Buying An Expense Condo? Here Is A Information!

Matters to Start Looking for in an Expenditure Condo

A good friend of mine called me a few weeks 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 done so'privately', a decision he regretted for several reasons. As we're talking about his expense condominium, my brain moved over the top features any investor should be searching for when purchasing a condominium, website.

1 ) ) Location, Location, Loc...
You have heard this earlier. The major three important points in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat on the very own personal use. Will it's easy to spend , or does the location hamper your re-sale efforts? When you should be going to let it out, may be the condominium located near public transportation routes? Could be the area safe? Many factors enter in to play.

2) Parking
Maneuver, especially in central locations such as downtown, is always at a top. Although you are lucky enough to lease your investment out condominium to somebody who doesn't drive their own vehicle, reselling a flat without its own parking area is harder.

3) Balcony
Using several flat-to-condo conversions underway, it's easy to forget that a balcony is still perhaps probably one of the absolute most important features requested by potential buyers. With no a spot to take a seat down perhaps read a book at the air or toss a few beef to the'que, owners and tenants will come to feel trapped inside their condo. Make certain that your expenditure decision condo has a balcony or, if located on the main floor, it even has a patio space, click here.

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

The above 4 features are perhaps one of the most important ones to look at. Depending on your price range, you may want to consider several further:

Reward: Concrete Making
Usually a bit expensive, but worth the purchase price. Quieter, more solid and stable, an investment condominium in Singapore with concrete floors and walls will also make for easier resale.

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

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

Back for my close friend: his private purchase was a very inadequate deal, as his expenditure decision condominium had NONE of those features. Located in a rough part of town, no parking area without a balcony, no laundry and on the floor with no elevator can make this a exact challenging salein a popular market.