Purchasing An Expense Decision Condo? Here Is A Guide!

Things to Start Looking for in an Investment Decision Condo

A pal of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condo about a year ago, and had accomplished'privately', a choice he regretted for several reasons. As we were talking about his expenditure condominium, my mind moved over the top features any investor needs to be searching for when purchasing a condominium, web site.

1 ) ) Location, Location, Loc...
You have heard this earlier. The best three most important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo for your personal use. Does it be easy to resell, or does the location hamper your re-sale initiatives? When you're going to let it out, could be your condo located near public transportation routes? Could be the neighbourhood safe? Many factors come into play.

Two ) Parking
Maneuver, specifically at central locations such as Down Town, is always at a premium. Although you are fortunate enough to rent your investment out condo reselling a condo without its parking spot is tougher.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it's easy to forget about that a balcony is still perhaps probably one of the absolute most important features requested by potential buyers. With out a spot to sit down outside, perhaps read a book in the fresh air or throw some steak on the'que, proprietors and renters will feel trapped inside your own condominium. Make certain that your expenditure condominium has a balcony , if located on the main floor, it even has a patio space, visit website.

4) In-Suite Laundry
Much more important with males, but almost'vital' to female condo customers and tenants. Having a safe place to do your own laundry would be , at least, a'nice to have' feature.

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

Bonus: Concrete Developing
Usually a little costly, however, worth the price. More quiet, more solid and stable, an investment decision condo in Singapore with concrete flooring and walls can also make for easier resale.

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

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

Back to my friend: His private purchase ended up being a very poor deal, as his expenditure decision condo had NONE of the features. Located in a demanding part of town, no parking area without a balcony, no laundry and on the floor free of elevator is likely to make this a hard sale, even in a popular market.