Purchasing An Expense Condo? There Is A Guide!

Things to look for in an Expenditure Decision Condo

A buddy of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a choice he regretted for several reasons. As we're talking about his investment condominium, my head went over the top features any investor should really be looking for when purchasing a condo, visit.

1 ) ) Location, Location, Loc...
You have heard this before. The leading three most important points in real estate are....well, you know. Its different when purchasing an investment condo, or a flat on the very own personal use. Might it be easy to spend or will the location hamper your re-sale initiatives? If you should be planning to let it out, could be the condominium located near public transportation channels? May be the area safe? Many factors come into play.

Two ) Parking
Maneuver, especially in central locations such as downtown, is always at a premium. Even if you are lucky enough to rent out your investment condominium reselling a condo without its own parking area is more difficult.

3) Balcony
With a number of apartment-to-condo conversions underway, it really is easy to overlook that a balcony is probably one of the absolute most important features asked by purchasers. With out having a spot to sit down outside, perhaps read a book at the fresh air or throw some steak to the'que, proprietors and renters will probably feel trapped in the condo. Make certain that your investment condominium has a balcony or, if located on the main floor, then it even has a patio space, homepage.

4) In-Suite Laundry
Much more important with men, but almost'vital' to female condominium customers and tenants. Having a secure place to get your laundry would be also, at least, a'nice to have' feature.

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

Bonus: Concrete Building
Usually a little expensive, but worth the purchase price. Quieter, stronger and stable, an expenditure condominium in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

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

Back to my close pal: His private purchase ended up being a very inadequate deal, as his investment condo had n one of these features. Located in a rough part of the town, no parking area without a balcony, no insuite laundry and on the floor free of elevator will make this a exact challenging sale, even in a hot market.