Getting An Investment Condo? There Is A Information!

Things to Start Looking for in an Expenditure Condo

A friend of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his investment 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 head went over the very best features any investor should be on the lookout for when purchasing a condo, find out more.

1) Location, Location, Loc...
You have heard this before. The leading three most important ideas in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat on the very own personal use. Could it be easy to resell, or will exactly the location hamper your re-sale attempts? If you are likely to let it out, could be your condo located near public transportation channels? Could be your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central locations such as Down Town, is always at a premium. If you are lucky enough to lease out your investment condo reselling a flat without its parking area is tougher.

3) Balcony
With several apartment-to-condo rate of conversion underway, it is easy to overlook that a balcony remains probably one of the absolute most important features asked by customers. With out a spot to take a seat perhaps read a publication in the fresh air or throw some steak onto the'que, owners and renters will probably truly come to feel trapped of their condominium. Make certain that your investment condo has a balcony , if located around the main floor, it even has a patio space, learn more.

4) In-Suite Laundry
Much more important with adult males, but almost'vital' to female condominium purchasers and tenants. Having a safe place to do your laundry is, at least, a'nice to have' feature.

The above 4 features are perhaps one of the most important types. Based upon Your price range, you may want to consider several more:

Reward: Concrete Constructing
Usually a bit costly, however, well worth the price. More quiet, stronger and stable, an investment condo in Singapore with concrete flooring and walls can also make for easier resale.

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

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

Back to my good friend: his private purchase ended up being a very bad deal, as his expenditure condo had n one of these features. Located in a rough part of the town, no parking area , no balcony, no more insuite laundry and on the next floor with no elevator will make this a tough salein a popular market.