Purchasing An Expenditure Condo? Here Is A Manual!

Things to look for in an Investment Condo

A good friend of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his expense decision condo in Singapore. He had purchased a small condo about a year ago, and had carried out so'privately', a determination he now regretted for several reasons. As we were talking about his investment condo, my head went over the features any investor needs to really be on the lookout for when purchasing a condominium, website.

1 ) ) Location, Location, Loc...
You've heard this before. The best three important issues in real estate are....well, you will know. Its different when purchasing an investment condo, or a condo for the very own personal use. Can it be easy to spend or does exactly the location hamper your re-sale efforts? If you're going to rent out it, could be your condo located near public transportation routes? May be the neighborhood safe? Many factors enter in to play.

Two ) Parking
Maneuver, specifically in central locations such as downtown, is always at a top. Even if you are fortunate enough to hire out your investment condominium to someone who doesn't push their own vehicle, reselling a flat without its parking area is more difficult.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it really is easy to forget about that a balcony is probably one of the most important features asked by buyers. Devoid of a spot to take a seat outside, perhaps read a book at the air or toss a few beef to the'que, owners and tenants will really feel trapped of your own condo. Make sure your expense condominium has a balcony or, if located around the main floor, then it even has a patio space, visit here.

4) In-Suite Laundry
Much more important with males, but almost'vital' to female condo customers and renters. Having a safe place to get your laundry isalso, at the very least, a'nice to have' feature.

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

Bonus: Concrete Developing
Usually a little more costly, however, worth the price. More quiet, more solid and stable, an expenditure condo in Singapore with flooring and walls will also make for easier resalevalue.

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

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

Back to my close pal: His private purchase was a very poor deal, as his expense condominium had NONE of the features. Located in a demanding part of the town, no parking spot, no balcony, no more laundry and on the next floor free of elevator is likely to make this a difficult sale, even in a popular market.