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

Things to look for in an Investment Condo

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

1) Location, Location, Loc...
You've heard this before. The major three most important points in real estate are....well, you know. Its different when purchasing an investment condo, or a condo on the personal use. Could it be easy to resellor will exactly the location hamper your own re-sale efforts? When you're planning to rent it out, may be the condo located near public transportation routes? Could be your neighbourhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central places such as Down Town, is always at a top. Even if you are fortunate enough to rent your investment out condominium to someone who does not drive their particular vehicle, reselling a condo without its own parking spot is more difficult.

3) Balcony
Using several flat-to-condo rate of conversion underway, it really is easy to forget about that a balcony remains perhaps one of the absolute most important features asked by potential buyers. Without a location to take a seat down perhaps read a book at the air or toss a few beef to the'que, proprietors and tenants will probably feel trapped of their condo. Make sure your expense decision condominium has a balcony or, if located around the main floor, then it even has a patio space, read this.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condominium potential buyers and renters. Having a safe place to do your own laundry would be , at the very least, a'good to have' feature.

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

Reward: Concrete Building
Usually a little more expensive, but worth the price. Quieter, stronger and stable, an investment condominium in Singapore with concrete floors and walls will also make for easier resalevalue.

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

Bonus: Safe Parking
Especially together with all our winter climate, having indoor or underground parking is an often-requested feature, albeit at a price premium

Back for my buddy: His private purchase ended up being a exact bad deal, as his expenditure condo had NONE of these features. Located in a demanding part of town, no parking area , no balcony, no more insuite laundry and on the next floor with no elevator can make this a tough salein a hot market.