Purchasing An Expense Decision Condo? There Is A Information!

Matters to Start Looking for in an Investment Condo

A pal of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had accomplished'privately', a decision he regretted for several reasons. As we were talking about his investment condo, my head moved over the features any investor should really be on the lookout for when purchasing a condominium, discover more.

1 ) ) Location, Location, Loc...
You have heard that earlier. The best three important factors in real estate are....well, you know. Its no different when purchasing an investment condo, or a condo on your own personal use. Will it be easy to resell, or can exactly the location hamper your own re-sale efforts? If you are likely to let it out, is the condominium located near public transportation channels? Is the area safe? Many factors come in to play.

2) Parking
Maneuver, specifically at central locations such as downtown, is always at a top. Although you are lucky enough to rent your investment out condo reselling a condo without its own parking area is harder.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it really is easy to forget that a balcony remains still perhaps probably one of the absolute most important features asked by consumers. Without a spot to take a seat down outside, perhaps read a novel in the air or throw some beef on the'que, owners and renters will feel trapped inside their condo. Make certain that your expense condo has a balcony , if located on the main floor, then it even has a patio space, discover more here.

4) In-Suite Laundry
Less important with guys, but almost'vital' to female condominium buyers and tenants. Having a protected place to get your laundry would be also, at least, a'nice to have' feature.

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

Reward: Concrete Creating
Usually a bit costly, but worth the price. Quieter, stronger and stable, an investment condominium in Singapore with floors and walls can also make for easier resale.

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

Bonus: Protected Parking
Especially with all our chilly climate, having indoor or subterranean parking is an often-requested feature, albeit at a cost premium

Back for my good friend: his private purchase was a exact inadequate deal, as his expenditure condo had NONE of the features. Located in a rough part of town, no parking spot, no balcony, no more insuite laundry and also on the 3rd floor with no elevator will make this a challenging salein a popular market.