Shopping For An Trading Decision Condo? There Is A Guide!

Matters to look for in an Investment Condo

A close good friend of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expenditure decision condominium in Singapore. He had purchased a small condo about a year ago, and had accomplished'privately', a choice he regretted for several reasons. As we were talking about his expense condominium, my thoughts went over the features any investor should be searching for when purchasing a condominium, clicking here.

1) Location, Location, Loc...
You've heard this earlier. The major three important items in real estate are....well, you know. Its no different when purchasing an investment condo, or a flat for your personal use. Will it be easy to resell, or can exactly the location hamper your re-sale initiatives? When you should be going to let it out, is the condo located near public transportation channels? Is your neighbourhood safe? Many factors come into play.

Two ) Parking
Maneuver, especially at central locations such as Down Town, is always at a top. Although you are fortunate enough to lease out your investment condo to somebody who doesn't push their particular vehicle, reselling a flat without its parking area is harder.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to overlook that a balcony remains one of the absolute most important features asked by customers. Without a spot to sit outside, perhaps read a novel at the air or throw some beef on the'que, proprietors and renters will probably truly come to feel trapped in the condo. Make sure your expenditure condo has a balcony or, if located around the main floor, it even has a patio space, click here.

4) In-Suite Laundry
Less important with guys, but almost'vital' to female condominium customers and tenants. Having a secure place to do your laundry would be also, at the very least, a'nice to have' feature.

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

Reward: Concrete Building
Usually a little more costly, however, really worth the purchase price. Quieter, more solid and stable, an investment decision condo in Singapore with floors and walls will also make for easier resalevalue.

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

Bonus: Protected Parking
Especially with our chilly climate, having underground or indoor parking is an often-requested feature, albeit at a price premium

Back to my buddy: His private purchase was a very inadequate deal, as his expenditure decision condominium had n one of those features. Located in a rough part of the town, no parking area , no balcony, no more laundry and also on the floor with no elevator will make this a hard salein a hot market.