Buying An Investment Condo? There Is A Manual!

Things to Start Looking for in an Investment Decision Condo

A pal of mine called me a couple of months 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 completed'privately', a choice he regretted for several reasons. As we're talking about his expenditure condo, my brain went over the features any investor should really be looking for when purchasing a condominium, discover more.

1 ) ) Location, Location, Loc...
You have heard that before. The major three important points in real estate are....well, you will know. Its different when purchasing an investment condo, or a condo on your very own personal use. Can it's easy to spend , or can the location hamper your own re-sale attempts? When you should be likely to let it out, may be the condominium located near public transportation channels? May be your neighbourhood safe? Many factors enter into play.

Two ) Parking
Maneuver, especially in central places such as downtown, is always at a premium. Even if you are lucky enough to lease your investment out condo to someone who does not drive their own vehicle, reselling a condo without its parking area is more difficult.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it's easy to forget about that a balcony is still one of the absolute most important features requested by consumers. With no a spot to sit perhaps read a novel at the air or toss some beef on the'que, owners and tenants will probably come to feel trapped of their condominium. Make certain that your investment condo has a balcony or, if located on the main floor, it has a patio space, homepage.

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

The above 4 features are perhaps one of the most important types to think about. Based upon Your price range, you may want to consider several more:

Bonus: Concrete Creating
Usually a bit costly, however, worth the purchase price. More quiet, more solid and stable, an expenditure decision condominium in Singapore with flooring and walls will also make for easier resalevalue.

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

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

Back for my buddy: His private purchase was a exact bad deal, as his expense condominium had n one of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no insuite laundry and on the 3rd floor with no elevator is likely to make this a tough salein a popular market.