Purchasing An Expense Condo? The Following Is A Manual!

Matters to look for in an Investment Decision Condo

A friend of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had done'privately', a decision he regretted for several reasons. As we're talking about his expense condo, my head moved over the features any investor needs to be on the lookout for when purchasing a condo, clicking here.

1) Location, Location, Loc...
You've heard that earlier. The leading three most important ideas in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo on your own personal use. Can it be easy to spend or can exactly the location hamper your own re-sale initiatives? When you're likely to let it out, could be your condominium located near public transportation channels? Could be your neighbourhood safe? Many factors enter into play.

2) Parking
Maneuver, especially at central locations such as downtown, is always at a premium. If you are lucky enough to lease your investment out condo reselling a flat without its parking area is tougher.

3) Balcony
Using a number of apartment-to-condo conversions underway, it really is easy to forget that a balcony is still probably one of the most important features requested by consumers. With out a spot to take a seat down outside, perhaps read a publication in the air or throw a few steak onto the'que, owners and tenants will probably really feel trapped of the condo. Make certain that your expense condo has a balcony , if located around the main floor, it has a patio space, homepage.

4) In-Suite Laundry
Much more important with unmarried adult males, but almost'vital' to female condo potential purchasers and renters. Having a protected place to do your laundry would be , at least, a'good to have' feature.

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

Bonus: Concrete Building
Usually a little more expensive, however, well worth the purchase price. More quiet, stronger and stable, an expenditure condo in Singapore with concrete flooring and walls can also make for easier resale.

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

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

Back to my good friend: his private purchase was a exact inadequate deal, as his expenditure condominium had NONE of the features. Located in a rough part of the town, no parking spot, no balcony, no more insuite laundry and on the floor with no elevator will make this a challenging salein a hot market.