Shopping For An Expenditure Condo? Here Is A Guide!

Things to Start Looking for in an Expenditure Decision Condo

A friend of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. Turns out 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 expense condo, my thoughts went over the features any investor needs to be searching for when purchasing a condominium, get more info.

1 ) ) Location, Location, Loc...
You've heard this before. The best three most important issues in real estate are....well, you know. Its different when purchasing an investment condo, or a condo on your own personal use. Does it be easy to spend , or does exactly the location hamper your re-sale efforts? When you are planning to rent out it, could be your condo located near public transportation channels? Could be the neighborhood safe? Many factors come into play.

Two ) Parking
Maneuver, specifically in central places such as Down Town, is always at a premium. Although you are fortunate enough to rent out your investment condo to someone who does not drive their own vehicle, reselling a condo without its parking area is harder.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to forget that a balcony is one of the most important features asked by customers. Without a spot to sit outside, perhaps read a book in the air or throw some beef onto the'que, owners and tenants will really come to feel trapped of their condominium. Make sure your investment condo has a balcony , if located on the main floor, then it even has a patio space, clicking here.

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

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

Reward: Concrete Building
Usually a bit costly, however, worth the price. More quiet, stronger and stable, an expenditure decision condominium in Singapore with concrete flooring and walls will also make for easier resale.

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

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

Back to my buddy: His private purchase ended up being a exact inadequate deal, as his expenditure decision condominium had NONE of those features. Located in a demanding part of the town, no parking area , no balcony, no more laundry and also on the floor with no elevator is likely to make this a difficult sale, even in a hot market.