Purchasing An Investment Decision Condo? Here Is A Information!

Things to look for in an Investment Condo

A good friend of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had accomplished'privately', a choice he now regretted for several reasons. As we're talking about his investment condo, my thoughts moved over the very best features any investor should be on the lookout for when purchasing a condominium, learn more here.

1) Location, Location, Loc...
You have heard this before. The best three most important issues in real estate are....well, you know. Its no different when purchasing an investment condo, or a condo for the personal use. Might it's easy to resellor can the location hamper your own re-sale initiatives? If you are planning to rent out it, may be your condominium located near public transportation channels? Could be the neighborhood safe? Many factors come into play.

Two ) Parking
Maneuver, specifically in central locations such as downtown, is always at a premium. If you are fortunate enough to hire your investment out condo to someone who doesn't drive their own vehicle, reselling a condo without its own parking area is more difficult.

3) Balcony
Using several apartment-to-condo conversions underway, it is easy to forget about that a balcony remains still perhaps probably one of the most important features requested by consumers. With out having a location to take a seat down outside, perhaps read a publication at the brand new air or toss some beef on the'que, owners and renters will probably really feel trapped in your own condo. Make sure your investment condominium has a balcony , if located on the main floor, then it has a patio space, website.

4) In-Suite Laundry
Less important with adult men, but almost'vital' to female condo buyers and renters. Having a secure place to get your own laundry would be , at least, a'nice to have' feature.

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

Bonus: Concrete Constructing
Usually a bit more expensive, but really worth the purchase price. More quiet, stronger and stable, an investment condominium in Singapore with floors and walls can also make for easier resalevalue.

Reward: 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 using our chilly climate, having indoor or subterranean parking is an often-requested feature, albeit at a price premium

Back to my friend: His private purchase ended up being a exact inadequate deal, as his expense condominium had NONE of these features. Located in a demanding part of the town, no parking area , no balcony, no more insuite laundry and on the floor with no elevator will make this a very difficult sale, even in a hot market.