Purchasing An Expenditure Condo? There Is A Manual!

Things to Start Looking for in an Investment Decision Condo

A close friend of mine called me a few weeks ago, and asked me to provide him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had accomplished so'privately', a determination he regretted for several reasons. As we're talking about his expense condominium, my head moved over the features any investor should really be searching for when purchasing a condominium, more info.

1) Location, Location, Loc...
You have heard this before. The best three important ideas in real estate are....well, you will know. Its no different when purchasing an investment condo, or a condo on your own personal use. Might it be easy to spend or will the location hamper your own re-sale initiatives? When you should be planning to let it out, is the condominium located near public transportation channels? Is your neighbourhood safe? Many factors enter in to play.

2) Parking
Maneuver, especially in central places such as Down Town, is always at a premium. Even if you are lucky enough to hire out your investment condo reselling a flat without its parking area is more difficult.

3) Balcony
With several apartment-to-condo conversions underway, it is easy to forget about that a balcony is probably one of the most important features asked by purchasers. With no a spot to take a seat down outside, perhaps read a book at the brand new air or toss a few steak on the'que, owners and renters will probably truly really come to feel trapped of the condominium. Make certain that your expense condominium has a balcony , if located on the main floor, then it has a patio space, read more.

4) In-Suite Laundry
Much more important with single males, but almost'vital' to female condo buyers and tenants. Having a secure place to get your own laundry would be , at least, a'good to have' feature.

The above mentioned features are perhaps the most important ones. Depending on your price range, you may want to consider several further:

Bonus: Concrete Creating
Usually a little more expensive, but worth the price. Quieter, more solid and stable, an investment decision condominium in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

Bonus: Secure Parking
Especially with our winter climate, having underground or indoor parking is still an often-requested feature, albeit at a cost premium

Back for my buddy: His private purchase ended up being a exact poor deal, as his expenditure decision condo had NONE of these features. Located in a rough part of the town, no parking spotwithout a balcony, no more laundry and also on the floor free of elevator can make this a very tough salein a hot market.