Purchasing An Investment Decision Condo? Here Is A Manual!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a couple of months ago, and asked me to offer him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condo about a year ago, and had done so'privately', a determination he regretted for several reasons. As we're talking about his expenditure condo, my head went over the features any investor needs to really be searching for when purchasing a condominium, visit this link.

1 ) ) Location, Location, Loc...
You have heard this before. The best three most important factors in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your very own personal use. Will it be easy to resellor can the location hamper your re-sale efforts? When you are planning to let out it, may be the condominium located near public transportation channels? Could be your neighbourhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central places such as Down Town, is always at a premium. Even although you are fortunate enough to hire your investment out condo to someone who does not drive their own vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
With several apartment-to-condo rate of conversion underway, it's easy to overlook that a balcony remains perhaps probably one of the absolute most important features requested by consumers. With out having a location to take a seat down perhaps read a novel at the air or toss a few beef to the'que, proprietors and tenants will probably truly come to feel trapped in their condominium. Make sure your investment condominium has a balcony , if located around the main floor, then it has a patio space, learn more here.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condo customers and renters. Having a protected place to do your laundry would be , at least, a'good to have' feature.

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

Reward: Concrete Building
Usually a little costly, but worth the price. Quieter, more solid and stable, an investment decision condominium in Singapore with flooring and walls can also make for easier resale.

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

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

Back to my buddy: His private purchase was a exact bad deal, as his expenditure condo had NONE of these features. Located in a rough part of the town, no parking spotwithout a balcony, no insuite laundry and also on the 3rd floor free of elevator can make this a exact challenging saleat a hot market.