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

Things to Start Looking for in an Investment Decision Condo

A friend of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his expenditure condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed 'privately', a decision he regretted for several reasons. As we were talking about his expenditure condo, my thoughts went over the features any investor should really be looking for when purchasing a condo, going here.

1 ) ) Location, Location, Loc...
You've heard that earlier. The major three most important items in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo for the own personal use. Could it be easy to resellor will exactly the location hamper your own re-sale attempts? When you are planning to rent out it, could be the condominium located near public transportation routes? Is your neighbourhood safe? Many factors come in to play.

Two ) Parking
Parking, specifically at central places such as Down Town, is always at a premium. If you are fortunate enough to rent your investment out condominium to somebody who doesn't generate their own vehicle, reselling a flat without its own parking area is tougher.

3) Balcony
Using several apartment-to-condo conversions underway, it's easy to overlook that a balcony remains still probably one of the most important features asked by potential buyers. Devoid of a spot to sit perhaps read a novel in the air or toss a few steak to the'que, owners and tenants will feel trapped of your own condo. Make certain that your investment condo has a balcony or, if located around the main floor, it even has a patio space, go here.

4) In-Suite Laundry
Much more important with unmarried men, 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 Developing
Usually a little costly, however, worth the price. More quiet, more solid and stable, an investment condo in Singapore with floors and walls will also make for easier resale.

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

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

Back for my buddy: His private purchase was a very poor deal, as his expenditure condo had n one of these features. Located in a rough part of the town, no parking spot, no balcony, no laundry and on the floor with no elevator can make this a challenging salein a hot market.