Shopping For An Expense Decision Condo? There Is A Information!

Things to Start Looking for in an Expenditure Condo

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

1) Location, Location, Loc...
You have heard that earlier. The leading three most important issues in real estate are....well, you will know. Its different when purchasing an investment condo, or a condo for the very own personal use. Does it's easy to spend or does exactly the location hamper your re-sale initiatives? When you're likely to rent out it, could be your condominium located near public transportation channels? Is the area safe? Many factors come into play.

Two ) Parking
Maneuver, specifically at central places such as Down Town, is always at a premium. If you are lucky enough to hire out your investment condo reselling a condo without its parking area is harder.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it's easy to forget that a balcony remains one of the absolute most important features requested by purchasers. Devoid of a spot to take a seat perhaps read a novel at the brand new air or throw some beef on the'que, owners and renters will truly feel trapped inside your own condominium. Make sure your expense decision condo has a balcony or, if located around the main floor, it has a patio space, view source.

4) In-Suite Laundry
Much more important with single guys, but almost'vital' to female condominium customers and renters. Having a protected place to get your laundry would be , at the very least, a'nice to have' feature.

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

Reward: Concrete Making
Usually a little more expensive, but well worth the purchase price. Quieter, stronger and stable, an expenditure condo in Singapore with concrete floors and walls will 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 lease out.

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

Back to my close friend: His private purchase ended up being a very poor deal, as his investment condo had NONE of those features. Located in a demanding part of town, no parking area without a balcony, no more insuite laundry and on the next floor with no elevator will make this a difficult sale, even in a popular market.