Buying An Expense Condo? There Is A Guide!

Matters to Start Looking for in an Investment Decision Condo

A pal of mine called me a couple weeks ago, and asked me to provide him a Market Evaluation on his expenditure decision condo in Singapore. He had purchased a small condo about a year ago, and had accomplished so'privately', a decision he regretted for several reasons. As we were talking about his investment condominium, my head moved over the features any investor needs to really be searching for when purchasing a condo, learn more here.

1 ) ) Location, Location, Loc...
You've heard that earlier. The leading three most important items in real estate are....well, you will know. Its no different when purchasing an investment condo, or a condo on the very own personal use. Might it be easy to spend , or can exactly the location hamper your re-sale initiatives? If you are likely to let out it, could be your condo located near public transportation routes? Could be the neighborhood safe? Many factors come in to play.

Two ) Parking
Maneuver, specifically at central locations such as Down Town, is always at a premium. Even if you are lucky enough to hire your investment out condominium to someone who does not push their own vehicle, reselling a flat without its parking area is tougher.

3) Balcony
With several apartment-to-condo rate of conversion underway, it is easy to forget about that a balcony remains still probably one of the absolute most important features requested by buyers. With no a spot to sit perhaps read a book at the brand new air or throw some steak onto the'que, owners and tenants will probably come to feel trapped of the condo. Make certain that your expenditure condominium has a balcony or, if located on the main floor, it has a patio space, click here.

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

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

Bonus: Concrete Creating
Usually a little expensive, but worth the price. Quieter, more solid and stable, an expenditure condo in Singapore with concrete floors and walls will also make for easier resalevalue.

Bonus: 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: Safe Parking
Especially together using our winter climate, having indoor or subterranean parking is an often-requested feature, albeit at a price premium

Back for my buddy: his private purchase was a exact bad deal, as his expenditure decision condominium had NONE of the features. Located in a demanding part of town, no parking area without a balcony, no insuite laundry and on the floor free of elevator can make this a difficult salein a popular market.