Purchasing An Expense Condo? There Is A Guide!

Things to Start Looking for in an Expenditure Condo

A friend of mine called me a few weeks ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had performed 'privately', a decision he regretted for several reasons. As we were talking about his investment condominium, my thoughts moved over the very best features any investor should be looking for when purchasing a condominium, read more.

1) Location, Location, Loc...
You've heard that earlier. The best three most important things in real estate are....well, you will know. Its different when purchasing an investment condominium, or a condo on your personal use. Can it's easy to resell, or does exactly the location hamper your own re-sale attempts? If you're going to let out it, could be your condominium located near public transportation channels? May be the area safe? Many factors come in to play.

2) Parking
Parking, specifically in central locations such as downtown, is always at a top. Even although you are fortunate enough to rent out your investment condo to somebody who doesn't drive their particular vehicle, reselling a condo without its parking spot is harder.

3) Balcony
Using several apartment-to-condo conversions underway, it really is easy to overlook that a balcony is one of the absolute most important features asked by consumers. With out having a location to sit down perhaps read a novel in the air or throw some beef on the'que, proprietors and renters will probably truly really come to feel trapped of your own condominium. Make sure your expense decision condominium has a balcony or, if located around the main floor, then it even has a patio space, homepage.

4) In-Suite Laundry
Much more important with single guys, but almost'vital' to female condo potential buyers and tenants. Having a secure place to do your laundry would be also, at the very least, a'nice to have' feature.

The above mentioned features are perhaps the most important types to take into account. Based upon Your price range, you may want to consider several more:

Reward: Concrete Developing
Usually a little more expensive, but well worth the purchase price. Quieter, more solid and stable, an investment decision condominium in Singapore with flooring and walls can also make for easier resalevalue.

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

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

Back for my buddy: His private purchase was a exact inadequate deal, as his investment decision condo had n one of those features. Located in a rough part of the town, no parking area without a balcony, no laundry and on the next floor with no elevator can make this a challenging sale, even in a hot market.