Purchasing An Expenditure Condo? The Following Is A Guide!

Things to Start Looking for in an Expenditure Decision Condo

A buddy of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expense condominium in Singapore. He had purchased a small condo about a year ago, and had accomplished so'privately', a decision he regretted for several reasons. As we were talking about his expenditure condominium, my head went over the features any investor needs to really be searching for when purchasing a condominium, visit.

1 ) ) Location, Location, Loc...
You have heard that earlier. The leading three important things in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat on your personal use. Does it's easy to resell, or can the location hamper your re-sale attempts? When you're going to let out it, is the condo located near public transportation routes? Could be the neighbourhood safe? Many factors enter in to play.

2) Parking
Maneuver, especially in central places such as downtown, is always at a premium. Even although you are fortunate enough to hire out your investment condominium to someone who does not drive their own vehicle, reselling a condo without its own parking area is harder.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it is easy to forget about that a balcony remains probably one of the most important features asked by buyers. With out a spot to take a seat down perhaps read a publication in the brand new air or toss a few steak to the'que, owners and tenants will probably come to feel trapped of the condominium. Make sure your expenditure decision condominium has a balcony , if located around the main floor, it has a patio space, learn more.

4) In-Suite Laundry
Less important with adult guys, but almost'vital' to female condo potential purchasers and renters. Having a protected place to do your laundry is, at least, a'good to have' feature.

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

Reward: Concrete Building
Usually a bit expensive, but well worth the price. More quiet, stronger and stable, an investment decision condominium in Singapore with concrete 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 lease .

Reward: Safe Parking
Especially together using our winter climate, having underground or indoor parking is also an often-requested feature, albeit at a price premium

Back to my buddy: his private purchase ended up being a exact bad deal, as his expenditure condominium had NONE of those features. Located in a rough part of the town, no parking area without a balcony, no laundry and also on the floor with no elevator will make this a challenging salein a hot market.