Purchasing An Expenditure Condo? There Is A Guide!

Things to Start Looking for in an Investment Decision Condo

A friend of mine called me a couple months ago, and asked me to give him a Market Evaluation on his investment condo in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a decision he now regretted for several reasons. As we were talking about his expenditure condo, my brain moved over the features any investor needs to be looking for when purchasing a condominium, click this link.

1 ) ) Location, Location, Loc...
You have heard this before. The major three important issues in real estate are....well, you know. Its different when purchasing an investment condo, or a flat for your personal use. Will it be easy to resell, or can exactly the location hamper your re-sale initiatives? When you're likely to let out it, may be the condominium located near public transportation routes? Could be the neighbourhood safe? Many factors come into play.

2) Parking
Maneuver, especially at central places such as downtown, is always at a premium. Even although you are lucky enough to lease out your investment condo reselling a condo without its own parking area is harder.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to forget about that a balcony remains perhaps one of the most important features requested by buyers. Devoid of a location to sit perhaps read a book in the brand new air or toss some steak on the'que, proprietors and tenants will probably truly come to feel trapped in their condo. Make sure your expenditure decision condominium has a balcony or, if located on the main floor, then it even has a patio space, read this.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condominium purchasers and tenants. Having a safe place to do your laundry would be , at least, a'good to have' feature.

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

Reward: Concrete Creating
Usually a bit costly, however, worth the purchase price. Quieter, more solid and stable, an investment decision condominium in Singapore with floors 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 condo more comfortable and easier to hire .

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

Back to my friend: his private purchase ended up being a exact poor deal, as his expenditure decision condo had n one of those features. Located in a rough part of the town, no parking area without a balcony, no more laundry and on the 3rd floor free of elevator will make this a tough sale, even in a hot market.