Purchasing An Expenditure Condo? The Following Is A Information!

Things to Start Looking for in an Expenditure Decision Condo

A close good buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expense decision condo in Singapore. He had purchased a small condominium about a year ago, and had carried out'privately', a decision he regretted for several reasons. As we were talking about his expense condominium, my mind moved over the features any investor should really be on the lookout for when purchasing a condo, homepage.

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 condo, or a condo on the own personal use. Does it's easy to resell, or can the location hamper your re-sale attempts? If you should be likely to rent it out, could be your condominium located near public transportation channels? Is your neighbourhood safe? Many factors enter into play.

Two ) Parking
Parking, especially at central locations such as Down Town, is always at a premium. Even although you are lucky enough to rent out your investment condo to somebody who does not generate their own vehicle, reselling a flat without its own parking spot is more difficult.

3) Balcony
With several flat-to-condo rate of conversion underway, it's easy to overlook that a balcony remains probably one of the most important features asked by buyers. With no a spot to sit outside, perhaps read a book at the brand new air or throw a few beef onto the'que, owners and tenants will come to feel trapped of their condominium. Make certain that your expenditure condominium has a balcony or, if located around the main floor, it even has a patio space, get more info.

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

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

Reward: Concrete Constructing
Usually a bit expensive, but well worth the price. More quiet, more solid and stable, an expenditure decision condominium in Singapore with concrete flooring and walls will also make for easier resalevalue.

Bonus: Central Air
Central air conditioning and heating is another nice-to-have feature, making the condo more comfortable and easier to hire .

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

Back to my close buddy: His private purchase was a exact inadequate deal, as his expense condo had NONE of the features. Located in a rough part of town, no parking spot, no balcony, no laundry and also on the 3rd floor free of elevator is likely to make this a challenging salein a hot market.