Purchasing An Expenditure Condo? There Is A Guide!

Things to Start Looking for in an Investment Condo

A good friend of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had done'privately', a choice he regretted for several reasons. As we're talking about his investment condominium, my thoughts moved over the features any investor should be searching for when purchasing a condo, visit website.

1) Location, Location, Loc...
You have heard this earlier. The leading three important factors in real estate are....well, you already know. Its no different when purchasing an investment condominium, or a condo on the very own personal use. Might it's easy to spend , or will exactly the location hamper your re-sale attempts? When you're likely to rent out it, may be your condominium located near public transportation routes? Is your neighborhood safe? Many factors come into play.

2) Parking
Maneuver, specifically at central places such as Down Town, is always at a premium. Although you are lucky enough to rent your investment out condominium reselling a flat without its own parking area is more difficult.

3) Balcony
With several apartment-to-condo conversions underway, it is easy to forget about that a balcony remains still probably one of the absolute most important features requested by purchasers. Without a location to take a seat outside, perhaps read a publication at the fresh air or throw some steak on the'que, proprietors and renters will probably really come to feel trapped of their condominium. Make certain that your expense decision condominium has a balcony , if located around the main floor, it has a patio space, go here.

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

The above mentioned features are perhaps the most important types to consider. Depending upon Your price range, you may want to consider several further:

Bonus: Concrete Constructing
Usually a bit more costly, but worth the price. Quieter, stronger and stable, an investment decision condominium in Singapore with floors and walls can also make for easier resale.

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

Reward: Safe Parking
Especially using all our winter climate, having indoor or subterranean parking is an often-requested feature, albeit at a cost premium

Back to my good friend: his private purchase ended up being a exact inadequate deal, as his investment condo had n one of these features. Located in a rough part of town, no parking area , no balcony, no insuite laundry and also on the next floor free of elevator is likely to make this a very difficult sale, even in a hot market.