Getting An Investment Decision Condo? Here Is A Information!

Matters to look for in an Expenditure Condo

A pal of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condo about a year ago, and had accomplished 'privately', a decision he now regretted for several reasons. As we were talking about his expenditure condominium, my thoughts moved over the very best features any investor should be looking for when purchasing a condominium, learn more.

1) Location, Location, Loc...
You have heard that before. The top three important factors in real estate are....well, you already know. Its no different when purchasing an investment condo, or a flat on your very own personal use. Might it be easy to resell, or will the location hamper your re-sale efforts? When you are planning to let out it, may be the condo located near public transportation channels? Could be your area safe? Many factors enter in to play.

2) Parking
Parking, especially in central locations such as downtown, is always at a top. If you are lucky enough to rent your investment out condo reselling a condo without its own parking spot is harder.

3) Balcony
With a number of flat-to-condo conversions underway, it really is easy to forget that a balcony remains one of the most important features requested by potential buyers. Devoid of a location to sit perhaps read a book at the brand new air or toss some steak to the'que, owners and renters will probably feel trapped inside their condominium. Make certain that your investment condo has a balcony , if located on the main floor, then it even has a patio space, clicking here.

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

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

Reward: Concrete Creating
Usually a bit costly, but really worth the price. Quieter, stronger and stable, an expenditure condominium in Singapore with concrete floors and walls will 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 hire .

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

Back to my buddy: his private purchase ended up being a exact bad deal, as his investment condo had n one of these features. Located in a demanding part of town, no parking area , no balcony, no laundry and on the next floor with no elevator is likely to make this a very difficult saleat a popular market.