Getting An Investment Condo? The Following Is A Manual!

Matters to look for in an Expenditure Decision Condo

A good friend 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 carried out 'privately', a decision he regretted for several reasons. As we're talking about his expenditure condo, my thoughts moved over the very best features any investor should really be looking for when purchasing a condominium, find out more.

1) Location, Location, Loc...
You have heard this before. The top three important ideas in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo on your own personal use. Can it's easy to resell, or will the location hamper your re-sale efforts? When you should be going to rent out it, could be your condominium located near public transportation channels? Could be the neighborhood safe? Many factors enter into play.

2) Parking
Parking, specifically at central places such as downtown, is always at a premium. Although you are lucky enough to lease your investment out condo to somebody who does not drive their own vehicle, reselling a condo without its parking area is harder.

3) Balcony
With several flat-to-condo conversions underway, it is easy to overlook that a balcony remains still one of the most important features asked by purchasers. Devoid of a location to take a seat outside, perhaps read a book at the brand new air or throw some steak on the'que, proprietors and tenants will probably come to feel trapped inside the condo. Make sure your investment condo has a balcony , if located on the main floor, it even has a patio space, visit this link.

4) In-Suite Laundry
Less important with single males, but almost'vital' to female condo potential buyers and renters. Having a secure place to get your own laundry isalso, at the very least, a'good to have' feature.

The above 4 features are perhaps the most important types to contemplate. Based on your price range, you may want to consider several more:

Reward: Concrete Creating
Usually a bit more expensive, however, worth the price. Quieter, stronger and stable, an investment decision condo in Singapore with flooring and walls can also make for easier resalevalue.

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

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

Back for my friend: his private purchase was a exact inadequate deal, as his investment condominium had n one of these features. Located in a rough part of town, no parking spot, no balcony, no laundry and on the 3rd floor free of elevator is likely to make this a tough salein a popular market.