Buying An Expenditure Decision Condo? There Is A Information!

Matters to look for in an Investment Condo

A buddy of mine called me a couple of months ago, and asked me to provide him a Market Evaluation on his expenditure condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had performed'privately', a decision he regretted for several reasons. As we were talking about his expense condo, my head moved over the features any investor should be on the lookout for when purchasing a condo, more info.

1) Location, Location, Loc...
You have heard this before. The best three most important items in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo for the very own personal use. Does it be easy to spend , or will exactly the location hamper your re-sale initiatives? If you should be likely to let it out, could be your condominium located near public transportation channels? Could be the neighbourhood safe? Many factors come into play.

Two ) Parking
Maneuver, especially at central places such as downtown, is always at a top. Although you are lucky enough to lease your investment out condo reselling a condo without its parking area is harder.

3) Balcony
With several apartment-to-condo rate of conversion underway, it really is easy to forget about that a balcony is still one of the absolute most important features requested by consumers. Without a spot to take a seat outside, perhaps read a novel at the brand new air or toss a few steak to the'que, proprietors and tenants will really feel trapped inside your own condominium. Make sure your expense condo has a balcony , if located on the main floor, then it has a patio space, visit.

4) In-Suite Laundry
Less important with males, but almost'vital' to female condo customers and tenants. Having a safe place to get your laundry is, at least, a'nice to have' feature.

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

Bonus: Concrete Making
Usually a little more costly, however, really worth the purchase price. Quieter, more solid and stable, an investment condominium in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

Bonus: Protected Parking
Especially with our chilly climate, having indoor or underground 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 expense decision condo had NONE of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no insuite laundry and on the 3rd floor free of elevator is likely to make this a very tough sale, even in a hot market.