Purchasing An Expense Decision Condo? Here Is A Guide!

Things to look for in an Investment Decision Condo

A friend of mine called me a couple weeks ago, and asked me to give him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had performed 'privately', a determination he regretted for several reasons. As we were talking about his investment condominium, my head moved over the features any investor needs to really be on the lookout for when purchasing a condo, visit this link.

1 ) ) Location, Location, Loc...
You have heard that before. The best three most important issues in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your personal use. Will it be easy to spend , or does the location hamper your re-sale efforts? If you should be likely to rent out it, may be your condominium located near public transportation channels? Could be your neighborhood safe? Many factors enter in to play.

2) Parking
Parking, especially in central places such as Down Town, is always at a premium. Even although you are lucky enough to rent your investment out condominium reselling a flat without its parking spot is tougher.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to forget that a balcony remains still probably one of the absolute most important features requested by consumers. Devoid of a spot to sit perhaps read a book in the air or throw some beef to the'que, owners and tenants will probably come to feel trapped in your own condo. Make sure your expense decision condominium has a balcony , if located around the main floor, it even has a patio space, get more info.

4) In-Suite Laundry
Much more important with guys, but almost'vital' to female condominium potential purchasers and renters. Having a safe place to do your laundry would be also, at least, a'good to have' feature.

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

Bonus: Concrete Developing
Usually a little expensive, however, worth the purchase price. More quiet, stronger and stable, an expenditure decision condominium in Singapore with concrete flooring and walls can also make for easier resale.

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

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

Back to my good friend: his private purchase was a exact poor deal, as his investment condo had n one of those features. Located in a rough part of the town, no parking area , no balcony, no more laundry and on the floor free of elevator will make this a exact difficult saleat a popular market.