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Things to Start Looking for in an Investment Condo<br /><br />A good buddy of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expense decision condominium in Singapore. He had purchased a small condominium about a year ago, and had accomplished 'privately', a determination he regretted for several reasons. As we're talking about his expense condominium, my thoughts went over the features any investor should be looking for when purchasing a condo, [http://mygunbroker.net/members/dyerwaller60/activity/94050/ homepage].<br /><br />1 ) ) Location, Location, Loc...<br />You've heard this earlier. The best three most important ideas in real estate are....well, you know. Its different when purchasing an investment condo, or a condo for the personal use. Can it's easy to spend , or does the location hamper your re-sale initiatives? If you're likely to let out it, is your condominium located near public transportation routes? Could be the neighborhood safe? Many factors come into play.<br /><br />2) Parking<br />Parking, specifically at central places such as downtown, is always at a top. If you are fortunate enough to hire your investment out condominium reselling a flat without its parking area is more difficult.<br /><br />3) Balcony<br />Using a number of apartment-to-condo rate of conversion underway, it's easy to forget that a balcony remains still perhaps one of the most important features asked by purchasers. Without having a location to take a seat perhaps read a novel in the air or throw some steak on the'que, owners and tenants will probably really feel trapped inside the condominium. Make sure your investment condominium has a balcony or, if located on the main floor, it even has a patio space, website.<br /><br />4) In-Suite Laundry<br />Much more important with adult males, but almost'vital' to female condominium customers and renters. Having a safe place to get your laundry would be also, at least, a'nice to have' feature.<br /><br />The above 4 features are perhaps one of the most important ones. Depending upon Your price range, you may want to consider several more:<br /><br />Bonus: Concrete Developing <br />Usually a little more costly, but worth the purchase price. Quieter, more solid and stable, an investment decision condo in Singapore with concrete floors and walls can also make for easier resale.<br /><br />Reward: Central Air<br />Central air conditioning and heating is another nice-to-have feature, making the condominium significantly more comfortable and easier to rent out.<br /><br />Reward: Protected Parking<br />Especially with our winter climate, having underground or indoor parking is an often-requested feature, albeit at a price premium<br /><br />Back to my good friend: his private purchase ended up being a exact bad deal, as his expense condo had n one of the features. Located in a rough part of the town, no parking spot, no balcony, no more laundry and also on the 3rd floor with no elevator will make this a tough sale, even in a hot market.