Purchasing An Expense Decision Condo? Here Is A Guide!

Things to look for in an Expenditure Decision Condo

A close buddy of mine called me a few months ago, and asked me to offer him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a determination he regretted for several reasons. As we're talking about his expense condominium, my brain went over the features any investor should really be looking for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You have heard this before. The major three most important factors in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat on your own personal use. Might it's easy to spend , or will exactly the location hamper your re-sale attempts? If you should be likely to rent out it, is the condominium located near public transportation channels? Could be your neighborhood safe? Many factors come in to play.

Two ) Parking
Parking, specifically at central places such as downtown, is always at a premium. Although you are lucky enough to lease out your investment condo to somebody who doesn't generate their particular vehicle, reselling a flat without its parking area is harder.

3) Balcony
Using a number of flat-to-condo conversions underway, it's easy to forget about that a balcony remains perhaps one of the absolute most important features asked by purchasers. With out having a spot to sit perhaps read a publication in the air or toss some beef to the'que, proprietors and renters will come to feel trapped in their condominium. Make certain that your expenditure condo has a balcony or, if located around the main floor, it even has a patio space, go here.

4) In-Suite Laundry
Less important with males, but almost'vital' to female condominium potential purchasers and tenants. Having a protected place to do your laundry would be also, at the very least, a'nice to have' feature.

The above 4 features are perhaps one of the most important types to take into account. Depending upon Your price range, you may want to consider several more:

Bonus: Concrete Building
Usually a bit costly, but worth the price. More quiet, more solid and stable, an expenditure condo in Singapore with floors and walls can also make for easier resale.

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

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

Back for my pal: His private purchase ended up being a exact poor deal, as his investment decision condominium had n one of the features. Located in a rough part of the town, no parking area , no balcony, no more laundry and also on the floor free of elevator can make this a very challenging saleat a hot market.