Purchasing An Expenditure Decision Condo? There Is A Guide!

Matters to look for in an Expenditure Decision Condo

A friend of mine called me a few months ago, and asked me to give him a Market Evaluation on his expense decision condominium 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 expense condo, my thoughts went over the features any investor needs to be looking for when purchasing a condo, discover more here.

1) Location, Location, Loc...
You've heard this before. The top three important factors in real estate are....well, you will already know. Its no different when purchasing an investment condominium, or a condo on the own personal use. Might it's easy to spend , or can exactly the location hamper your re-sale initiatives? When you are going to let out it, could be your condominium located near public transportation routes? May be the neighbourhood safe? Many factors come into play.

2) Parking
Parking, especially at central places such as downtown, is always at a top. Even although you are fortunate enough to hire your investment out condominium reselling a condo without its own parking spot is tougher.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it really is easy to overlook that a balcony remains still perhaps one of the absolute most important features asked by potential buyers. With out having a location to take a seat outside, perhaps read a novel in the air or toss some steak on the'que, proprietors and renters will really feel trapped in your own condo. Make certain that your expense condominium has a balcony or, if located on the main floor, it has a patio space, visit website.

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

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

Reward: Concrete Building
Usually a little more costly, however, worth the purchase price. Quieter, more solid and stable, an investment decision condo in Singapore with flooring and walls can also make for easier resale.

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

Bonus: Safe Parking
Especially with all our chilly climate, having underground or indoor parking is an often-requested feature, albeit at a price premium

Back to my friend: His private purchase ended up being a very inadequate deal, as his investment condominium had n one of the features. Located in a demanding part of the town, no parking area , no balcony, no insuite laundry and on the floor free of elevator will make this a tough salein a hot market.