Purchasing An Investment Condo? There Is A Information!

Matters to Start Looking for in an Investment Condo

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

1) Location, Location, Loc...
You've heard that earlier. The leading three most important points in real estate are....well, you know. Its different when purchasing an investment condominium, or a condo for the own personal use. Can it's easy to resellor does exactly the location hamper your own re-sale efforts? When you're likely to let out it, is your condominium located near public transportation channels? May be the neighborhood safe? Many factors enter in to play.

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

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it really is easy to forget about that a balcony remains still perhaps one of the most important features asked by buyers. Devoid of a location to take a seat perhaps read a publication in the air or throw some steak to the'que, owners and tenants will probably come to feel trapped of your own condominium. Make sure your expense decision condo has a balcony , if located on the main floor, it has a patio space, learn more here.

4) In-Suite Laundry
Less important with unmarried males, but almost'vital' to female condominium buyers and tenants. Having a secure place to get your laundry is, at the very least, a'good to have' feature.

The above mentioned features are perhaps the most important ones. Depending upon Your price range, you may want to consider several more:

Bonus: Concrete Creating
Usually a bit costly, but worth the price. More quiet, more solid and stable, an investment decision condo in Singapore with floors and walls can also make for easier resale.

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

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

Back for my pal: His private purchase was a very bad deal, as his expense condo had n one of these features. Located in a demanding part of town, no parking spotwithout a balcony, no laundry and also on the next floor with no elevator can make this a hard sale, even in a hot market.