Purchasing An Expense Decision Condo? Here Is A Information!

Things to Start Looking for in an Expenditure Condo

A buddy of mine called me a couple of 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 done 'privately', a determination he regretted for several reasons. As we were talking about his expense condominium, my head went over the features any investor should be searching for when purchasing a condominium, read more here.

1 ) ) Location, Location, Loc...
You've heard that before. The leading three most important points in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo on the own personal use. Can it's easy to resell, or does exactly the location hamper your own re-sale initiatives? If you should be likely to rent it out, could be the condo located near public transportation routes? May be your neighbourhood safe? Many factors come in to play.

Two ) Parking
Parking, especially in central locations such as downtown, is always at a premium. Even if you are fortunate enough to hire out your investment condominium to someone who does not generate their own vehicle, reselling a flat without its parking area is more difficult.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it really is easy to overlook that a balcony remains probably one of the absolute most important features asked by consumers. Devoid of a spot to sit down outside, perhaps read a publication in the air or toss some beef to the'que, owners and renters will really feel trapped of the condominium. Make sure your expense condo has a balcony , if located around the main floor, it even has a patio space, more info.

4) In-Suite Laundry
Much more important with unmarried males, but almost'vital' to female condo customers and renters. Having a protected place to do your laundry isalso, at the very least, a'good 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 more:

Reward: Concrete Constructing
Usually a bit more expensive, however, worth the price. More quiet, more solid and stable, an investment condominium in Singapore with concrete flooring and walls can also make for easier resale.

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

Bonus: Safe Parking
Especially with all our chilly climate, having indoor or subterranean parking is an often-requested feature, albeit at a price premium

Back for my friend: his private purchase ended up being a very bad deal, as his expenditure condo had n one of these features. Located in a rough part of the town, no parking spot, no balcony, no more insuite laundry and also on the next floor with no elevator can make this a hard saleat a popular market.