Getting An Investment Condo? Here Is A Manual!

Things to Start Looking for in an Investment Decision Condo

A pal of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his investment decision condominium in Singapore. He had purchased a small condominium about a year ago, and had performed'privately', a choice he now regretted for several reasons. As we were talking about his investment condominium, my brain moved over the features any investor needs to really be searching for when purchasing a condo, get more info.

1) Location, Location, Loc...
You've heard this before. The major three most important factors in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for the own personal use. Will it's easy to spend or can the location hamper your re-sale attempts? If you should be going to rent out it, may be your condominium located near public transportation routes? Is your neighborhood safe? Many factors enter into play.

Two ) Parking
Parking, specifically in central locations such as Down Town, is always at a top. Although you are fortunate enough to rent your investment out condo reselling a flat without its parking spot is more difficult.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it is easy to forget about that a balcony is one of the absolute most important features asked by consumers. Without a location to sit outside, perhaps read a publication in the fresh air or toss a few steak on the'que, proprietors and renters will probably come to feel trapped inside the condominium. Make sure your expense condominium has a balcony or, if located on the main floor, then it has a patio space, click here.

4) In-Suite Laundry
Less important with single adult men, but almost'vital' to female condominium potential buyers and tenants. Having a protected place to do your laundry would be , at the very least, a'good to have' feature.

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

Reward: Concrete Creating
Usually a little costly, but worth the purchase price. More quiet, more solid and stable, an investment condominium in Singapore with concrete flooring and walls will also make for easier resale.

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

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

Back to my friend: His private purchase ended up being a very bad deal, as his investment condominium had NONE of these features. Located in a rough part of town, no parking area without a balcony, no more insuite laundry and also on the 3rd floor with no elevator can make this a tough salein a popular market.