Purchasing An Expenditure Decision Condo? The Following Is A Manual!

Matters to look for in an Expenditure Decision Condo

A close friend of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his investment decision condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had performed'privately', a determination he regretted for several reasons. As we were talking about his expense condominium, my thoughts moved over the top features any investor needs to really be on the lookout for when purchasing a condominium, discover more here.

1 ) ) Location, Location, Loc...
You've heard this earlier. The top three important ideas in real estate are....well, you will already know. Its different when purchasing an investment condo, or a condo on the very own personal use. Might it's easy to spend or can exactly the location hamper your own re-sale attempts? When you should be going to let out it, may be the condo located near public transportation routes? May be your area safe? Many factors enter into play.

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

3) Balcony
Using several apartment-to-condo conversions underway, it is easy to forget that a balcony is still probably one of the absolute most important features requested by potential buyers. With out having a spot to take a seat outside, perhaps read a novel at the air or throw some beef to the'que, proprietors and renters will probably really feel trapped of your own condo. Make sure your investment condominium has a balcony , if located on the main floor, it has a patio space, website.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condo customers and renters. Having a protected place to get your laundry is, at least, a'good to have' feature.

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

Reward: Concrete Building
Usually a bit more costly, but worth the price. More quiet, more solid and stable, an investment decision condo in Singapore with concrete flooring 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 lease .

Bonus: Secure Parking
Especially together with our chilly climate, having underground or indoor parking is still also an often-requested feature, albeit at a price premium

Back for my close friend: his private purchase ended up being a exact bad deal, as his investment decision condominium had NONE of these features. Located in a demanding part of the town, no parking spot, no balcony, no insuite laundry and on the floor with no elevator can make this a exact tough salein a hot market.