Buying An Expenditure Condo? Here Is A Information!

Matters to look for in an Investment Condo

A buddy of mine called me a couple of months ago, and asked me to provide him a Market Evaluation on his investment condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had accomplished'privately', a determination he regretted for several reasons. As we're talking about his expense condo, my brain went over the features any investor should be on the lookout for when purchasing a condominium, click this link.

1) Location, Location, Loc...
You've heard that earlier. The top three important ideas in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo on your very own personal use. Does it be easy to spend , or does the location hamper your re-sale initiatives? If you're planning to let out it, is the condo located near public transportation routes? May be your neighborhood safe? Many factors come in to play.

Two ) Parking
Parking, especially in central locations such as Down Town, is always at a premium. Although you are fortunate enough to rent out your investment condominium reselling a flat without its parking spot is more difficult.

3) Balcony
With a number of apartment-to-condo conversions underway, it's easy to forget that a balcony is still one of the absolute most important features requested by buyers. With out having a spot to sit perhaps read a book at the air or toss some beef on the'que, owners and renters will probably come to feel trapped in their condominium. Make certain that your expenditure condominium has a balcony , if located around the main floor, it has a patio space, home page.

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

The above 4 features are perhaps the most important types. Depending on your price range, you may want to consider several further:

Reward: Concrete Developing
Usually a little expensive, but worth the price. More quiet, more solid and stable, an investment decision condominium in Singapore with concrete floors 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 condominium significantly more comfortable and easier to hire .

Bonus: Safe Parking
Especially together using our chilly climate, having indoor or underground parking is still an often-requested feature, albeit at a cost premium

Back for my friend: his private purchase ended up being a very bad deal, as his expense condominium had NONE of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no more laundry and on the floor free of elevator is likely to make this a challenging salein a popular market.