Buying An Expenditure Condo? The Following Is A Information!

Things to Start Looking for in an Investment Condo

A good buddy of mine called me a couple months ago, and asked me to give him a Market Evaluation on his expense decision condo in Singapore. He had purchased a small condo about a year ago, and had performed'privately', a choice he regretted for several reasons. As we're talking about his investment condo, my thoughts went over the top features any investor needs to be on the lookout for when purchasing a condo, visit.

1 ) ) Location, Location, Loc...
You've heard that before. The top three most important items in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo on the personal use. Does it be easy to spend or will the location hamper your own re-sale attempts? If you're likely to rent out it, could be your condo located near public transportation routes? May be your neighbourhood safe? Many factors enter into play.

Two ) Parking
Parking, especially in central locations such as Down Town, is always at a top. If you are fortunate enough to hire your investment out condo to someone who does not drive their particular vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
Using a number of flat-to-condo conversions underway, it really is easy to forget that a balcony remains probably one of the most important features asked by purchasers. Without having a location to take a seat outside, perhaps read a book in the air or toss some steak to the'que, owners and renters will probably come to feel trapped in their condominium. Make certain that your expenditure decision condominium has a balcony , if located around the main floor, then it has a patio space, clicking here.

4) In-Suite Laundry
Much more important with single adult men, but almost'vital' to female condo buyers and renters. Having a secure place to do your laundry is, at least, a'good to have' feature.

The above 4 features are perhaps one of the most important ones to contemplate. Depending upon Your price range, you may want to consider several further:

Bonus: Concrete Creating
Usually a bit costly, however, worth the price. More quiet, stronger and stable, an expenditure condo in Singapore with concrete flooring and walls will also make for easier resale.

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

Bonus: Secure Parking
Especially together with all our winter climate, having underground or indoor parking is still an often-requested feature, albeit at a cost premium

Back to my friend: His private purchase ended up being a very inadequate deal, as his expenditure condominium had NONE of these features. Located in a rough part of the town, no parking area , no balcony, no laundry and also on the floor free of elevator can make this a exact tough saleat a hot market.