Purchasing An Expense Condo? Here Is A Guide!

Things to look for in an Investment Condo

A buddy of mine called me a couple of months ago, and asked me to offer him a Market Evaluation on his investment condo in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a decision he now regretted for several reasons. As we're talking about his expense condominium, my thoughts moved over the features any investor needs to really be on the lookout for when purchasing a condo, click here.

1) Location, Location, Loc...
You have heard this before. The best three most important things in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat on your very own personal use. Could it's easy to resell, or will the location hamper your own re-sale initiatives? If you should be likely to rent it out, could be your condo located near public transportation channels? May be the neighborhood safe? Many factors come into play.

Two ) Parking
Maneuver, specifically at central locations such as downtown, is always at a premium. Even although you are lucky enough to rent your investment out condominium reselling a flat without its parking spot is harder.

3) Balcony
With several flat-to-condo rate of conversion underway, it is easy to forget that a balcony remains probably one of the most important features asked by customers. With no a location to sit outside, perhaps read a novel at the air or toss a few steak to the'que, owners and tenants will come to feel trapped of your own condo. Make certain that your expenditure condominium has a balcony or, if located around the main floor, then it even has a patio space, learn more.

4) In-Suite Laundry
Less important with males, but almost'vital' to female condominium potential buyers and tenants. Having a safe place to get your laundry would be , at least, a'good to have' feature.

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

Bonus: Concrete Developing
Usually a little costly, but worth the purchase price. Quieter, more solid and stable, an expenditure condo in Singapore with concrete 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 condo significantly more comfortable and easier to rent .

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

Back for my friend: His private purchase ended up being a exact inadequate deal, as his investment condo had n one of those features. Located in a demanding part of the town, no parking area , no balcony, no laundry and on the floor free of elevator is likely to make this a challenging sale, even in a hot market.