Purchasing An Expense Condo? There Is A Guide!

Matters to Start Looking for in an Expenditure Decision Condo

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

1 ) ) Location, Location, Loc...
You have heard that earlier. The leading three most important issues in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat for the very own personal use. Can it be easy to spend , or will exactly the location hamper your re-sale attempts? If you should be planning to rent it out, is the condominium located near public transportation channels? Could be the neighborhood safe? Many factors come in to play.

2) Parking
Parking, specifically in central locations such as Down Town, is always at a top. Even although you are lucky enough to rent out your investment condominium reselling a condo without its parking spot is more difficult.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it's easy to overlook that a balcony remains still perhaps probably one of the most important features requested by customers. With out a spot to take a seat outside, perhaps read a book in the air or toss a few beef on the'que, owners and renters will probably truly really feel trapped inside your own condo. Make sure your expenditure decision condominium has a balcony , if located around the main floor, it has a patio space, website.

4) In-Suite Laundry
Much more important with unmarried men, but almost'vital' to female condominium potential buyers and renters. Having a protected place to do your own laundry would be , at the very least, a'nice to have' feature.

The above 4 features are perhaps one of the most important ones to take into account. Depending on your price range, you may want to consider several further:

Bonus: Concrete Developing
Usually a little costly, however, worth the price. More quiet, more solid and stable, an investment condominium in Singapore with concrete floors and walls will also make for easier resalevalue.

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

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

Back for my pal: his private purchase ended up being a very poor deal, as his investment condominium had n one of these features. Located in a rough part of the town, no parking spot, no balcony, no insuite laundry and also on the floor free of elevator is likely to make this a exact difficult salein a popular market.