Shopping For An Expense Condo? The Following Is A Manual!

Matters to Start Looking for in an Investment Condo

A buddy of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. He had purchased a small condo about a year ago, and had done 'privately', a determination he regretted for several reasons. As we were talking about his expense condo, my mind moved over the features any investor needs to be searching for when purchasing a condominium, going here.

1) Location, Location, Loc...
You have heard that earlier. The top three important points in real estate are....well, you know. Its different when purchasing an investment condo, or a flat for your very own personal use. Can it be easy to spend or does exactly the location hamper your re-sale attempts? When you're going to rent it out, is the condominium located near public transportation channels? May be your neighbourhood safe? Many factors come in to play.

Two ) Parking
Maneuver, especially in central places such as downtown, is always at a top. Even if you are fortunate enough to hire out your investment condo to somebody who does not drive their particular vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
With several flat-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 location to take a seat perhaps read a publication at the brand new air or toss some beef to the'que, proprietors and renters will come to feel trapped in their condominium. Make sure your expenditure condominium has a balcony , if located on the main floor, it even has a patio space, click this link.

4) In-Suite Laundry
Much more important with adult males, but almost'vital' to female condo potential purchasers and tenants. Having a protected place to do your own laundry would be , at the very least, a'nice to have' feature.

The above 4 features are perhaps one of the most important ones. Based upon Your price range, you may want to consider several further:

Bonus: Concrete Creating
Usually a bit costly, however, really worth the price. Quieter, more solid and stable, an investment condominium in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

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

Back for my buddy: His private purchase ended up being a exact poor deal, as his expense condo had n one of these features. Located in a demanding part of the town, no parking area without a balcony, no more insuite laundry and also on the 3rd floor with no elevator will make this a tough sale, even in a popular market.