Buying An Expenditure Condo? There Is A Information!

Matters to Start Looking for in an Expenditure Condo

A pal of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had completed so'privately', a determination he regretted for several reasons. As we were talking about his investment condo, my brain went over the top features any investor needs to be on the lookout for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You've heard this earlier. The best three important ideas in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your very own personal use. Can it be easy to spend or can exactly the location hamper your re-sale initiatives? If you are planning to let out it, may be your condo located near public transportation routes? Could be your neighbourhood safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically in central locations such as Down Town, is always at a top. Although you are fortunate enough to rent your investment out condo reselling a flat without its parking area is more difficult.

3) Balcony
Using a number of flat-to-condo conversions underway, it is easy to overlook that a balcony remains one of the absolute most important features requested by customers. Without having a location to sit outside, perhaps read a publication at the fresh air or toss some steak on the'que, owners and renters will probably really feel trapped inside their condominium. Make certain that your expense condo has a balcony , if located around the main floor, then it even has a patio space, visit this link.

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

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

Reward: Concrete Constructing
Usually a little costly, however, worth the price. More quiet, stronger and stable, an investment decision condo 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 more comfortable and easier to lease out.

Bonus: Safe Parking
Especially together with all our chilly climate, having indoor or underground parking is still an often-requested feature, albeit at a price premium

Back for my buddy: His private purchase ended up being a exact inadequate deal, as his investment condo had NONE of those features. Located in a rough part of town, no parking area without a balcony, no more laundry and on the 3rd floor free of elevator can make this a tough sale, even in a hot market.