Purchasing An Expenditure Condo? There Is A Manual!

Matters to look for in an Expenditure Decision Condo

A pal of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condo about a year ago, and had accomplished 'privately', a decision he regretted for several reasons. As we were talking about his expense condo, my thoughts moved over the top features any investor should be looking for when purchasing a condo, homepage.

1 ) ) Location, Location, Loc...
You have heard that earlier. The major three most important things in real estate are....well, you will already know. Its different when purchasing an investment condo, or a flat on the personal use. Could it's easy to spend or can the location hamper your own re-sale attempts? If you should be going to let it out, is the condominium located near public transportation channels? Is your neighbourhood safe? Many factors come into play.

2) Parking
Parking, specifically in central places such as downtown, is always at a top. Even if you are lucky enough to hire out your investment condo to somebody who does not generate their own vehicle, reselling a condo without its parking spot is more difficult.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it really is easy to forget that a balcony is perhaps probably one of the absolute most important features requested by consumers. Devoid of a location to take a seat outside, perhaps read a publication in the brand new air or toss a few beef to the'que, owners and renters will really feel trapped in your own condominium. Make certain that your expense condominium has a balcony , if located on the main floor, then it has a patio space, visit.

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

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

Reward: Concrete Creating
Usually a little costly, but worth the price. Quieter, stronger and stable, an investment condo in Singapore with floors and walls can also make for easier resalevalue.

Bonus: Central Air
Central air conditioning and heating is yet another nice-to-have feature, making the condominium significantly more comfortable and easier to rent .

Reward: Safe Parking
Especially using our chilly climate, having indoor or subterranean parking is still an often-requested feature, albeit at a cost premium

Back to my close buddy: His private purchase ended up being a exact bad deal, as his expenditure decision condominium had NONE of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no more insuite laundry and also on the floor with no elevator is likely to make this a challenging salein a hot market.