Getting An Expense Decision Condo? The Following Is A Guide!

Things to Start Looking for in an Expenditure Condo

A close good friend of mine called me a couple months ago, and asked me to give him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condo about a year ago, and had completed so'privately', a decision he now regretted for several reasons. As we were talking about his expense condominium, my thoughts went over the very best features any investor should really be looking for when purchasing a condo, learn more.

1) Location, Location, Loc...
You've heard that before. The major three most important points in real estate are....well, you know. Its no different when purchasing an investment condo, or a condo for the very own personal use. Can it be easy to resellor can the location hamper your own re-sale initiatives? When you are planning to let out it, is the condo located near public transportation channels? Is your area safe? Many factors come into play.

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

3) Balcony
Using a number of apartment-to-condo conversions underway, it is easy to forget that a balcony is still probably one of the absolute most important features requested by potential buyers. With no a spot to take a seat perhaps read a book at the air or toss a few steak onto the'que, owners and tenants will feel trapped in their condo. Make sure your expenditure condo has a balcony , if located around the main floor, then it has a patio space, website.

4) In-Suite Laundry
Less important with men, but almost'vital' to female condominium customers and tenants. Having a protected place to get your laundry is, at least, a'good to have' feature.

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

Bonus: Concrete Building
Usually a little expensive, but worth the price. Quieter, more solid and stable, an investment decision condominium in Singapore with concrete flooring 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 .

Bonus: Protected Parking
Especially using all our winter climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back to my pal: His private purchase ended up being a very inadequate deal, as his expense condominium had n one of those features. Located in a demanding part of the town, no parking area , no balcony, no laundry and on the floor free of elevator will make this a exact difficult sale, even in a hot market.