Shopping For An Expense Condo? Here Is A Guide!

Matters to look for in an Expenditure Decision Condo

A good friend of mine called me a few months ago, and asked me to give him a Market Evaluation on his investment decision 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 top features any investor should really be searching for when purchasing a condo, get more info.

1 ) ) Location, Location, Loc...
You have heard that before. The leading three important factors in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo for your personal use. Could it be easy to spend or can exactly the location hamper your own re-sale efforts? When you are likely to rent out it, may be your condominium located near public transportation routes? Could be the neighborhood safe? Many factors enter in to play.

2) Parking
Maneuver, specifically at central locations such as downtown, is always at a top. If you are fortunate enough to lease your investment out condo to somebody who doesn't push their own vehicle, reselling a flat without its parking area is harder.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to forget that a balcony is still one of the absolute most important features asked by consumers. Without having a spot to take a seat down outside, perhaps read a book at the air or throw a few steak onto the'que, proprietors and renters will probably feel trapped in the condominium. Make certain that your expense condominium has a balcony , if located around the main floor, it has a patio space, website.

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

The above 4 features are perhaps the most important types. Based on your price range, you may want to consider several further:

Bonus: Concrete Making
Usually a little more costly, but worth the purchase price. Quieter, more solid and stable, an expenditure condo in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

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

Back to my good friend: his private purchase ended up being a very bad deal, as his investment decision condominium had n one of the features. Located in a rough part of town, no parking area without a balcony, no more insuite laundry and also on the next floor with no elevator will make this a very tough sale, even in a hot market.