Purchasing An Expenditure Decision Condo? There Is A Guide!

Matters to Start Looking for in an Expenditure Condo

A buddy of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expense decision condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed'privately', a determination he regretted for several reasons. As we were talking about his expense condominium, my thoughts moved over the very best features any investor needs to be looking for when purchasing a condo, click this link.

1 ) ) Location, Location, Loc...
You have heard that before. The best three most important things in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo on the personal use. Can it be easy to spend , or can exactly the location hamper your own re-sale initiatives? When you are going to let it out, may be your condominium located near public transportation routes? Is your neighborhood safe? Many factors come into play.

2) Parking
Parking, especially at central locations such as downtown, is always at a top. Even although you are lucky enough to rent out your investment condominium reselling a flat without its parking spot is harder.

3) Balcony
With several apartment-to-condo rate of conversion underway, it is easy to forget that a balcony remains probably one of the most important features asked by consumers. With no a spot to take a seat outside, perhaps read a novel in the brand new air or toss a few beef on the'que, proprietors and tenants will come to feel trapped inside their condo. Make certain that your expense decision condo has a balcony , if located around the main floor, it has a patio space, discover more here.

4) In-Suite Laundry
Less important with unmarried guys, but almost'vital' to female condo customers and tenants. Having a safe place to get your laundry isalso, at the very least, a'good to have' feature.

The above mentioned features are perhaps one of the most important types. Depending on your price range, you may want to consider several further:

Bonus: Concrete Making
Usually a bit more expensive, but worth the price. More quiet, more solid and stable, an expenditure condominium in Singapore with concrete flooring and walls can also make for easier resale.

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

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

Back to my pal: his private purchase was a exact poor deal, as his expense condominium had NONE of the features. Located in a rough part of town, no parking area , no balcony, no more insuite laundry and also on the floor free of elevator will make this a difficult salein a hot market.