Purchasing An Investment Decision Condo? Here Is A Guide!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his expenditure condo in Singapore. Turns out he had purchased a small condo about a year ago, and had performed 'privately', a decision he regretted for several reasons. As we're talking about his expense condominium, my brain went over the features any investor needs to really be on the lookout for when purchasing a condo, discover more.

1 ) ) Location, Location, Loc...
You have heard this earlier. The leading three important items in real estate are....well, you will already know. Its different when purchasing an investment condo, or a flat for the own personal use. Can it's easy to spend , or can exactly the location hamper your own re-sale attempts? When you should be going to rent it out, may be the condominium located near public transportation channels? May be the neighborhood safe? Many factors enter in to play.

2) Parking
Parking, especially at central locations such as downtown, is always at a premium. If you are fortunate enough to lease your investment out condominium reselling a flat without its own parking area is harder.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains perhaps one of the most important features asked by consumers. Devoid of a spot to sit outside, perhaps read a novel at the brand new air or toss a few beef to the'que, owners and renters will truly really feel trapped inside their condominium. Make sure your expense condominium has a balcony or, if located on the main floor, it even has a patio space, more info.

4) In-Suite Laundry
Less important with unmarried males, but almost'vital' to female condominium potential buyers and renters. Having a safe place to get your laundry would be also, at the very least, a'good to have' feature.

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

Bonus: Concrete Creating
Usually a bit more costly, however, worth the purchase price. More quiet, more solid and stable, an investment condominium in Singapore with floors and walls can also make for easier resalevalue.

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

Bonus: Secure Parking
Especially using all our chilly climate, having underground or indoor parking is an often-requested feature, albeit at a cost premium

Back for my close pal: His private purchase ended up being a exact poor deal, as his expenditure condominium had NONE of those features. Located in a demanding part of town, no parking area without a balcony, no laundry and also on the 3rd floor free of elevator is likely to make this a hard salein a hot market.