Purchasing An Investment Condo? The Following Is A Manual!

Things to look for in an Expenditure Condo

A good friend of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condo about a year ago, and had done so'privately', a determination he regretted for several reasons. As we're talking about his expenditure condominium, my thoughts moved over the top features any investor should be searching for when purchasing a condominium, click here.

1) Location, Location, Loc...
You have heard this earlier. The major three important ideas in real estate are....well, you will know. Its different when purchasing an investment condominium, or a flat on your very own personal use. Could it be easy to spend , or does the location hamper your re-sale attempts? If you should be likely to rent out it, is the condo located near public transportation channels? Is your neighborhood safe? Many factors enter into play.

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

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony remains probably one of the absolute most important features requested by purchasers. Devoid of a location to take a seat perhaps read a novel in the brand new air or toss a few beef on the'que, owners and renters will probably really come to feel trapped inside their condo. Make certain that your expense condominium has a balcony , if located on the main floor, it even has a patio space, click this link.

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

Bonus: Concrete Making
Usually a bit more expensive, however, well worth the price. More quiet, more solid and stable, an investment condo in Singapore with flooring and walls will also make for easier resale.

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

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

Back to my close buddy: his private purchase ended up being a very bad deal, as his expenditure condominium had n one of the features. Located in a demanding part of the town, no parking area without a balcony, no more insuite laundry and also on the floor with no elevator will make this a hard salein a popular market.