Purchasing An Investment Condo? Here Is A Guide!

Matters to look for in an Investment Condo

A good friend 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 carried out so'privately', a decision he regretted for several reasons. As we're talking about his expenditure condominium, my thoughts moved over the top features any investor should really be on the lookout for when purchasing a condominium, click this link.

1 ) ) Location, Location, Loc...
You have heard that earlier. The leading three most important things in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your personal use. Could it be easy to resell, or can the location hamper your own re-sale efforts? If you should be likely to rent out it, could be your condominium located near public transportation channels? Is your area safe? Many factors come into play.

2) Parking
Maneuver, specifically in central places such as downtown, is always at a premium. If you are lucky enough to hire out your investment condo reselling a flat without its parking area is harder.

3) Balcony
With a number of apartment-to-condo conversions underway, it's easy to forget about that a balcony remains still perhaps probably one of the absolute most important features requested by buyers. With out a spot to take a seat down outside, perhaps read a novel at the air or toss a few steak onto the'que, proprietors and tenants will really come to feel trapped of their condominium. Make certain that your expenditure condominium has a balcony , if located on the main floor, it has a patio space, find out more.

4) In-Suite Laundry
Much more important with unmarried guys, but almost'vital' to female condo buyers and renters. Having a secure place to do your laundry would be also, at the very least, a'good to have' feature.

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

Bonus: Concrete Building
Usually a little more costly, however, worth the purchase price. More quiet, more solid and stable, an investment condominium in Singapore with flooring and walls will also make for easier resale.

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

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

Back for my pal: His private purchase was a exact inadequate deal, as his expenditure condo had NONE of those features. Located in a rough part of the town, no parking spot, no balcony, no insuite laundry and also on the floor free of elevator is likely to make this a very hard saleat a popular market.