Buying An Expense Condo? There Is A Manual!

Matters to look for in an Expenditure Condo

A pal of mine called me a couple of weeks ago, and asked me to provide him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condominium about a year ago, and had carried out so'privately', a decision he now regretted for several reasons. As we're talking about his investment condo, my head went over the features any investor needs to really be looking for when purchasing a condominium, homepage.

1 ) ) Location, Location, Loc...
You've heard this before. The leading three most important ideas in real estate are....well, you will already know. Its different when purchasing an investment condo, or a condo on your personal use. Does it's easy to resell, or does exactly the location hamper your own re-sale efforts? If you are going to let out it, is your condominium located near public transportation routes? Could be the neighbourhood safe? Many factors enter in to play.

Two ) Parking
Parking, especially in central locations such as downtown, is always at a premium. If you are lucky enough to rent out your investment condo to somebody who doesn't generate their particular vehicle, reselling a condo without its parking area is more difficult.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it's easy to overlook that a balcony remains perhaps probably one of the most important features asked by purchasers. Devoid of a location to take a seat perhaps read a publication in the air or throw some beef onto the'que, proprietors and renters will come to feel trapped inside their condominium. Make certain that your expense condominium has a balcony or, if located around the main floor, then it even has a patio space, view source.

4) In-Suite Laundry
Less important with unmarried guys, but almost'vital' to female condo potential purchasers and renters. Having a safe place to do your laundry would be , at least, a'good to have' feature.

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

Reward: Concrete Developing
Usually a little more expensive, but worth the price. Quieter, stronger and stable, an expenditure condominium in Singapore with concrete floors and walls can also make for easier resalevalue.

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

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

Back to my pal: His private purchase was a exact bad deal, as his expenditure condo had n one of these features. Located in a rough part of town, no parking area without a balcony, no more insuite laundry and also on the 3rd floor with no elevator is likely to make this a exact challenging salein a popular market.