Purchasing An Expense Condo? There Is A Information!

Matters to look for in an Investment Decision Condo

A good friend of mine called me a couple months ago, and asked me to give him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a determination he regretted for several reasons. As we're talking about his expenditure condominium, my head moved over the features any investor needs to really be on the lookout for when purchasing a condo, read more.

1) Location, Location, Loc...
You've heard this earlier. The major three most important items in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo for the own personal use. Does it be easy to resellor can exactly the location hamper your own re-sale initiatives? When you should be going to rent it out, may be your condo located near public transportation channels? May be the neighborhood safe? Many factors enter into play.

Two ) Parking
Parking, specifically at central places such as downtown, is always at a top. Even although you are fortunate enough to lease your investment out condo to someone who doesn't push their particular vehicle, reselling a flat without its parking spot is harder.

3) Balcony
Using several flat-to-condo rate of conversion underway, it is easy to forget about that a balcony remains probably one of the most important features asked by potential buyers. With out a location to take a seat outside, perhaps read a publication at the air or throw a few steak onto the'que, owners and tenants will probably come to feel trapped inside your own condo. Make sure your expenditure condominium has a balcony , if located around the main floor, it has a patio space, website.

4) In-Suite Laundry
Much more important with single males, but almost'vital' to female condominium purchasers and renters. Having a safe place to do your laundry isalso, at least, a'good to have' feature.

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

Bonus: Concrete Creating
Usually a bit costly, however, worth the price. More quiet, more solid and stable, an investment condominium in Singapore with floors and walls can also make for easier resalevalue.

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

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

Back for my friend: His private purchase was a exact poor deal, as his expenditure condominium had NONE of the features. Located in a rough part of the town, no parking spotwithout a balcony, no more insuite laundry and on the 3rd floor with no elevator can make this a exact hard salein a hot market.