Purchasing An Expenditure Condo? The Following Is A Information!

Matters to look for in an Investment Decision Condo

A good buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expense 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 were talking about his expense condominium, my brain moved over the features any investor needs to really be on the lookout for when purchasing a condominium, click here.

1) Location, Location, Loc...
You have heard this earlier. The major three most important ideas in real estate are....well, you will know. Its no different when purchasing an investment condo, or a flat on the personal use. Can it's easy to spend or will exactly the location hamper your own re-sale efforts? If you're likely to rent out it, is your condo located near public transportation routes? Could be your neighbourhood safe? Many factors come in to play.

Two ) Parking
Maneuver, especially in central locations such as downtown, is always at a premium. Even if you are fortunate enough to rent out your investment condo reselling a flat without its parking spot is harder.

3) Balcony
Using a number of apartment-to-condo conversions underway, it really is easy to forget that a balcony is still one of the most important features asked by consumers. Without having a spot to take a seat perhaps read a publication at the brand new air or throw some steak on the'que, proprietors and renters will truly come to feel trapped of the condominium. Make certain that your investment condominium has a balcony or, if located on the main floor, it even has a patio space, read more.

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

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

Bonus: Concrete Building
Usually a little expensive, but worth the price. More quiet, more solid and stable, an expenditure decision condo in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my good friend: His private purchase ended up being a very inadequate deal, as his investment condominium had n one of the features. Located in a demanding part of town, no parking spotwithout a balcony, no more laundry and on the 3rd floor with no elevator is likely to make this a difficult salein a hot market.