Buying An Expenditure Decision Condo? There Is A Guide!

Things to look for in an Investment Condo

A good friend of mine called me a couple of weeks 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 determination he regretted for several reasons. As we were talking about his investment condominium, my brain went over the very best features any investor should be on the lookout for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You have heard that before. The major three important ideas in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo on the own personal use. Can it's easy to spend or will exactly the location hamper your re-sale efforts? If you are going to let out it, could be the condo located near public transportation channels? Could be your neighbourhood safe? Many factors enter in to play.

Two ) Parking
Parking, especially in central locations such as downtown, is always at a top. If you are fortunate enough to lease out your investment condominium reselling a flat without its parking spot is more difficult.

3) Balcony
With several flat-to-condo conversions underway, it really is easy to forget that a balcony remains still perhaps probably one of the absolute most important features requested by consumers. Devoid of a location to take a seat down outside, perhaps read a book in the air or toss a few beef onto the'que, owners and tenants will come to feel trapped inside their condo. Make certain that your investment decision condo has a balcony or, if located on the main floor, it has a patio space, click this link.

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

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

Reward: Concrete Developing
Usually a bit costly, but worth the price. Quieter, more solid and stable, an expenditure condo in Singapore with floors 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 more comfortable and easier to lease .

Reward: Protected Parking
Especially with all our chilly climate, having indoor or underground parking is an often-requested feature, albeit at a cost premium

Back to my good friend: his private purchase ended up being a exact inadequate deal, as his expenditure decision condo had n one of the features. Located in a demanding part of the town, no parking spotwithout a balcony, no more laundry and on the floor with no elevator will make this a challenging salein a popular market.