Purchasing An Expense Decision Condo? There Is A Information!

Things to Start Looking for in an Expenditure Decision Condo

A good buddy of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had done so'privately', a decision he regretted for several reasons. As we were talking about his expenditure condominium, my thoughts went over the very best features any investor needs to be looking for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You have heard this before. The top three important ideas in real estate are....well, you will know. Its different when purchasing an investment condo, or a flat on the very own personal use. Can it's easy to resell, or does exactly the location hamper your own re-sale efforts? When you should be planning to let it out, may be the condominium located near public transportation routes? Is your area safe? Many factors come into play.

2) Parking
Parking, specifically at central places such as downtown, is always at a top. If you are fortunate enough to hire out your investment condominium reselling a flat without its parking area is tougher.

3) Balcony
Using several apartment-to-condo conversions underway, it is easy to forget that a balcony is still probably one of the absolute most important features requested by buyers. Devoid of a spot to take a seat outside, perhaps read a publication in the brand new air or toss some steak onto the'que, owners and tenants will come to feel trapped in your own condominium. Make certain that your investment condo has a balcony or, if located on the main floor, then it even has a patio space, homepage.

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

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

Bonus: Concrete Creating
Usually a little more costly, but well worth the purchase price. Quieter, stronger and stable, an investment condo in Singapore with concrete flooring and walls can also make for easier resale.

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

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

Back for my close pal: His private purchase was a very bad deal, as his expenditure condo had n one of the features. Located in a demanding part of the town, no parking spot, no balcony, no more laundry and on the next floor free of elevator is likely to make this a very hard saleat a popular market.