Buying An Expenditure Condo? Here Is A Manual!

Matters to Start Looking for in an Investment Condo

A good friend of mine called me a couple weeks ago, and asked me to give him a Market Evaluation on his investment condo in Singapore. Turns out he had purchased a small condo about a year ago, and had completed so'privately', a decision he regretted for several reasons. As we're talking about his expense condo, my brain moved over the very best features any investor should really be looking for when purchasing a condominium, learn more here.

1 ) ) Location, Location, Loc...
You have heard that earlier. The major three important factors in real estate are....well, you will know. Its different when purchasing an investment condo, or a condo on your own personal use. Might it be easy to resellor can exactly the location hamper your re-sale attempts? When you're going to let it out, could be the condo located near public transportation channels? May be the area safe? Many factors enter into play.

2) Parking
Parking, especially in central locations such as downtown, is always at a premium. Although you are fortunate enough to hire out your investment condo to somebody who does not generate their own vehicle, reselling a flat without its parking spot is more difficult.

3) Balcony
Using several flat-to-condo rate of conversion underway, it really is easy to overlook that a balcony remains still one of the most important features requested by customers. With no a spot to sit outside, perhaps read a publication at the air or toss some beef to the'que, proprietors and renters will really feel trapped inside your own condominium. Make sure your investment condominium has a balcony , if located on the main floor, it even has a patio space, visit website.

4) In-Suite Laundry
Much more important with guys, but almost'vital' to female condo buyers and renters. Having a protected place to do your laundry isalso, at the very least, a'nice to have' feature.

The above 4 features are perhaps one of the most important types to contemplate. Depending upon Your price range, you may want to consider several further:

Reward: Concrete Building
Usually a bit expensive, but worth the price. More quiet, more solid and stable, an investment condo in Singapore with concrete flooring and walls will also make for easier resale.

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

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

Back for my pal: His private purchase was a very bad deal, as his expenditure decision condominium had n one of these features. Located in a demanding part of the town, no parking spot, no balcony, no insuite laundry and on the 3rd floor free of elevator is likely to make this a exact difficult saleat a popular market.