Purchasing An Expense Condo? Here Is A Guide!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had done'privately', a decision he regretted for several reasons. As we were talking about his expense condo, my brain went over the top features any investor should be looking for when purchasing a condominium, read more.

1) Location, Location, Loc...
You have heard that before. The best three most important things in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat on your very own personal use. Could it be easy to resellor does exactly the location hamper your own re-sale efforts? If you should be planning to rent it out, is your condominium located near public transportation routes? Is the neighbourhood safe? Many factors come in to play.

Two ) Parking
Maneuver, specifically in central locations such as downtown, is always at a premium. Even if you are fortunate enough to rent out your investment condominium reselling a flat without its own parking area is tougher.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it really is easy to forget that a balcony is still one of the absolute most important features asked by purchasers. Without a spot to take a seat outside, perhaps read a book in the brand new air or throw some beef on the'que, proprietors and tenants will probably feel trapped of the condo. Make sure your expenditure condo has a balcony , if located on the main floor, it even has a patio space, get more info.

4) In-Suite Laundry
Much more important with guys, but almost'vital' to female condominium purchasers and renters. Having a secure place to do your laundry isalso, at least, a'good 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 further:

Bonus: Concrete Creating
Usually a little expensive, but worth the price. Quieter, stronger and stable, an investment decision condominium in Singapore with concrete floors and walls can also make for easier resalevalue.

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

Bonus: Secure Parking
Especially using all our chilly climate, having indoor or underground parking is also an often-requested feature, albeit at a cost premium

Back to my pal: his private purchase was a very bad deal, as his expenditure condo had n one of these 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 difficult salein a popular market.