Getting An Investment Condo? The Following Is A Guide!

Things to look for in an Expenditure Condo

A pal of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condominium about a year ago, and had done'privately', a choice he regretted for several reasons. As we're talking about his investment condo, my head went over the very best features any investor needs to really be looking for when purchasing a condo, visit website.

1 ) ) Location, Location, Loc...
You have heard that before. The leading three important issues in real estate are....well, you know. Its no different when purchasing an investment condo, or a flat for the own personal use. Will it be easy to spend , or does exactly the location hamper your own re-sale initiatives? If you should be planning to rent out it, could be your condominium located near public transportation routes? Is your area safe? Many factors enter into play.

2) Parking
Parking, especially at central locations such as downtown, is always at a premium. Even if you are lucky enough to lease your investment out condominium reselling a flat without its own parking spot is tougher.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony is still probably one of the most important features asked by purchasers. With out having a spot to sit down outside, perhaps read a novel at the brand new air or throw some steak onto the'que, proprietors and renters will come to feel trapped in your own condo. Make certain that your investment condo has a balcony , if located around the main floor, then it has a patio space, visit.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condominium customers and tenants. Having a secure place to do your laundry would be also, at the very least, a'nice to have' feature.

The above mentioned features are perhaps one of the most important types to look at. Depending upon Your price range, you may want to consider several further:

Bonus: Concrete Building
Usually a little more expensive, however, worth the price. Quieter, stronger and stable, an investment decision condo in Singapore with concrete floors and walls will also make for easier resale.

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

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

Back for my friend: his private purchase was a exact bad deal, as his expenditure condominium had NONE of the features. Located in a rough part of the town, no parking spotwithout a balcony, no more laundry and also on the floor free of elevator will make this a exact difficult sale, even in a hot market.