Buying An Investment Condo? The Following Is A Information!

Matters to look for in an Investment Condo

A good friend of mine called me a couple of months ago, and asked me to offer him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condo about a year ago, and had accomplished 'privately', a decision he now regretted for several reasons. As we're talking about his expense condominium, my thoughts went over the top features any investor should be on the lookout for when purchasing a condo, homepage.

1) Location, Location, Loc...
You've heard that earlier. The leading three important points in real estate are....well, you will know. Its no different when purchasing an investment condo, or a flat for your very own personal use. Could it's easy to spend , or does exactly the location hamper your own re-sale initiatives? If you should be likely to let out it, is your condominium located near public transportation routes? May be your area safe? Many factors enter into play.

2) Parking
Parking, specifically at central locations such as Down Town, is always at a top. Although you are lucky enough to hire out your investment condominium reselling a flat without its own parking area is tougher.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it's easy to forget that a balcony remains perhaps one of the most important features requested by consumers. With no a location to take a seat perhaps read a novel at the air or throw a few steak to the'que, proprietors and tenants will come to feel trapped inside their condominium. Make certain that your expense condominium has a balcony , if located on the main floor, then it has a patio space, homepage.

4) In-Suite Laundry
Much more important with single men, but almost'vital' to female condominium potential buyers and renters. Having a secure place to get your laundry would be also, at the very least, a'nice to have' feature.

The above 4 features are perhaps one of the most important types to look at. Depending upon Your price range, you may want to consider several more:

Reward: Concrete Making
Usually a bit more costly, however, worth the purchase price. Quieter, stronger and stable, an expenditure condo in Singapore with concrete floors and walls can also make for easier resale.

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

Bonus: Safe Parking
Especially together using our winter climate, having indoor or underground parking is still an often-requested feature, albeit at a price premium

Back for my close pal: his private purchase was a exact poor deal, as his investment condominium had NONE of those features. Located in a rough part of town, no parking spot, no balcony, no insuite laundry and on the 3rd floor free of elevator can make this a exact tough saleat a hot market.