Purchasing An Investment Condo? The Following Is A Manual!

Things to Start Looking for in an Expenditure Decision Condo

A good friend of mine called me a couple months 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're talking about his expense condo, my head went over the very best features any investor needs to really be searching for when purchasing a condo, read more here.

1 ) ) Location, Location, Loc...
You've heard that before. The top three most important factors in real estate are....well, you know. Its no different when purchasing an investment condo, or a flat on your very own personal use. Does it's easy to resell, or will the location hamper your own re-sale initiatives? If you are going to let it out, is the condo located near public transportation channels? Is your neighborhood safe? Many factors come into play.

2) Parking
Maneuver, especially at central places such as downtown, is always at a top. If you are fortunate enough to hire out your investment condominium reselling a condo without its own parking spot is harder.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony remains perhaps probably one of the absolute most important features requested by consumers. Without a spot to sit outside, perhaps read a book at the air or toss some beef on the'que, proprietors and renters will probably really feel trapped inside the condo. Make sure your expense condo has a balcony or, if located around the main floor, then it has a patio space, read more.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condo customers and renters. Having a safe place to get your laundry would be also, at least, a'good to have' feature.

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

Bonus: Concrete Making
Usually a bit more costly, but well worth the purchase price. More quiet, stronger and stable, an investment decision condo in Singapore with concrete flooring and walls can also make for easier resale.

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

Bonus: Safe Parking
Especially with all our chilly climate, having indoor or subterranean parking is an often-requested feature, albeit at a cost premium

Back for my close good friend: his private purchase ended up being a very bad deal, as his expense condominium had NONE of those features. Located in a demanding part of the town, no parking area , no balcony, no laundry and also on the floor free of elevator is likely to make this a difficult salein a hot market.