Purchasing An Expense Condo? The Following Is A Guide!

Matters to look for in an Expenditure Condo

A close friend of mine called me a couple weeks ago, and asked me to provide him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had performed 'privately', a decision he regretted for several reasons. As we're talking about his expenditure condominium, my head moved over the features any investor needs to be on the lookout for when purchasing a condominium, website.

1 ) ) Location, Location, Loc...
You've heard that earlier. The leading three important points in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a flat for your very own personal use. Does it be easy to spend or can exactly the location hamper your re-sale attempts? When you are going to rent it out, could be the condominium located near public transportation channels? Is your neighbourhood safe? Many factors enter into play.

Two ) Parking
Parking, especially in central places such as downtown, is always at a top. If you are lucky enough to rent your investment out condo to somebody who doesn't push their particular vehicle, reselling a flat without its parking spot is harder.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it really is easy to forget about that a balcony is still one of the most important features requested by potential buyers. Devoid of a spot to sit outside, perhaps read a book at the air or toss some steak on the'que, owners and renters will feel trapped in the condominium. Make certain that your investment condo has a balcony , if located around the main floor, then it even has a patio space, view source.

4) In-Suite Laundry
Less important with unmarried adult males, but almost'vital' to female condo customers and renters. Having a secure place to get your laundry would be , at the very least, a'nice to have' feature.

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

Reward: Concrete Building
Usually a little expensive, but really worth the purchase price. Quieter, stronger and stable, an investment decision condo in Singapore with floors and walls will also make for easier resale.

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

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

Back to my buddy: his private purchase ended up being a exact poor deal, as his expense condominium had NONE of the features. Located in a rough part of town, no parking spotwithout a balcony, no more insuite laundry and also on the floor free of elevator will make this a exact tough salein a popular market.