Buying An Investment Condo? There Is A Information!

Things to look for in an Investment Condo

A buddy of mine called me a couple weeks ago, and asked me to give him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had carried out'privately', a determination he regretted for several reasons. As we're talking about his expenditure condominium, my brain went over the top features any investor needs to really be on the lookout for when purchasing a condominium, get more info.

1) Location, Location, Loc...
You've heard that earlier. The best three most important ideas in real estate are....well, you know. Its no different when purchasing an investment condo, or a flat on your personal use. Might it be easy to spend or does the location hamper your own re-sale attempts? If you should be likely to rent it out, is the condominium located near public transportation channels? Could be the neighbourhood safe? Many factors enter into play.

Two ) Parking
Parking, specifically in central places such as downtown, is always at a top. Even although you are lucky enough to rent out your investment condominium to somebody who doesn't drive their particular vehicle, reselling a flat without its parking area is more difficult.

3) Balcony
Using several apartment-to-condo conversions underway, it is easy to forget about that a balcony remains still perhaps one of the most important features asked by purchasers. With out a spot to sit outside, perhaps read a book at the brand new air or throw a few beef to the'que, owners and tenants will probably come to feel trapped inside their condominium. Make certain that your investment condo has a balcony or, if located on the main floor, it even has a patio space, read more.

4) In-Suite Laundry
Less important with males, but almost'vital' to female condominium customers and tenants. Having a secure place to do your laundry would be also, at the very least, a'nice to have' feature.

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

Reward: Concrete Creating
Usually a bit more expensive, but worth the purchase price. Quieter, more solid and stable, an expenditure condominium in Singapore with floors and walls will also make for easier resale.

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

Bonus: Safe Parking
Especially together with all our winter climate, having indoor or underground parking is still an often-requested feature, albeit at a price premium

Back to my good friend: His private purchase ended up being a very inadequate deal, as his investment decision condominium had n one of the features. Located in a rough part of the town, no parking spot, no balcony, no laundry and also on the floor with no elevator is likely to make this a challenging salein a hot market.