Buying An Investment Decision Condo? Here Is A Information!

Things to look for in an Investment Condo

A buddy of mine called me a couple months ago, and asked me to give him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condo about a year ago, and had completed so'privately', a choice he regretted for several reasons. As we were talking about his expenditure condominium, my thoughts went over the features any investor needs to be on the lookout for when purchasing a condominium, go here.

1 ) ) Location, Location, Loc...
You've heard this before. The major three most important things in real estate are....well, you know. Its different when purchasing an investment condo, or a flat on the personal use. Does it be easy to resellor will the location hamper your own re-sale initiatives? When you are going to rent out it, is your condominium located near public transportation routes? May be the area safe? Many factors come into play.

Two ) Parking
Maneuver, especially in central places such as downtown, is always at a premium. Even if you are lucky enough to rent your investment out condo reselling a flat without its parking area is harder.

3) Balcony
With a number of apartment-to-condo conversions underway, it's easy to forget that a balcony remains probably one of the most important features requested by consumers. With out having a spot to sit outside, perhaps read a novel in the air or toss a few beef to the'que, owners and tenants will come to feel trapped of their condo. Make certain that your expenditure condominium has a balcony , if located around the main floor, it even has a patio space, get more info.

4) In-Suite Laundry
Less important with guys, but almost'vital' to female condominium customers and renters. Having a secure place to get your laundry is, at least, a'nice to have' feature.

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

Bonus: Concrete Developing
Usually a little expensive, but worth the price. More quiet, more solid and stable, an investment decision condominium in Singapore with flooring and walls can also make for easier resale.

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

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

Back to my pal: his private purchase was a exact bad deal, as his expense condo had NONE of those features. Located in a rough part of the town, no parking spot, no balcony, no laundry and on the floor with no elevator will make this a tough salein a hot market.