Purchasing An Investment Condo? Here Is A Information!

Matters to look for in an Expenditure Condo

A buddy of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his investment condo in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a decision he now regretted for several reasons. As we're talking about his expense condominium, my mind moved over the very best features any investor should be looking for when purchasing a condominium, visit this link.

1 ) ) Location, Location, Loc...
You have heard that before. The top three most important factors in real estate are....well, you know. Its no different when purchasing an investment condo, or a condo on your very own personal use. Does it's easy to resellor will exactly the location hamper your re-sale efforts? If you should be planning to rent out it, is the condominium located near public transportation channels? Could be the area safe? Many factors enter into play.

Two ) Parking
Parking, especially in central locations such as downtown, is always at a premium. Even although you are lucky enough to lease out your investment condominium to somebody who doesn't push their particular vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
With several apartment-to-condo conversions underway, it's easy to overlook that a balcony is still one of the absolute most important features requested by potential buyers. Without a location to take a seat perhaps read a publication at the fresh air or toss a few steak to the'que, proprietors and renters will feel trapped inside their condominium. Make certain that your investment decision condominium has a balcony or, if located on the main floor, then it even has a patio space, visit.

4) In-Suite Laundry
Much more important with males, but almost'vital' to female condo potential buyers and tenants. Having a protected place to get your laundry would be , at the very least, a'nice to have' feature.

The above 4 features are perhaps the most important types to contemplate. Depending on your price range, you may want to consider several more:

Bonus: Concrete Building
Usually a little expensive, but really worth the purchase price. Quieter, stronger and stable, an investment condominium in Singapore with floors and walls will also make for easier resale.

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

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

Back to my good friend: his private purchase was a exact poor deal, as his expenditure condo had n one of the features. Located in a demanding part of the town, no parking area without a balcony, no more laundry and also on the floor with no elevator can make this a tough salein a popular market.