Purchasing An Expenditure Condo? The Following Is A Guide!

Things to Start Looking for in an Expenditure Condo

A close good friend of mine called me a couple of months ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had done 'privately', a determination he regretted for several reasons. As we were talking about his expense condo, my thoughts went over the very best features any investor should be on the lookout for when purchasing a condominium, home page.

1) Location, Location, Loc...
You've heard that earlier. The best three important ideas in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo on your very own personal use. Will it be easy to spend or does exactly the location hamper your re-sale efforts? When you're likely to rent out it, is the condominium located near public transportation routes? May be your neighborhood safe? Many factors come into play.

2) Parking
Maneuver, especially at central places such as Down Town, is always at a premium. Even although you are fortunate enough to lease your investment out condo reselling a flat without its own parking spot is more difficult.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it is easy to forget that a balcony is still perhaps probably one of the most important features requested by buyers. Without a location to sit down perhaps read a publication at the brand new air or toss some steak to the'que, owners and tenants will probably feel trapped of the condominium. Make sure your investment condo has a balcony or, if located around the main floor, it has a patio space, visit here.

4) In-Suite Laundry
Much more important with guys, but almost'vital' to female condominium customers and renters. Having a secure place to get your laundry would be , at least, a'good to have' feature.

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

Reward: Concrete Building
Usually a little more costly, however, worth the price. Quieter, more solid and stable, an investment decision condo in Singapore with concrete floors 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 significantly more comfortable and easier to hire .

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

Back to my friend: his private purchase was a very poor deal, as his expenditure decision condominium had NONE of those features. Located in a demanding part of the town, no parking area without a balcony, no more insuite laundry and on the floor with no elevator can make this a hard saleat a popular market.