Buying An Investment Condo? Here Is A Information!

Matters to look for in an Investment Decision Condo

A pal of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condominium about a year ago, and had performed 'privately', a determination he now regretted for several reasons. As we were talking about his expense condo, my brain moved over the very best features any investor needs to be on the lookout for when purchasing a condominium, learn more here.

1) Location, Location, Loc...
You have heard that before. The best three important things in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo on the personal use. Could it be easy to spend , or will exactly the location hamper your re-sale initiatives? If you're going to rent it out, could be your condo located near public transportation routes? Could be the area safe? Many factors come into play.

Two ) Parking
Maneuver, especially in central locations such as Down Town, is always at a premium. Although you are lucky enough to rent out your investment condo reselling a flat without its own parking spot is harder.

3) Balcony
With several apartment-to-condo conversions underway, it really is easy to overlook that a balcony remains still one of the absolute most important features asked by buyers. Without a location to sit perhaps read a book at the air or throw a few beef to the'que, owners and tenants will feel trapped inside your own condo. Make sure your expenditure decision condo has a balcony , if located around the main floor, then it has a patio space, learn more.

4) In-Suite Laundry
Less important with adult guys, but almost'vital' to female condo potential buyers and tenants. Having a secure place to do your laundry isalso, at least, a'good to have' feature.

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

Reward: Concrete Building
Usually a bit more costly, however, worth the price. More quiet, more solid and stable, an expenditure condo in Singapore with concrete floors and walls can also make for easier resale.

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

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

Back for my good friend: his private purchase ended up being a exact bad deal, as his investment decision condo had n one of these features. Located in a demanding part of town, no parking spot, no balcony, no more insuite laundry and on the next floor with no elevator can make this a very hard sale, even in a hot market.