Purchasing An Expense Condo? Here Is A Guide!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a decision he now regretted for several reasons. As we're talking about his investment condo, my brain moved over the features any investor should be looking for when purchasing a condominium, website.

1) Location, Location, Loc...
You've heard that before. The top three most important points in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for the personal use. Might it's easy to spend , or does exactly the location hamper your own re-sale efforts? If you're planning to let it out, may be the condo located near public transportation routes? Could be the neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, specifically in central locations such as Down Town, is always at a premium. Although you are lucky enough to lease your investment out condominium reselling a flat without its own parking spot is more difficult.

3) Balcony
With several flat-to-condo conversions underway, it is easy to forget that a balcony remains perhaps one of the absolute most important features requested by potential buyers. Without a location to sit perhaps read a novel at the brand new air or toss a few steak to the'que, owners and tenants will probably really feel trapped of their condominium. Make sure your investment condominium has a balcony or, if located on the main floor, it even has a patio space, home page.

4) In-Suite Laundry
Less important with unmarried adult males, but almost'vital' to female condo customers and renters. Having a safe place to do your laundry would be , at the very least, a'good to have' feature.

The above 4 features are perhaps the most important ones to look at. Depending on your price range, you may want to consider several more:

Reward: Concrete Creating
Usually a little more costly, however, worth the purchase price. Quieter, stronger and stable, an investment decision condominium in Singapore with concrete floors and walls can also make for easier resale.

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

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

Back to my buddy: His private purchase was a exact poor deal, as his expenditure decision condominium had NONE of these features. Located in a demanding part of town, no parking area without a balcony, no laundry and also on the next floor with no elevator can make this a exact hard salein a popular market.