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

Matters to Start Looking for in an Investment Condo

A close buddy of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his investment condo in Singapore. He had purchased a small condo about a year ago, and had done'privately', a decision he regretted for several reasons. As we were talking about his expenditure condo, my brain moved over the very best features any investor should really be on the lookout for when purchasing a condominium, web site.

1) Location, Location, Loc...
You have heard this earlier. The leading three important items in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo on the personal use. Does it be easy to resell, or can exactly the location hamper your own re-sale efforts? When you are likely to let it out, could be the condominium located near public transportation channels? Could be your area safe? Many factors come into play.

2) Parking
Parking, especially in central places such as downtown, is always at a premium. Even although you are lucky enough to hire out your investment condominium to someone who does not generate their own vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
With several flat-to-condo conversions underway, it really is easy to forget about that a balcony is still probably one of the most important features requested by customers. With out having a location to sit outside, perhaps read a book in the air or toss some steak onto the'que, proprietors and tenants will really come to feel trapped in your own condo. Make certain that your investment condo has a balcony or, if located on the main floor, it has a patio space, going here.

4) In-Suite Laundry
Less important with unmarried guys, but almost'vital' to female condominium buyers and tenants. Having a secure place to get your laundry isalso, at the very least, a'nice to have' feature.

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

Bonus: Concrete Creating
Usually a little expensive, however, worth the purchase price. More quiet, stronger and stable, an expenditure condo in Singapore with flooring and walls can also make for easier resale.

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

Reward: Secure Parking
Especially together with our winter climate, having indoor or underground parking is still an often-requested feature, albeit at a cost premium

Back for my friend: His private purchase ended up being a exact inadequate deal, as his investment decision condo had n one of the features. Located in a demanding part of the town, no parking spotwithout a balcony, no insuite laundry and also on the next floor with no elevator will make this a very difficult salein a hot market.