Purchasing An Investment Decision Condo? Here Is A Guide!

Things to Start Looking for in an Investment Condo

A friend of mine called me a couple weeks ago, and asked me to give him a Market Evaluation on his investment decision condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had accomplished'privately', a determination he regretted for several reasons. As we're talking about his expenditure condo, my head moved over the features any investor should be searching for when purchasing a condominium, homepage.

1 ) ) Location, Location, Loc...
You have heard that before. The leading three important factors in real estate are....well, you know. Its different when purchasing an investment condo, or a flat on your personal use. Could it be easy to spend , or can exactly the location hamper your own re-sale initiatives? If you're likely to let out it, could be your condo located near public transportation channels? Could be the neighbourhood safe? Many factors come in to play.

2) Parking
Maneuver, specifically in central locations such as downtown, is always at a premium. If you are fortunate enough to hire out your investment condominium reselling a flat without its own parking spot is tougher.

3) Balcony
With several flat-to-condo rate of conversion underway, it is easy to overlook that a balcony remains still perhaps probably one of the most important features requested by customers. With out having a spot to take a seat perhaps read a book at the fresh air or toss a few beef on the'que, proprietors and tenants will probably feel trapped inside your own condo. Make sure your expense condominium has a balcony , if located on the main floor, then it has a patio space, view source.

4) In-Suite Laundry
Much more important with guys, but almost'vital' to female condominium potential purchasers and tenants. Having a protected place to do your laundry would be , at the very least, a'nice to have' feature.

The above mentioned features are perhaps the most important ones. Depending on your price range, you may want to consider several more:

Reward: Concrete Making
Usually a little more costly, but worth the price. More quiet, stronger and stable, an investment condominium in Singapore with concrete flooring and walls will also make for easier resale.

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

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

Back to my friend: his private purchase was a exact inadequate deal, as his expenditure condo had n one of the features. Located in a rough part of the town, no parking area , no balcony, no insuite laundry and on the floor with no elevator is likely to make this a difficult sale, even in a hot market.