Purchasing An Investment Decision Condo? Here Is A Manual!

Things to look for in an Expenditure Condo

A pal of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had done so'privately', a choice he regretted for several reasons. As we were talking about his investment condo, my mind moved over the features any investor should really be on the lookout for when purchasing a condo, learn more.

1 ) ) Location, Location, Loc...
You've heard that earlier. The major three important ideas in real estate are....well, you know. Its no different when purchasing an investment condominium, or a flat for the very own personal use. Does it be easy to resell, or does exactly the location hamper your own re-sale attempts? When you should be going to let out it, could be the condominium located near public transportation routes? Is the neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially at central locations such as downtown, is always at a premium. Even although you are fortunate enough to rent your investment out condominium reselling a condo without its parking spot is tougher.

3) Balcony
With a number of flat-to-condo conversions underway, it is easy to forget about that a balcony is perhaps one of the most important features asked by customers. Devoid of a spot to take a seat outside, perhaps read a publication in the brand new air or throw some beef onto the'que, owners and renters will come to feel trapped of your own condominium. Make sure your expense condo has a balcony , if located on the main floor, it has a patio space, read this.

4) In-Suite Laundry
Much more important with single adult men, but almost'vital' to female condominium buyers and renters. Having a safe place to get your own laundry would be , at least, a'nice to have' feature.

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

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

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

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

Back for my friend: His private purchase ended up being a very poor deal, as his expenditure condo had n one of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no more insuite laundry and also on the floor free of elevator will make this a very challenging salein a popular market.