Purchasing An Expense Condo? Here Is A Manual!

Things to Start Looking for in an Expenditure Decision Condo

A good buddy of mine called me a few months ago, and asked me to give him a Market Evaluation on his investment decision condominium 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're talking about his investment condo, my brain moved over the very best features any investor should be looking for when purchasing a condo, website.

1) Location, Location, Loc...
You have heard this earlier. The major three important points in real estate are....well, you know. Its different when purchasing an investment condo, or a condo on your very own personal use. Might it's easy to resell, or does exactly the location hamper your re-sale initiatives? If you are planning to rent out it, could be your condo located near public transportation routes? May be the neighborhood safe? Many factors come in to play.

2) Parking
Parking, especially in central places such as Down Town, is always at a premium. Even if you are fortunate enough to lease your investment out condominium to someone who does not drive their particular vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
With a number of flat-to-condo conversions underway, it really is easy to forget about that a balcony remains one of the absolute most important features asked by potential buyers. With out having a spot to take a seat outside, perhaps read a book at the air or throw a few beef to the'que, proprietors and renters will probably truly feel trapped in your own condo. Make certain that your expenditure condominium has a balcony , if located around the main floor, it has a patio space, visit.

4) In-Suite Laundry
Less important with single adult men, but almost'vital' to female condo potential buyers 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 the most important ones to consider. Based on your price range, you may want to consider several further:

Bonus: Concrete Developing
Usually a bit more costly, however, worth the price. More quiet, stronger and stable, an investment decision condominium in Singapore with flooring and walls can also make for easier resale.

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

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

Back to my friend: his private purchase was a very bad deal, as his expenditure decision condominium had n one of the features. Located in a rough part of town, no parking spotwithout a balcony, no insuite laundry and also on the next floor with no elevator can make this a very tough salein a popular market.