Purchasing An Expenditure Condo? The Following Is A Manual!

Things to look for in an Expenditure Condo

A good friend of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condo about a year ago, and had accomplished 'privately', a determination he regretted for several reasons. As we were talking about his expenditure condominium, my head moved over the very best features any investor needs to really be looking for when purchasing a condo, visit.

1 ) ) Location, Location, Loc...
You've heard that earlier. The best three important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo on your very own personal use. Will it's easy to spend , or can exactly the location hamper your re-sale initiatives? When you should be planning to let it out, is your condo located near public transportation channels? Is the area safe? Many factors come into play.

2) Parking
Maneuver, specifically in central locations such as Down Town, is always at a top. Even although you are fortunate enough to hire your investment out condo reselling a condo without its parking spot is more difficult.

3) Balcony
Using a number of apartment-to-condo conversions underway, it is easy to forget that a balcony remains still one of the absolute most important features requested by purchasers. With out a location to take a seat outside, perhaps read a book at the fresh air or throw a few beef on the'que, owners and tenants will probably truly feel trapped inside your own condominium. Make certain that your expense condo has a balcony or, if located on the main floor, then it has a patio space, visit website.

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

The above 4 features are perhaps the most important ones to take into account. Based on your price range, you may want to consider several more:

Bonus: Concrete Building
Usually a bit more expensive, but worth the price. More quiet, more solid and stable, an expenditure condo in Singapore with concrete floors and walls will also make for easier resale.

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

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

Back for my good friend: his private purchase ended up being a very bad deal, as his expenditure condominium had NONE of these features. Located in a rough part of town, no parking spot, no balcony, no laundry and on the floor free of elevator can make this a very hard salein a hot market.