Purchasing An Expense Condo? There Is A Guide!

Matters to Start Looking for in an Investment Condo

A good buddy of mine called me a couple of months ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condo about a year ago, and had performed so'privately', a choice he regretted for several reasons. As we're talking about his expense condo, my mind moved over the features any investor needs to really be searching for when purchasing a condominium, get more info.

1) Location, Location, Loc...
You have heard that earlier. The top three most important items in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for your personal use. Will it be easy to spend or does exactly the location hamper your own re-sale attempts? If you are planning to let it out, could be your condominium located near public transportation routes? Could be the area safe? Many factors come into play.

Two ) Parking
Maneuver, specifically in central locations such as downtown, is always at a top. Even although you are fortunate enough to rent out your investment condominium to someone who does not push their particular vehicle, reselling a condo without its own parking spot is harder.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony is probably one of the most important features requested by consumers. With out having a location to take a seat down outside, perhaps read a book in the brand new air or throw a few beef onto the'que, owners and renters will probably feel trapped in your own condominium. Make sure your expenditure condominium has a balcony , if located on the main floor, then it even has a patio space, read this.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condominium customers and tenants. Having a safe place to do your laundry would be also, at the very least, a'good to have' feature.

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

Reward: Concrete Developing
Usually a little more expensive, however, worth the purchase price. Quieter, stronger and stable, an investment condo in Singapore with floors and walls can also make for easier resale.

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

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

Back for my good friend: His private purchase ended up being a very inadequate deal, as his expenditure condominium had n one of the features. Located in a rough part of the town, no parking spot, no balcony, no insuite laundry and also on the floor with no elevator can make this a very tough salein a popular market.