Purchasing An Expenditure Condo? There Is A Information!

Matters to Start Looking for in an Expenditure Decision Condo

A close friend of mine called me a few months ago, and asked me to give him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had carried out'privately', a decision he regretted for several reasons. As we were talking about his expenditure condominium, my head went over the top features any investor should really be searching for when purchasing a condominium, home page.

1) Location, Location, Loc...
You have heard that before. The leading three important issues in real estate are....well, you will know. Its different when purchasing an investment condominium, or a condo for the personal use. Does it's easy to spend or will the location hamper your own re-sale attempts? When you should be likely to let it out, may be your condo located near public transportation routes? May be the neighborhood safe? Many factors come into play.

2) Parking
Parking, especially at central locations such as Down Town, is always at a top. Although you are fortunate enough to hire out your investment condominium to somebody who doesn't push their particular vehicle, reselling a condo without its own parking area is tougher.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it is easy to forget about that a balcony remains still perhaps probably one of the absolute most important features requested by consumers. With out a spot to take a seat perhaps read a publication in the fresh air or throw a few steak on the'que, proprietors and tenants will probably come to feel trapped inside the condominium. Make certain that your expense decision condo has a balcony or, if located around the main floor, it has a patio space, find out more.

4) In-Suite Laundry
Less important with men, but almost'vital' to female condo customers and tenants. Having a protected place to do your own laundry isalso, at least, a'nice to have' feature.

The above 4 features are perhaps one of the most important ones. Based upon Your price range, you may want to consider several more:

Reward: Concrete Constructing
Usually a bit costly, however, worth the purchase price. Quieter, stronger and stable, an expenditure decision condo in Singapore with concrete floors and walls can also make for easier resale.

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

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

Back to my pal: his private purchase was a exact poor deal, as his expense condominium had n one of the features. Located in a demanding part of the town, no parking spotwithout a balcony, no more insuite laundry and also on the 3rd floor free of elevator is likely to make this a challenging salein a popular market.