Purchasing An Investment Condo? The Following Is A Guide!

Matters to Start Looking for in an Investment Decision Condo

A close good friend of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his investment condo in Singapore. He had purchased a small condominium about a year ago, and had performed'privately', a decision he regretted for several reasons. As we're talking about his expense condominium, my head went over the features any investor should really be looking for when purchasing a condominium, find out more.

1) Location, Location, Loc...
You have heard that before. The major three most important ideas in real estate are....well, you will know. Its different when purchasing an investment condo, or a condo for the very own personal use. Might it's easy to resellor can exactly the location hamper your own re-sale attempts? If you are planning to rent out it, is your condominium located near public transportation channels? Is the neighbourhood safe? Many factors come into play.

2) Parking
Maneuver, specifically in central locations such as Down Town, is always at a top. If you are lucky enough to rent out your investment condo to somebody who doesn't drive their particular vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
With several flat-to-condo rate of conversion underway, it is easy to forget about that a balcony is still one of the most important features requested by customers. With out a spot to take a seat outside, perhaps read a publication in the fresh air or toss some beef on the'que, owners and renters will probably come to feel trapped inside your own condominium. Make certain that your expenditure condominium has a balcony , if located around the main floor, then it even has a patio space, discover more.

4) In-Suite Laundry
Less important with single adult males, but almost'vital' to female condo purchasers and tenants. Having a safe place to get your own laundry would be also, at least, a'good to have' feature.

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

Bonus: Concrete Creating
Usually a little more expensive, but worth the price. More quiet, more solid and stable, an expenditure condominium in Singapore with flooring and walls will also make for easier resale.

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.

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

Back to my close friend: his private purchase ended up being a exact bad deal, as his expenditure condominium had NONE of those features. Located in a rough part of the town, no parking area without a balcony, no more insuite laundry and on the floor free of elevator will make this a hard saleat a hot market.