Getting An Expense Condo? There Is A Information!

Things to look for in an Investment Condo

A buddy of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his investment condo in Singapore. He had purchased a small condo about a year ago, and had done 'privately', a choice he now regretted for several reasons. As we were talking about his expense condo, my thoughts went over the features any investor should really be searching for when purchasing a condominium, website.

1) Location, Location, Loc...
You have heard that before. The leading three important things in real estate are....well, you will know. Its no different when purchasing an investment condominium, or a condo for the own personal use. Can it's easy to spend or will the location hamper your own re-sale initiatives? When you're planning to let out it, is the condominium located near public transportation routes? Could be the neighbourhood safe? Many factors enter in to play.

Two ) Parking
Parking, especially at central places such as Down Town, is always at a premium. If you are lucky enough to rent your investment out condo reselling a condo without its parking spot is tougher.

3) Balcony
With several apartment-to-condo rate of conversion underway, it's easy to forget that a balcony is probably one of the absolute most important features asked by purchasers. With out a location to take a seat down perhaps read a publication in the air or throw a few beef to the'que, proprietors and renters will truly come to feel trapped of the condo. Make certain that your investment decision condominium has a balcony , if located on the main floor, then it has a patio space, read this.

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

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

Reward: Concrete Building
Usually a bit more expensive, however, worth the purchase price. Quieter, stronger and stable, an expenditure condominium in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my buddy: his private purchase ended up being a very bad deal, as his expense condo had NONE of the features. Located in a demanding part of town, no parking spotwithout a balcony, no more laundry and on the floor with no elevator can make this a hard salein a popular market.