Buying An Expense Condo? Here Is A Information!

Matters to Start Looking for in an Investment Condo

A pal of mine called me a few weeks ago, and asked me to offer him a Market Evaluation on his investment condo in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a determination he regretted for several reasons. As we're talking about his investment condominium, my mind moved over the top features any investor needs to be searching for when purchasing a condominium, discover more here.

1) Location, Location, Loc...
You have heard that before. The best three important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat on your own personal use. Will it be easy to spend or will the location hamper your re-sale initiatives? If you are planning to rent out it, is the condominium located near public transportation channels? May be your area safe? Many factors come into play.

2) Parking
Parking, specifically at central locations such as downtown, is always at a premium. Although you are fortunate enough to hire your investment out condominium reselling a flat without its parking spot is more difficult.

3) Balcony
With several apartment-to-condo conversions underway, it is easy to forget about that a balcony is probably one of the most important features requested by customers. With no a location to take a seat perhaps read a publication at the fresh air or toss a few steak on the'que, proprietors and tenants will really come to feel trapped of your own condo. Make sure your expenditure decision condominium has a balcony or, if located around the main floor, it even has a patio space, go here.

4) In-Suite Laundry
Less important with adult guys, but almost'vital' to female condominium buyers and tenants. Having a safe place to do your laundry isalso, at least, a'good to have' feature.

The above mentioned features are perhaps the most important ones to take into account. Based on your price range, you may want to consider several further:

Bonus: Concrete Creating
Usually a bit costly, but worth the purchase price. Quieter, more solid and stable, an expenditure condo in Singapore with floors and walls will 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 using all our winter climate, having underground or indoor parking is still an often-requested feature, albeit at a cost premium

Back for my pal: his private purchase ended up being a exact poor deal, as his expenditure condominium had NONE of those features. Located in a demanding part of town, no parking area , no balcony, no laundry and on the floor with no elevator is likely to make this a difficult salein a popular market.