Getting An Investment Decision Condo? There Is A Manual!

Things to look for in an Investment Condo

A good buddy of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his expense decision condo in Singapore. Turns out he had purchased a small condo about a year ago, and had accomplished'privately', a choice he now regretted for several reasons. As we're talking about his expenditure condominium, my mind moved over the features any investor should be searching for when purchasing a condominium, read more.

1 ) ) Location, Location, Loc...
You've heard this earlier. The top three most important things in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a flat for your personal use. Does it's easy to spend , or can exactly the location hamper your own re-sale attempts? If you are likely to let out it, is the condo located near public transportation routes? May be your area safe? Many factors come into play.

Two ) Parking
Maneuver, especially in central locations such as Down Town, is always at a top. Although you are lucky enough to hire your investment out condominium reselling a condo without its parking spot is more difficult.

3) Balcony
With a number of flat-to-condo conversions underway, it really is easy to overlook that a balcony remains still one of the most important features requested by consumers. Without having a location to take a seat perhaps read a publication in the air or toss a few steak on the'que, owners and tenants will probably come to feel trapped in the condominium. Make certain that your expenditure decision condominium has a balcony , if located around the main floor, it has a patio space, learn more.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condo buyers and tenants. Having a protected place to get your laundry is, at the very least, a'good to have' feature.

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

Bonus: Concrete Constructing
Usually a little more expensive, however, well worth the price. More quiet, stronger and stable, an expenditure decision condominium 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 condominium more comfortable and easier to hire .

Reward: Protected Parking
Especially with our chilly climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back for my pal: his private purchase was a exact bad deal, as his expense condominium had NONE of the features. Located in a rough part of town, no parking spot, no balcony, no insuite laundry and also on the floor with no elevator can make this a very challenging salein a hot market.