Getting An Expenditure Decision Condo? There Is A Manual!

Matters to Start Looking for in an Investment Condo

A buddy of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. He had purchased a small condo about a year ago, and had accomplished 'privately', a decision he regretted for several reasons. As we're talking about his investment condominium, my mind went over the very best features any investor should be looking for when purchasing a condominium, click here.

1 ) ) Location, Location, Loc...
You've heard that earlier. The leading three important things in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for your very own personal use. Does it be easy to resellor will the location hamper your re-sale initiatives? When you're going to let it out, may be the condominium located near public transportation channels? May be your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central locations such as Down Town, is always at a premium. Although you are lucky enough to rent out your investment condominium to somebody who does not generate their own vehicle, reselling a condo without its parking spot is harder.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it really is easy to overlook that a balcony is probably one of the absolute most important features asked by potential buyers. With out having a location to take a seat outside, perhaps read a publication in the air or throw some steak to the'que, owners and renters will probably really feel trapped of your own condominium. Make sure your investment condominium has a balcony , if located around the main floor, it has a patio space, discover more here.

4) In-Suite Laundry
Much more important with unmarried males, but almost'vital' to female condominium customers and tenants. Having a safe place to get your own laundry is, at the very least, a'nice to have' feature.

The above mentioned features are perhaps the most important ones to take into account. Depending on your price range, you may want to consider several further:

Bonus: Concrete Building
Usually a bit expensive, however, worth the price. Quieter, more solid and stable, an investment condo in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my friend: his private purchase ended up being a very bad deal, as his expense condo had n one of these features. Located in a demanding part of town, no parking area without a balcony, no insuite laundry and also on the floor with no elevator is likely to make this a difficult saleat a popular market.