Buying An Expense Condo? There Is A Information!

Things to Start Looking for in an Expenditure Decision Condo

A close good buddy of mine called me a few months ago, and asked me to give him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condo about a year ago, and had carried out so'privately', a determination he now regretted for several reasons. As we're talking about his expenditure condo, my mind moved over the very best features any investor should really be looking for when purchasing a condominium, find out more.

1) Location, Location, Loc...
You have heard this before. The top three most important items in real estate are....well, you will already know. Its different when purchasing an investment condo, or a condo for your own personal use. Could it be easy to spend , or can exactly the location hamper your re-sale attempts? If you should be likely to rent out it, is the condo located near public transportation routes? Is your neighborhood safe? Many factors enter into play.

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

3) Balcony
With several flat-to-condo rate of conversion underway, it's easy to overlook that a balcony remains one of the absolute most important features asked by customers. With out a spot to sit outside, perhaps read a publication in the air or toss some beef onto the'que, proprietors and renters will probably feel trapped in their condo. Make sure your expense condo has a balcony or, if located on the main floor, it even has a patio space, find out more.

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

The above 4 features are perhaps the most important ones. Based on your price range, you may want to consider several more:

Bonus: Concrete Building
Usually a little expensive, but really worth the purchase price. More quiet, stronger and stable, an investment condo in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

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

Back to my close pal: His private purchase ended up being a exact poor deal, as his expenditure decision condo had NONE of those features. Located in a rough part of the town, no parking spot, no balcony, no more laundry and also on the floor free of elevator will make this a very tough sale, even in a hot market.