Buying An Investment Condo? The Following Is A Information!

Things to look for in an Investment Condo

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

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

Two ) Parking
Maneuver, specifically in central places such as Down Town, is always at a top. Although you are fortunate enough to rent your investment out condominium to someone who doesn't drive their particular vehicle, reselling a flat without its parking area is harder.

3) Balcony
With a number of flat-to-condo conversions underway, it's easy to overlook that a balcony is perhaps one of the absolute most important features requested by consumers. Devoid of a spot to take a seat outside, perhaps read a publication at the air or throw a few beef onto the'que, proprietors and renters will truly really feel trapped inside the condo. Make certain that your investment decision condo has a balcony , if located around the main floor, it even has a patio space, read more.

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

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

Reward: Concrete Developing
Usually a little expensive, however, worth the price. More quiet, more solid and stable, an expenditure condominium in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

Bonus: Protected Parking
Especially together using our chilly climate, having indoor or subterranean parking is still also an often-requested feature, albeit at a cost premium

Back for my good friend: his private purchase was a very bad deal, as his investment decision condo had n one of the features. Located in a rough part of town, no parking area , no balcony, no insuite laundry and also on the 3rd floor free of elevator is likely to make this a exact challenging saleat a popular market.