Getting An Investment Condo? There Is A Guide!

Matters to look for in an Investment Condo

A good friend of mine called me a couple of weeks ago, and asked me to give 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 were talking about his expense condominium, my brain went over the very best features any investor needs to be looking for when purchasing a condo, click here.

1 ) ) Location, Location, Loc...
You've heard this earlier. The major three important issues in real estate are....well, you will already know. Its no different when purchasing an investment condominium, or a condo on your own personal use. Could it's easy to resell, or will exactly the location hamper your re-sale initiatives? When you should be likely to let it out, is your condo located near public transportation channels? Is your neighborhood safe? Many factors enter in to play.

2) Parking
Parking, especially in central locations such as Down Town, is always at a premium. Even if you are fortunate enough to rent your investment out condominium to someone who does not generate their particular vehicle, reselling a flat without its parking area is tougher.

3) Balcony
Using a number of apartment-to-condo conversions underway, it is easy to forget about that a balcony is still perhaps one of the most important features asked by purchasers. Devoid of a spot to sit outside, perhaps read a book in the air or throw some steak onto the'que, proprietors and renters will probably really feel trapped inside their condo. Make certain that your expenditure condominium has a balcony or, if located on the main floor, then it has a patio space, website.

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

The above mentioned features are perhaps one of the most important ones to take into account. Depending upon Your price range, you may want to consider several more:

Bonus: Concrete Creating
Usually a little costly, however, worth the price. Quieter, stronger and stable, an expenditure decision condominium in Singapore with flooring 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 rent out.

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

Back to my close buddy: His private purchase was a very inadequate deal, as his expense condo had NONE of those 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 difficult salein a popular market.