Difference between revisions of "Purchasing An Expenditure Condo? Here Is A Guide!"

Latest revision as of 00:10, 25 February 2020

Matters to Start Looking for in an Investment Condo

A good buddy of mine called me a couple of weeks ago, and asked me to provide him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condominium about a year ago, and had done'privately', a decision he regretted for several reasons. As we were talking about his expenditure condo, my mind went over the features any investor should really be looking for when purchasing a condo, get more info.

1) Location, Location, Loc...
You have heard this before. The best three most important items in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a flat on your own personal use. Could it be easy to resell, or will the location hamper your own re-sale efforts? When you should be likely to let out it, is your condominium located near public transportation routes? Is your neighborhood safe? Many factors come in to play.

Two ) Parking
Parking, especially in central places such as downtown, is always at a premium. Even although you are lucky enough to hire your investment out condominium reselling a condo without its own parking spot is tougher.

3) Balcony
With several apartment-to-condo conversions underway, it really is easy to forget that a balcony remains still probably one of the most important features asked by purchasers. Without a spot to sit down outside, perhaps read a novel in the air or throw a few steak to the'que, owners and renters will truly come to feel trapped inside their condo. Make sure your expenditure condominium has a balcony , if located on the main floor, then it even has a patio space, click this link.

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

The above 4 features are perhaps the most important ones. Depending upon Your price range, you may want to consider several more:

Reward: Concrete Creating
Usually a bit costly, but really worth the purchase price. More quiet, more solid and stable, an expenditure condominium in Singapore with floors and walls can also make for easier resale.

Bonus: Central Air
Central air conditioning and heating is another nice-to-have feature, making the condo more comfortable and easier to rent .

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

Back to my friend: His private purchase was a exact inadequate deal, as his expense condominium had NONE of those features. Located in a rough part of town, no parking spotwithout a balcony, no more laundry and also on the 3rd floor with no elevator will make this a very challenging salein a popular market.