Purchasing An Expenditure Condo? There Is A Information!

Things to Start Looking for in an Investment Condo

A friend of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed'privately', a decision he regretted for several reasons. As we were talking about his investment condominium, my mind went over the features any investor should really be looking for when purchasing a condo, website.

1 ) ) Location, Location, Loc...
You've heard that earlier. The best three important factors in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo for the very own personal use. Will it be easy to resellor will exactly the location hamper your re-sale efforts? If you are going to let out it, could be your condominium located near public transportation routes? May be your neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, specifically at central locations such as Down Town, is always at a top. Even if you are fortunate enough to rent your investment out condominium to somebody who does not drive their particular vehicle, reselling a flat without its parking area is harder.

3) Balcony
With several flat-to-condo conversions underway, it is easy to forget that a balcony remains still one of the most important features asked by customers. With out a spot to take a seat down outside, perhaps read a publication at the air or throw some beef on the'que, owners and renters will probably come to feel trapped in the condominium. Make sure your investment condo has a balcony , if located around the main floor, then it has a patio space, web site.

4) In-Suite Laundry
Much more important with males, 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'nice to have' feature.

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

Bonus: Concrete Creating
Usually a bit more expensive, but worth the purchase price. More quiet, more solid and stable, an investment condominium in Singapore with flooring 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 significantly more comfortable and easier to lease .

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

Back to my close buddy: His private purchase ended up being a very inadequate deal, as his expense condominium had n one of the features. Located in a rough part of town, no parking area , no balcony, no more insuite laundry and also on the floor free of elevator can make this a exact challenging salein a hot market.