Buying An Expenditure Condo? Here Is A Guide!

Matters to look for in an Investment Condo

A friend of mine called me a few months ago, and asked me to give him a Market Evaluation on his expenditure condo in Singapore. Turns out he had purchased a small condo about a year ago, and had performed so'privately', a determination he regretted for several reasons. As we were talking about his investment condo, my thoughts went over the features any investor needs to be searching for when purchasing a condo, discover more.

1) Location, Location, Loc...
You have heard that earlier. The major three important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for the own personal use. Could it be easy to resell, or does exactly the location hamper your re-sale efforts? If you are likely to let out it, could be your condo located near public transportation channels? Is your area safe? Many factors come in to play.

Two ) Parking
Parking, especially in central places such as downtown, is always at a premium. If you are lucky enough to hire your investment out condo reselling a condo without its parking spot is tougher.

3) Balcony
Using several apartment-to-condo conversions underway, it's easy to forget about that a balcony is still probably one of the absolute most important features asked by consumers. With out a spot to take a seat perhaps read a book in the air or toss a few beef on the'que, proprietors and tenants will probably really feel trapped inside the condominium. Make certain that your expenditure condominium has a balcony , if located on the main floor, then it has a patio space, visit this link.

4) In-Suite Laundry
Much more important with guys, but almost'vital' to female condominium customers and tenants. Having a protected place to get your own laundry isalso, at the very least, a'good to have' feature.

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

Bonus: Concrete Developing
Usually a little more costly, but worth the purchase price. Quieter, stronger and stable, an expenditure condominium in Singapore with flooring and walls will also make for easier resalevalue.

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

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

Back for my friend: his private purchase was a very bad deal, as his expenditure condominium had NONE of those features. Located in a rough part of town, no parking area , no balcony, no laundry and also on the 3rd floor with no elevator is likely to make this a very tough saleat a hot market.