Purchasing An Expenditure Condo? The Following Is A Information!

Matters to look for in an Investment Decision Condo

A friend of mine called me a few weeks ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had performed'privately', a choice he now regretted for several reasons. As we were talking about his expenditure condominium, my brain moved over the features any investor should be searching for when purchasing a condominium, learn more.

1) Location, Location, Loc...
You've heard this before. The leading three most important items in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for your own personal use. Can it's easy to resellor will the location hamper your re-sale initiatives? When you're planning to let out it, could be your condo located near public transportation channels? May be your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically in central locations such as downtown, is always at a premium. If you are lucky enough to rent out your investment condominium reselling a flat without its parking area is more difficult.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony remains still perhaps one of the absolute most important features requested by buyers. With out having a spot to sit outside, perhaps read a publication in the air or throw some steak to the'que, owners and tenants will feel trapped of the condo. Make sure your expenditure condominium has a balcony or, if located around the main floor, it even has a patio space, website.

4) In-Suite Laundry
Less important with single guys, but almost'vital' to female condominium customers and renters. Having a safe place to do your laundry isalso, at the very least, a'good 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:

Bonus: Concrete Constructing
Usually a bit more costly, however, well worth the price. More quiet, more solid and stable, an expenditure condominium in Singapore with concrete floors and walls can also make for easier resalevalue.

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

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

Back for my close pal: His private purchase was a exact bad deal, as his expenditure condominium had n one of the features. Located in a demanding part of town, no parking area without a balcony, no more laundry and on the 3rd floor free of elevator is likely to make this a difficult salein a hot market.