Purchasing An Investment Decision Condo? There Is A Information!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a couple weeks ago, and asked me to provide him a Market Evaluation on his expenditure decision condo in Singapore. He had purchased a small condo about a year ago, and had carried out 'privately', a decision he regretted for several reasons. As we're talking about his expense condominium, my head went over the top features any investor should be looking for when purchasing a condo, read more here.

1 ) ) Location, Location, Loc...
You've heard this before. The top three most important points in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo on your very own personal use. Might it be easy to resellor can the location hamper your re-sale initiatives? When you are going to rent out it, may be the condominium located near public transportation routes? Could be your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central locations such as downtown, is always at a top. Even although you are fortunate enough to lease your investment out condo reselling a flat without its own parking spot is tougher.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to forget that a balcony is still perhaps one of the most important features requested by buyers. Without a spot to take a seat down outside, perhaps read a book at the air or throw a few beef to the'que, owners and tenants will probably really come to feel trapped in the condo. Make certain that your expenditure condo has a balcony or, if located around the main floor, then it even has a patio space, clicking here.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condominium buyers and renters. Having a protected place to get your laundry isalso, at least, a'nice to have' feature.

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

Bonus: Concrete Creating
Usually a bit more expensive, but really worth the price. Quieter, more solid 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 more comfortable and easier to lease out.

Reward: Secure Parking
Especially with our winter climate, having indoor or subterranean parking is still also an often-requested feature, albeit at a price premium

Back to my close good friend: his private purchase ended up being a exact poor deal, as his investment decision condominium had NONE of the features. Located in a rough part of town, no parking spot, no balcony, no laundry and on the 3rd floor with no elevator is likely to make this a exact tough salein a popular market.