Purchasing An Expense Condo? The Following Is A Information!

Matters to look for in an Investment Condo

A pal of mine called me a couple of weeks ago, and asked me to provide him a Market Evaluation on his expenditure decision condo in Singapore. Turns out he had purchased a small condo about a year ago, and had done'privately', a choice he regretted for several reasons. As we were talking about his expense condo, my brain went over the features any investor should really be on the lookout for when purchasing a condominium, click here.

1 ) ) Location, Location, Loc...
You've heard this earlier. The leading three most important items in real estate are....well, you know. Its no different when purchasing an investment condominium, or a flat for your own personal use. Can it be easy to spend , or does the location hamper your re-sale efforts? If you should be planning to let it out, could be the condo located near public transportation channels? May be the area safe? Many factors enter in to play.

Two ) Parking
Parking, specifically at central places such as Down Town, is always at a premium. If you are lucky enough to hire your investment out condo reselling a condo without its own parking spot is harder.

3) Balcony
Using a number of flat-to-condo conversions underway, it is easy to forget that a balcony remains probably one of the absolute most important features asked by customers. With no a spot to take a seat outside, perhaps read a book at the air or toss a few beef on the'que, proprietors and tenants will probably come to feel trapped of their condominium. Make certain that your investment condo has a balcony , if located around the main floor, then it even has a patio space, more info.

4) In-Suite Laundry
Much more important with single males, but almost'vital' to female condominium purchasers and tenants. Having a safe place to get your own laundry would be also, at the very least, a'nice to have' feature.

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

Bonus: Concrete Developing
Usually a bit expensive, however, worth the purchase price. More quiet, stronger and stable, an investment condo in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my friend: his private purchase ended up being a exact bad deal, as his investment decision condo had n one of the features. Located in a rough part of town, no parking spotwithout a balcony, no more insuite laundry and also on the 3rd floor free of elevator is likely to make this a very tough sale, even in a popular market.