Purchasing An Investment Condo? The Following Is A Information!

Matters to Start Looking for in an Investment Decision Condo

A buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expense decision condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed'privately', a decision he regretted for several reasons. As we're talking about his expense condo, my thoughts moved over the features any investor needs to be looking for when purchasing a condo, homepage.

1 ) ) Location, Location, Loc...
You have heard that before. The major three important factors in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a flat on your personal use. Can it be easy to resellor does exactly the location hamper your own re-sale initiatives? When you should be likely to let out it, is your condominium located near public transportation routes? Is the area safe? Many factors come into play.

2) Parking
Parking, specifically at central places such as Down Town, is always at a premium. Even if you are lucky enough to hire out your investment condo to somebody who does not generate their own vehicle, reselling a flat without its parking area is harder.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it really is easy to overlook that a balcony is still perhaps probably one of the absolute most important features requested by consumers. With no a spot to sit down perhaps read a publication at the brand new air or throw a few steak to the'que, owners and tenants will really feel trapped in the condo. Make certain that your expenditure condominium has a balcony , if located around the main floor, it has a patio space, read more here.

4) In-Suite Laundry
Less important with single men, but almost'vital' to female condo potential purchasers and tenants. Having a secure place to get your laundry isalso, at the very least, a'good to have' feature.

The above mentioned features are perhaps one of the most important ones. Based on your price range, you may want to consider several more:

Bonus: Concrete Making
Usually a bit costly, but really worth the purchase price. More quiet, stronger and stable, an expenditure decision condominium in Singapore with flooring 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 more comfortable and easier to lease out.

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

Back to my close buddy: His private purchase was a exact bad deal, as his investment decision condominium had NONE of these features. Located in a rough part of town, no parking spot, no balcony, no insuite laundry and also on the floor free of elevator is likely to make this a tough sale, even in a popular market.