Buying An Investment Condo? The Following Is A Information!

Things to look for in an Expenditure Decision Condo

A friend of mine called me a few months ago, and asked me to give him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had performed'privately', a choice he regretted for several reasons. As we were talking about his expense condominium, my mind went over the top features any investor should be on the lookout for when purchasing a condominium, learn more.

1 ) ) Location, Location, Loc...
You have heard this earlier. The best three important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your very own personal use. Will it's easy to spend , or will the location hamper your re-sale efforts? When you're planning to rent it out, could be the condo located near public transportation routes? Could be the neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, specifically at central places such as downtown, is always at a premium. Although you are fortunate enough to lease out your investment condominium to somebody who doesn't push their particular vehicle, reselling a flat without its parking spot is more difficult.

3) Balcony
With several flat-to-condo conversions underway, it is easy to forget that a balcony is still perhaps probably one of the absolute most important features asked by consumers. Without a location to sit outside, perhaps read a novel in the air or toss a few steak to the'que, proprietors and tenants will really come to feel trapped in your own condo. Make sure your expenditure decision condominium has a balcony , if located on the main floor, it even has a patio space, homepage.

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

The above 4 features are perhaps one of the most important types to contemplate. Based on your price range, you may want to consider several more:

Bonus: Concrete Constructing
Usually a bit expensive, however, worth the price. More quiet, stronger and stable, an expenditure condominium in Singapore with flooring and walls will also make for easier resalevalue.

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

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

Back for my close pal: His private purchase was a very poor deal, as his investment decision condo had NONE of the features. Located in a demanding part of town, no parking area , no balcony, no more insuite laundry and on the floor with no elevator will make this a difficult salein a hot market.