Buying An Expenditure Condo? The Following Is A Manual!

Matters to look for in an Investment Condo

A good friend of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expenditure decision condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had performed so'privately', a determination he regretted for several reasons. As we were talking about his investment condo, my thoughts moved over the top features any investor needs to be searching for when purchasing a condominium, read more.

1) Location, Location, Loc...
You have heard that before. The major three important factors in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat on the very own personal use. Does it's easy to resellor does exactly the location hamper your own re-sale attempts? If you're likely to rent out it, may be the condominium located near public transportation routes? Could be your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically at central locations such as Down Town, is always at a premium. Even if you are lucky enough to lease your investment out condominium to someone who doesn't generate their particular vehicle, reselling a condo without its own parking area is more difficult.

3) Balcony
With a number of apartment-to-condo conversions underway, it's easy to forget that a balcony is one of the most important features requested by consumers. Without a location to sit down perhaps read a book at the air or throw some beef to the'que, owners and renters will probably feel trapped in their condo. Make certain that your expenditure condo has a balcony , if located on the main floor, it even has a patio space, read more.

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

The above mentioned features are perhaps the most important types to look at. Depending on your price range, you may want to consider several more:

Reward: Concrete Building
Usually a bit more costly, however, well worth the price. More quiet, stronger and stable, an expenditure condominium in Singapore with concrete floors and walls can also make for easier resalevalue.

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

Reward: Safe Parking
Especially together with our winter climate, having indoor or underground parking is still an often-requested feature, albeit at a price premium

Back for my friend: His private purchase ended up being a very inadequate deal, as his investment condo had n one of the features. Located in a demanding part of town, no parking spot, no balcony, no laundry and also on the floor with no elevator will make this a very hard salein a popular market.