its different when purchasing an investment condominium, or a condo for the very own personal use. Does it's easy to spend , or does the location hamper your re-sale initiatives? When you're going to let it out, may be your condo located near public transportation routes? May be your neighbourhood safe? Many factors come in to play.

Two ) Parking
Maneuver, specifically at central places such as downtown, is always at a top. Even if you are lucky enough to rent out your investment condo reselling a condo without its parking spot is tougher.

3) Balcony
Using a number of apartment-to-condo conversions underway, it is easy to forget that a balcony remains perhaps probably one of the absolute most important features requested by consumers. Without a spot to sit down outside, perhaps read a book in the fresh air or throw a few beef to the'que, owners and renters will truly feel trapped of their condominium. Make certain that your expenditure condominium has a balcony or, if located around the main floor, then it even has a patio space, more info.

4) In-Suite Laundry
Much more important with unmarried adult men, but almost'vital' to female condo buyers and renters. Having a secure place to get your own laundry would be , at least, a'nice to have' feature.

The above 4 features are perhaps the most important ones. Based upon Your price range, you may want to consider several further:

Bonus: Concrete Creating
Usually a bit expensive, but worth the purchase price. Quieter, more solid and stable, an investment condominium in Singapore with flooring 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 condominium more comfortable and easier to rent .

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

Back for my pal: his private purchase was a very poor deal, as his expense condo had n one of these features. Located in a rough part of the town, no parking spotwithout a balcony, no laundry and on the next floor with no elevator can make this a hard sale, even in a popular market.