Getting An Expense Decision Condo? There Is A Information!

Things to look for in an Investment Decision Condo

A friend of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expenditure decision condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed so'privately', a choice he regretted for several reasons. As we were talking about his investment condo, my thoughts went over the top features any investor needs to really be on the lookout for when purchasing a condominium, click this link.

1 ) ) Location, Location, Loc...
You've heard that before. The leading three important points in real estate are....well, you will know. Its no different when purchasing an investment condominium, or a flat on your very own personal use. Does it be easy to resellor can exactly the location hamper your re-sale efforts? When you are planning to let out it, could be your condo located near public transportation channels? Is the area safe? Many factors enter into play.

Two ) Parking
Maneuver, especially at central places such as Down Town, is always at a top. Even 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 area is harder.

3) Balcony
Using a number of apartment-to-condo conversions underway, it really is easy to forget about that a balcony remains still perhaps probably one of the absolute most important features requested by purchasers. Without a location to take a seat perhaps read a publication in the brand new air or toss a few beef onto the'que, owners and tenants will probably feel trapped inside the condominium. Make certain that your expenditure condo has a balcony or, if located on the main floor, it has a patio space, website.

4) In-Suite Laundry
Less important with single men, but almost'vital' to female condo purchasers and renters. Having a protected place to get your laundry isalso, at least, a'nice 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:

Reward: Concrete Developing
Usually a little costly, however, worth the purchase price. More quiet, more solid and stable, an expenditure condominium in Singapore with concrete floors and walls can also make for easier resale.

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

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

Back for my pal: his private purchase was a exact inadequate deal, as his expenditure condominium had n one of the features. Located in a demanding part of town, no parking area , no balcony, no more laundry and also on the 3rd floor with no elevator will make this a very tough salein a popular market.