Purchasing An Expenditure Condo? Here Is A Manual!

Things to look for in an Investment Condo

A friend of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed 'privately', a determination he regretted for several reasons. As we were talking about his investment condominium, my mind went over the top features any investor needs to really be searching for when purchasing a condo, learn more here.

1 ) ) Location, Location, Loc...
You've heard that earlier. The major three most important items in real estate are....well, you know. Its different when purchasing an investment condo, or a flat for the very own personal use. Does it's easy to spend or does the location hamper your re-sale efforts? When you're likely to let out it, could be your condominium located near public transportation channels? May be the neighbourhood safe? Many factors come in to play.

Two ) Parking
Parking, especially at central places such as Down Town, is always at a premium. If you are fortunate enough to hire your investment out condominium to someone who does not generate their particular vehicle, reselling a condo without its parking area is harder.

3) Balcony
With a number of flat-to-condo conversions underway, it really is easy to overlook that a balcony is still one of the most important features asked by buyers. With out a location to take a seat perhaps read a book in the air or toss some beef to the'que, proprietors and tenants will probably truly come to feel trapped in their condominium. Make certain that your expenditure decision condo has a balcony or, if located on the main floor, then it even has a patio space, read more here.

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

The above mentioned features are perhaps one of the most important ones to contemplate. Depending on your price range, you may want to consider several further:

Bonus: Concrete Creating
Usually a bit more costly, but worth the price. More quiet, stronger and stable, an investment decision condo in Singapore with flooring and walls will also make for easier resalevalue.

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

Reward: Protected Parking
Especially using 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 was a exact inadequate deal, as his expenditure condominium had n one of those features. Located in a demanding part of the town, no parking spotwithout a balcony, no more laundry and also on the next floor free of elevator can make this a challenging salein a hot market.