Buying An Expenditure Condo? The Following Is A Manual!

Things to look for in an Expenditure Condo

A good friend of mine called me a couple of months ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a choice he regretted for several reasons. As we were talking about his investment condominium, my mind went over the features any investor needs to be on the lookout for when purchasing a condominium, get more info.

1 ) ) Location, Location, Loc...
You have heard that earlier. The leading three most important issues in real estate are....well, you will already know. Its different when purchasing an investment condo, or a flat on the very own personal use. Will it be easy to spend or can the location hamper your re-sale initiatives? When you are going to let out it, may be your condominium located near public transportation channels? Could be your neighbourhood safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically in central places such as downtown, is always at a premium. Although you are lucky enough to rent your investment out condominium to someone who doesn't generate their particular vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony is one of the absolute most important features requested by consumers. With out having a location to sit down outside, perhaps read a novel at the air or toss a few beef onto the'que, proprietors and renters will probably really feel trapped inside their condo. Make certain that your expense decision condominium has a balcony or, if located around the main floor, then it even has a patio space, find out more.

4) In-Suite Laundry
Less important with unmarried men, but almost'vital' to female condo potential purchasers and tenants. Having a secure place to get your laundry is, at the very least, a'good to have' feature.

The above mentioned features are perhaps one of the most important types to contemplate. Based on your price range, you may want to consider several further:

Reward: Concrete Building
Usually a bit more costly, but worth the purchase price. Quieter, more solid and stable, an investment decision condo in Singapore with flooring and walls will also make for easier resale.

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

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

Back for my buddy: his private purchase was a exact inadequate deal, as his expenditure decision condominium had n one of those features. Located in a rough part of town, no parking area , no balcony, no more laundry and on the floor with no elevator can make this a very challenging salein a popular market.