Shopping For An Investment Condo? Here Is A Manual!

Things to Start Looking for in an Expenditure Condo

A good friend of mine called me a few weeks ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condo about a year ago, and had carried out 'privately', a determination he regretted for several reasons. As we're talking about his expense condominium, my thoughts moved over the features any investor needs to be searching for when purchasing a condo, click this link.

1 ) ) Location, Location, Loc...
You've heard this earlier. The leading three most important items in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat on your personal use. Could it be easy to spend , or can exactly the location hamper your re-sale initiatives? If you should be likely to rent it out, may be your condominium located near public transportation channels? Is your area safe? Many factors come into play.

Two ) Parking
Parking, specifically in central places such as downtown, is always at a top. Although you are lucky enough to rent your investment out condo reselling a flat without its parking area is harder.

3) Balcony
With a number of apartment-to-condo conversions underway, it really is easy to forget that a balcony is still one of the absolute most important features requested by potential buyers. With no a location to take a seat outside, perhaps read a book at the air or toss a few steak onto the'que, proprietors and tenants will probably feel trapped of your own condominium. Make sure your expenditure decision condo has a balcony or, if located around the main floor, it even has a patio space, click here.

4) In-Suite Laundry
Much more important with single adult males, but almost'vital' to female condo potential buyers and tenants. Having a protected place to get your laundry would be also, at least, a'good to have' feature.

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

Reward: Concrete Creating
Usually a little more expensive, however, worth the price. Quieter, stronger 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 significantly more comfortable and easier to rent out.

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

Back for my friend: His private purchase was a exact poor deal, as his expenditure condo had NONE of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no insuite laundry and on the 3rd floor free of elevator will make this a exact challenging salein a popular market.