Purchasing An Expense Decision Condo? The Following Is A Information!

Matters to Start Looking for in an Expenditure Decision Condo

A friend of mine called me a couple weeks ago, and asked me to provide him a Market Evaluation on his expense condo in Singapore. He had purchased a small condo about a year ago, and had completed'privately', a choice he now regretted for several reasons. As we were talking about his expenditure condominium, my thoughts moved over the features any investor needs to really be searching for when purchasing a condominium, click here.

1) Location, Location, Loc...
You have heard that before. The major three important items in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat on your personal use. Might it be easy to resell, or can the location hamper your re-sale initiatives? If you should be planning to let out it, is the condominium located near public transportation channels? May be the neighbourhood safe? Many factors enter into play.

Two ) Parking
Parking, especially in central locations such as Down Town, is always at a premium. Although you are lucky enough to rent out your investment condo reselling a flat without its parking spot is harder.

3) Balcony
Using a number of flat-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 buyers. Without having a spot to sit perhaps read a publication in the brand new air or toss a few beef to the'que, proprietors and renters will probably come to feel trapped inside your own condominium. Make certain that your expense condo has a balcony , if located on the main floor, it has a patio space, website.

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

The above mentioned features are perhaps the most important types to contemplate. Depending upon Your price range, you may want to consider several more:

Bonus: Concrete Developing
Usually a little expensive, but really worth the price. More quiet, more solid and stable, an expenditure decision condo in Singapore with concrete floors and walls can also make for easier resale.

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

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

Back for my close pal: his private purchase was a very poor deal, as his investment decision condo had n one of those features. Located in a rough part of the town, no parking area , no balcony, no laundry and on the next floor with no elevator will make this a very difficult salein a hot market.