Buying An Expenditure Condo? Here Is A Information!

Things to Start Looking for in an Expenditure Decision Condo

A good friend of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his expense condo in Singapore. He had purchased a small condo about a year ago, and had carried out'privately', a choice he regretted for several reasons. As we were talking about his investment condominium, my thoughts went over the features any investor needs to be looking for when purchasing a condominium, read more.

1) Location, Location, Loc...
You have heard that earlier. The major three most important things in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo on your own personal use. Might it be easy to resell, or does the location hamper your re-sale attempts? When you're going to let out it, is the condo located near public transportation channels? Could be your area safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically at central places such as Down Town, is always at a top. Although you are fortunate enough to lease out your investment condo reselling a condo without its parking spot is harder.

3) Balcony
With several flat-to-condo conversions underway, it is easy to overlook that a balcony remains one of the most important features requested by consumers. With out a location to sit perhaps read a publication at the brand new air or toss some beef on the'que, proprietors and renters will probably really feel trapped of your own condo. Make certain that your investment condominium has a balcony or, if located around the main floor, then it even has a patio space, learn more.

4) In-Suite Laundry
Less important with men, but almost'vital' to female condo customers and tenants. Having a protected place to do your own laundry isalso, at the very least, a'nice to have' feature.

The above mentioned features are perhaps one of the most important ones to take into account. Depending upon Your price range, you may want to consider several further:

Reward: Concrete Building
Usually a little more costly, however, worth the price. More quiet, more solid and stable, an expenditure condo in Singapore with floors and walls can also make for easier resalevalue.

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.

Bonus: Secure Parking
Especially using all our chilly climate, having underground or indoor parking is also an often-requested feature, albeit at a price premium

Back for my pal: his private purchase was a very inadequate deal, as his investment condo had NONE of these features. Located in a demanding part of town, no parking area , no balcony, no insuite laundry and also on the floor with no elevator can make this a tough saleat a hot market.