Purchasing An Expense Condo? The Following Is A Manual!

Things to Start Looking for in an Investment Decision Condo

A close buddy of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his investment condo in Singapore. He had purchased a small condo about a year ago, and had accomplished'privately', a determination he regretted for several reasons. As we're talking about his expense condominium, my thoughts went over the features any investor needs to be on the lookout for when purchasing a condo, learn more.

1) Location, Location, Loc...
You have heard this before. The best three important ideas in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo on the very own personal use. Could it be easy to resell, or will the location hamper your own re-sale attempts? If you're going to rent out it, could be the condominium located near public transportation channels? Is your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically at central locations such as downtown, is always at a top. Although you are lucky enough to hire out your investment condo reselling a condo without its parking spot is harder.

3) Balcony
With several apartment-to-condo conversions underway, it's easy to forget about that a balcony remains still perhaps probably one of the absolute most important features requested by buyers. Without having a location to take a seat perhaps read a novel at the brand new air or toss some steak onto the'que, proprietors and renters will probably come to feel trapped inside the condominium. Make certain that your expenditure decision condominium has a balcony , if located around the main floor, it has a patio space, read this.

4) In-Suite Laundry
Much more important with males, but almost'vital' to female condominium buyers and renters. Having a safe place to do your own laundry isalso, at the very least, a'nice to have' feature.

The above 4 features are perhaps the most important types to look at. Depending on your price range, you may want to consider several more:

Reward: Concrete Developing
Usually a little costly, but worth the price. Quieter, more solid and stable, an investment decision condominium in Singapore with concrete floors and walls will also make for easier resale.

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 out.

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

Back to my good friend: His private purchase was a exact bad deal, as his investment condominium had NONE of the features. Located in a rough part of town, no parking area , no balcony, no laundry and on the next floor free of elevator can make this a hard sale, even in a hot market.