Purchasing An Expense Condo? Here Is A Guide!

Things to Start Looking for in an Expenditure Condo

A close friend of mine called me a few weeks ago, and asked me to provide 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 determination he now regretted for several reasons. As we're talking about his expense condominium, my head moved over the features any investor needs to be on the lookout for when purchasing a condominium, learn more.

1 ) ) Location, Location, Loc...
You have heard that earlier. The best three important issues in real estate are....well, you will already know. Its different when purchasing an investment condo, or a flat on your personal use. Will it's easy to resellor will the location hamper your re-sale efforts? If you should be planning to rent out it, may be your condo located near public transportation channels? Is your neighbourhood safe? Many factors come in to play.

Two ) Parking
Maneuver, especially in central places such as downtown, is always at a premium. Even although you are fortunate enough to hire out your investment condominium reselling a flat without its own parking spot is tougher.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains probably one of the most important features requested by purchasers. Without a spot to take a seat perhaps read a novel in the brand new air or throw some beef onto the'que, owners and tenants will really come to feel trapped of your own condo. Make certain that your investment decision condo has a balcony , if located around the main floor, then it has a patio space, homepage.

4) In-Suite Laundry
Much more important with single males, but almost'vital' to female condominium buyers and renters. Having a safe place to do your laundry would be also, at the very least, a'nice to have' feature.

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

Reward: Concrete Developing
Usually a bit costly, however, worth the price. Quieter, more solid and stable, an investment decision condominium in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

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

Back for my good friend: his private purchase was a very bad deal, as his expense condominium had NONE of those features. Located in a rough part of town, no parking area without a balcony, no laundry and also on the floor free of elevator will make this a difficult salein a popular market.