Buying An Expenditure Decision Condo? There Is A Guide!

Matters to look for in an Expenditure Decision Condo

A pal of mine called me a couple months ago, and asked me to give him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had accomplished'privately', a decision he regretted for several reasons. As we're talking about his expense condo, my head went over the top features any investor should really be on the lookout for when purchasing a condominium, homepage.

1) Location, Location, Loc...
You have heard this before. The best three most important things in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your personal use. Does it be easy to spend or will exactly the location hamper your own re-sale attempts? When you should be planning to let it out, is the condominium located near public transportation routes? May be your area safe? Many factors come in to play.

Two ) Parking
Maneuver, especially in central locations such as downtown, is always at a premium. Even although you are fortunate enough to hire your investment out condominium reselling a condo without its own parking spot is more difficult.

3) Balcony
Using several apartment-to-condo conversions underway, it really is easy to forget that a balcony remains still one of the most important features asked by purchasers. Without a spot to take a seat perhaps read a book at the brand new air or toss a few steak to the'que, proprietors and tenants will truly come to feel trapped inside the condo. Make certain that your expense condominium has a balcony or, if located around the main floor, it has a patio space, web site.

4) In-Suite Laundry
Less important with men, but almost'vital' to female condo buyers and tenants. Having a safe place to do your own laundry would be , at least, a'good to have' feature.

The above 4 features are perhaps the most important ones to consider. Based upon Your price range, you may want to consider several more:

Bonus: Concrete Developing
Usually a little expensive, however, worth the purchase price. Quieter, stronger and stable, an investment condominium in Singapore with concrete floors and walls can also make for easier resalevalue.

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

Bonus: Protected Parking
Especially with all our winter climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back to my friend: His private purchase ended up being a exact poor deal, as his expenditure decision condominium had n one of these features. Located in a demanding part of town, no parking area , no balcony, no more insuite laundry and also on the floor free of elevator is likely to make this a very hard sale, even in a popular market.