Purchasing An Investment Decision Condo? The Following Is A Guide!

Things to Start Looking for in an Investment Decision Condo

A buddy of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his expense condo in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a determination he regretted for several reasons. As we're talking about his investment condo, my thoughts moved over the very best features any investor should really be looking for when purchasing a condominium, discover more.

1) Location, Location, Loc...
You've heard this earlier. The leading three most important items in real estate are....well, you will know. Its no different when purchasing an investment condominium, or a condo on your own personal use. Can it be easy to resell, or does exactly the location hamper your re-sale efforts? If you should be likely to let it out, may be your condo located near public transportation routes? Is the neighbourhood safe? Many factors enter into play.

2) Parking
Parking, specifically in central places such as Down Town, is always at a premium. If you are lucky enough to hire out your investment condominium reselling a flat without its parking spot is tougher.

3) Balcony
With several flat-to-condo conversions underway, it's easy to overlook that a balcony is still probably one of the absolute most important features asked by consumers. With out having a location to take a seat perhaps read a book in the fresh air or toss a few steak on the'que, proprietors and tenants will come to feel trapped of the condominium. Make sure your expense condo has a balcony , if located around the main floor, it even has a patio space, learn more here.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condominium buyers and tenants. Having a protected place to get your own laundry isalso, at least, a'nice to have' feature.

The above 4 features are perhaps one of the most important ones to look at. Based upon Your price range, you may want to consider several more:

Bonus: Concrete Constructing
Usually a little more expensive, however, worth the price. More quiet, stronger and stable, an expenditure 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 hire out.

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

Back for my pal: his private purchase ended up being a exact poor deal, as his expense condominium had NONE of those features. Located in a rough part of town, no parking area without a balcony, no insuite laundry and also on the 3rd floor with no elevator can make this a difficult saleat a popular market.