Purchasing An Expense Condo? Here Is A Manual!

Things to Start Looking for in an Expenditure Condo

A friend of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had completed 'privately', a choice he now regretted for several reasons. As we're talking about his expense condominium, my brain moved over the very best features any investor should really be on the lookout for when purchasing a condominium, find out more.

1 ) ) Location, Location, Loc...
You've heard this earlier. The top three most important items in real estate are....well, you will know. Its different when purchasing an investment condominium, or a flat on your own personal use. Will it's easy to resell, or can exactly the location hamper your re-sale initiatives? When you are going to rent it out, could be the condominium located near public transportation routes? Could be the neighbourhood safe? Many factors come into play.

2) Parking
Maneuver, specifically in central locations such as downtown, is always at a premium. Even although you are fortunate enough to hire out your investment condo reselling a flat without its parking spot is harder.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it is easy to forget about that a balcony is one of the most important features asked by consumers. With out a location to sit outside, perhaps read a publication in the air or throw a few beef to the'que, proprietors and tenants will probably come to feel trapped of their condominium. Make sure your investment decision condominium has a balcony , if located on the main floor, then it even has a patio space, go here.

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

The above 4 features are perhaps one of the most important ones. Based upon Your price range, you may want to consider several further:

Reward: Concrete Creating
Usually a bit costly, but worth the price. More quiet, stronger and stable, an expenditure condo in Singapore with concrete floors and walls can also make for easier resale.

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

Reward: Secure Parking
Especially using all our chilly climate, having underground or indoor parking is still an often-requested feature, albeit at a price premium

Back for my close buddy: his private purchase was a exact bad deal, as his expense condo had NONE of these features. Located in a rough part of town, no parking area without a balcony, no insuite laundry and also on the floor free of elevator is likely to make this a exact challenging salein a popular market.