Buying An Expenditure Condo? The Following Is A Information!

Matters to look for in an Expenditure Decision Condo

A buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expense decision condo in Singapore. Turns out he had purchased a small condo about a year ago, and had done'privately', a determination he regretted for several reasons. As we were talking about his investment condominium, my thoughts moved over the features any investor needs to be on the lookout for when purchasing a condominium, website.

1 ) ) Location, Location, Loc...
You've heard that earlier. The top three most important items in real estate are....well, you will know. Its no different when purchasing an investment condo, or a condo for the very own personal use. Will it be easy to resellor does the location hamper your re-sale efforts? When you're likely to rent out it, may be your condominium located near public transportation channels? May be your neighbourhood safe? Many factors enter into play.

2) Parking
Parking, specifically in central locations such as downtown, is always at a premium. Even although you are lucky enough to rent your investment out condo to somebody who does not generate their own vehicle, reselling a condo without its parking area is tougher.

3) Balcony
Using a number of flat-to-condo conversions underway, it is easy to forget that a balcony remains one of the absolute most important features requested by purchasers. With out a spot to take a seat outside, perhaps read a book in the brand new air or toss a few beef to the'que, proprietors and tenants will feel trapped in the condominium. Make sure your expenditure condo has a balcony or, if located on the main floor, it even has a patio space, homepage.

4) In-Suite Laundry
Much more important with single adult guys, but almost'vital' to female condo customers and renters. Having a safe place to get your own laundry would be , at the very least, a'good to have' feature.

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

Bonus: Concrete Creating
Usually a little more expensive, however, worth the purchase price. Quieter, stronger and stable, an expenditure condominium in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my good friend: his private purchase was a very inadequate deal, as his investment condo had NONE of those features. Located in a demanding part of the town, no parking area , no balcony, no more laundry and also on the 3rd floor with no elevator can make this a exact challenging salein a hot market.