Getting An Trading Decision Condo? There Is A Manual!

Things to look for in an Expenditure Condo

A pal of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had performed so'privately', a determination he regretted for several reasons. As we're talking about his expense condo, my head moved over the very best features any investor needs to really be on the lookout for when purchasing a condo, learn more here.

1 ) ) Location, Location, Loc...
You've heard that before. The top three important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat on your very own personal use. Could it be easy to resellor can exactly the location hamper your re-sale attempts? If you should be likely to let it out, may be the condominium located near public transportation routes? Could be your area safe? Many factors come in to play.

2) Parking
Parking, especially in central locations such as downtown, is always at a premium. Even although you are lucky enough to rent out your investment condominium reselling a condo without its parking spot is more difficult.

3) Balcony
With several flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains still one of the absolute most important features requested by consumers. Without a location to sit outside, perhaps read a book in the fresh air or throw a few beef to the'que, owners and tenants will probably truly feel trapped of their condominium. Make sure your expenditure condo has a balcony , if located on the main floor, then it has a patio space, home page.

4) In-Suite Laundry
Less important with males, but almost'vital' to female condominium customers and renters. Having a protected place to get your laundry is, at least, a'good to have' feature.

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

Bonus: Concrete Constructing
Usually a little costly, but worth the purchase price. Quieter, stronger and stable, an expenditure condominium in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

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

Back for my friend: His private purchase ended up being a very poor deal, as his investment condominium had NONE of the features. Located in a demanding part of the town, no parking spot, no balcony, no more laundry and also on the 3rd floor with no elevator can make this a hard salein a hot market.