Purchasing An Expense Condo? The Following Is A Information!

Things to look for in an Investment Decision Condo

A good friend of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his expense decision condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had completed'privately', a decision he regretted for several reasons. As we're talking about his investment condo, my thoughts moved over the very best features any investor should really be searching for when purchasing a condominium, home page.

1) Location, Location, Loc...
You've heard that before. The leading three important issues in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat on your own personal use. Might it's easy to resellor can the location hamper your re-sale initiatives? When you should be planning to rent out it, could be the condo located near public transportation routes? May be the neighborhood safe? Many factors enter into play.

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

3) Balcony
Using several flat-to-condo conversions underway, it's easy to forget about that a balcony is still perhaps probably one of the most important features requested by buyers. Devoid of a location to take a seat outside, perhaps read a book at the fresh air or throw some beef on the'que, owners and tenants will feel trapped inside your own condominium. Make sure your investment decision condo has a balcony , if located around the main floor, then it has a patio space, website.

4) In-Suite Laundry
Much more important with adult men, but almost'vital' to female condo purchasers and renters. Having a safe place to get your own laundry isalso, at least, a'nice to have' feature.

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

Bonus: Concrete Creating
Usually a bit more expensive, but worth the purchase price. More quiet, stronger and stable, an investment condominium in Singapore with flooring and walls will also make for easier resalevalue.

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

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

Back to my close friend: his private purchase ended up being a very poor deal, as his expenditure condo had NONE of these features. Located in a demanding part of the town, no parking spot, no balcony, no insuite laundry and also on the floor free of elevator can make this a hard saleat a hot market.