Shopping For An Expenditure Condo? There Is A Information!

Things to Start Looking for in an Investment Condo

A pal of mine called me a few months ago, and asked me to give him a Market Evaluation on his expense decision condominium in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a determination he now regretted for several reasons. As we were talking about his expense condominium, my thoughts went over the very best features any investor should be searching for when purchasing a condominium, view source.

1 ) ) Location, Location, Loc...
You have heard that earlier. The major three most important issues in real estate are....well, you will know. Its no different when purchasing an investment condo, or a flat on the personal use. Does it be easy to resellor will exactly the location hamper your re-sale initiatives? If you are likely to rent out it, is your condo located near public transportation channels? Could be your neighborhood safe? Many factors enter in to play.

2) Parking
Parking, specifically at central places such as downtown, is always at a top. Even if you are lucky enough to lease your investment out condo reselling a condo without its parking spot is harder.

3) Balcony
With a number of apartment-to-condo conversions underway, it is easy to forget about that a balcony remains one of the most important features requested by purchasers. With no a spot to take a seat perhaps read a book in the air or throw some beef onto the'que, owners and renters will probably really feel trapped of their condominium. Make certain that your expenditure condominium has a balcony or, if located on the main floor, it even has a patio space, more info.

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

The above mentioned features are perhaps the most important ones. Depending on your price range, you may want to consider several more:

Bonus: Concrete Building
Usually a bit more costly, however, really worth the price. More quiet, more solid and stable, an investment condominium in Singapore with floors and walls can also make for easier resalevalue.

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

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

Back for my friend: his private purchase ended up being a very poor deal, as his expense condominium had n one of these features. Located in a rough part of the town, no parking area without a balcony, no more insuite laundry and on the next floor free of elevator can make this a very difficult salein a hot market.