Purchasing An Investment Decision Condo? Here Is A Guide!

Things to Start Looking for in an Investment Condo

A buddy of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his expense condo in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a choice he regretted for several reasons. As we're talking about his expenditure condo, my brain went over the very best features any investor needs to be searching for when purchasing a condo, read more.

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

2) Parking
Maneuver, specifically in central places such as Down Town, is always at a premium. Even although you are lucky enough to rent your investment out condo to someone who doesn't generate their particular vehicle, reselling a condo without its parking area is harder.

3) Balcony
With several apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony is still perhaps probably one of the most important features requested by buyers. Without a location to sit perhaps read a book at the fresh air or toss a few beef onto the'que, proprietors and renters will truly come to feel trapped of the condominium. Make certain that your expense condo has a balcony , if located on the main floor, it even has a patio space, web site.

4) In-Suite Laundry
Much more important with adult males, but almost'vital' to female condo customers and renters. Having a secure place to get your laundry is, at least, a'nice to have' feature.

The above mentioned features are perhaps one of the most important types to consider. Based on your price range, you may want to consider several more:

Reward: Concrete Developing
Usually a little costly, but well worth the purchase price. Quieter, more solid and stable, an investment condominium in Singapore with flooring 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 condo significantly more comfortable and easier to rent .

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

Back for my pal: His private purchase was a very inadequate deal, as his investment condo had n one of those features. Located in a demanding part of town, no parking area without a balcony, no laundry and on the next floor with no elevator is likely to make this a tough saleat a popular market.