Shopping For An Expense Condo? Here Is A Manual!

Matters to look for in an Investment Condo

A pal of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his expense condominium in Singapore. He had purchased a small condo about a year ago, and had completed'privately', a determination he now regretted for several reasons. As we were talking about his investment condo, my mind moved over the features any investor needs to really be looking for when purchasing a condo, homepage.

1 ) ) Location, Location, Loc...
You have heard this earlier. The major three important things in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo for the very own personal use. Might it be easy to spend , or can exactly the location hamper your re-sale attempts? If you are likely to rent it out, is the condo located near public transportation channels? Could be the neighborhood safe? Many factors come in to play.

2) Parking
Maneuver, especially at central locations such as Down Town, is always at a top. If you are lucky enough to lease out your investment condominium reselling a flat without its parking area is more difficult.

3) Balcony
With several apartment-to-condo conversions underway, it really is easy to overlook that a balcony remains one of the most important features asked by purchasers. Devoid of a spot to take a seat down outside, perhaps read a publication at the air or throw some beef onto the'que, proprietors and tenants will probably feel trapped of your own condominium. Make certain that your investment decision condominium has a balcony or, if located around the main floor, it even has a patio space, homepage.

4) In-Suite Laundry
Much more important with adult males, but almost'vital' to female condo potential purchasers and renters. Having a secure place to do your own laundry is, at least, a'good to have' feature.

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

Bonus: Concrete Making
Usually a little costly, but worth the purchase price. More quiet, more solid and stable, an expenditure condominium 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 condo significantly more comfortable and easier to rent .

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

Back to my pal: his private purchase was a exact bad deal, as his expense condominium had n one of the features. Located in a rough part of town, no parking area , no balcony, no more laundry and on the floor with no elevator is likely to make this a hard salein a popular market.