Purchasing An Expense Decision Condo? Here Is A Manual!

Things to Start Looking for in an Investment Condo

A buddy of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expenditure 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 expenditure condominium, my brain moved over the very best features any investor should be on the lookout for when purchasing a condominium, web site.

1) Location, Location, Loc...
You've heard this before. The leading three most important ideas in real estate are....well, you will already know. Its no different when purchasing an investment condominium, or a flat on your own personal use. Might it's easy to resellor will exactly the location hamper your own re-sale efforts? If you are going to let it out, may be your condominium located near public transportation routes? Is the neighbourhood safe? Many factors enter into play.

2) Parking
Maneuver, especially at central locations such as downtown, is always at a premium. Although you are fortunate enough to rent your investment out condominium reselling a condo 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 still perhaps probably one of the absolute most important features requested by customers. Without having a location to sit down perhaps read a publication in the air or throw a few beef to the'que, owners and renters will truly come to feel trapped of your own condo. Make certain that your investment condominium has a balcony , if located around the main floor, then it even has a patio space, click here.

4) In-Suite Laundry
Less important with single guys, but almost'vital' to female condominium purchasers and renters. Having a secure place to get your laundry is, at least, a'nice to have' feature.

The above 4 features are perhaps the most important types to take into account. Based on your price range, you may want to consider several further:

Bonus: Concrete Making
Usually a little more costly, however, worth the price. Quieter, stronger and stable, an expenditure condo in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my good friend: His private purchase was a very bad deal, as his expense condominium had n one of these features. Located in a rough part of the town, no parking spotwithout a balcony, no laundry and also on the next floor free of elevator can make this a challenging salein a popular market.