Buying An Expenditure Condo? The Following Is A Information!

Matters to look for in an Investment Condo

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

1) Location, Location, Loc...
You have heard that before. The best three most important items in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo for your own personal use. Could it be easy to spend or will exactly the location hamper your own re-sale initiatives? When you're likely to rent it out, could be your condominium located near public transportation routes? May be your neighbourhood safe? Many factors come into play.

Two ) Parking
Maneuver, especially at central places such as Down Town, is always at a premium. Although you are lucky enough to lease your investment out condominium reselling a flat without its parking area is more difficult.

3) Balcony
With several flat-to-condo conversions underway, it is easy to forget that a balcony remains probably one of the most important features asked by potential buyers. Devoid of a spot to sit down perhaps read a publication at the fresh air or toss a few steak on the'que, proprietors and tenants will probably really feel trapped inside your own condominium. Make certain that your expense condo has a balcony or, if located on the main floor, it has a patio space, click this link.

4) In-Suite Laundry
Much more important with unmarried men, but almost'vital' to female condominium potential purchasers and tenants. Having a safe place to get your laundry isalso, at least, a'nice to have' feature.

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

Bonus: Concrete Making
Usually a bit more costly, however, really worth the price. Quieter, more solid and stable, an investment decision condominium in Singapore with concrete floors and walls can also make for easier resalevalue.

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

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

Back for my pal: His private purchase was a very poor deal, as his expense decision condominium had n one of the features. Located in a rough part of the town, no parking spotwithout a balcony, no insuite laundry and also on the floor with no elevator will make this a hard sale, even in a popular market.