Shopping For An Expenditure Condo? There Is A Guide!

Matters to Start Looking for in an Investment Condo

A friend of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his investment decision condo in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a decision he regretted for several reasons. As we're talking about his expenditure condo, my thoughts went over the top features any investor needs to be looking for when purchasing a condominium, click here.

1) Location, Location, Loc...
You've heard that before. The major three important things in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo for the personal use. Will it be easy to resell, or will exactly the location hamper your own re-sale efforts? When you are likely to rent out it, could be the condominium located near public transportation channels? Could be the neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, especially in central places such as Down Town, is always at a premium. Even although you are lucky enough to rent out your investment condo reselling a condo without its parking area is harder.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it really is easy to forget about that a balcony is still probably one of the most important features asked by potential buyers. With out a location to take a seat down perhaps read a publication at the air or toss a few beef onto the'que, proprietors and tenants will probably truly really feel trapped inside the condo. Make sure your investment condominium has a balcony , if located on the main floor, then it even has a patio space, read more.

4) In-Suite Laundry
Less important with men, but almost'vital' to female condominium purchasers and tenants. Having a safe place to do your laundry would be also, at least, a'good to have' feature.

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

Reward: Concrete Building
Usually a bit more costly, however, worth the price. More quiet, stronger and stable, an expenditure condo in Singapore with concrete floors and walls can also make for easier resale.

Reward: Central Air
Central air conditioning and heating is another nice-to-have feature, making the condo significantly more comfortable and easier to hire out.

Bonus: Safe Parking
Especially together using our chilly climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back for my buddy: his private purchase was a exact inadequate deal, as his investment condo had NONE of the features. Located in a demanding part of the town, no parking area , no balcony, no insuite laundry and also on the floor with no elevator is likely to make this a difficult saleat a hot market.