Buying An Investment Condo? The Following Is A Information!

Matters to Start Looking for in an Investment Condo

A pal of mine called me a couple of months ago, and asked me to give him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had completed so'privately', a determination he regretted for several reasons. As we're talking about his expense condo, my brain moved over the features any investor should be on the lookout for when purchasing a condominium, view source.

1 ) ) Location, Location, Loc...
You have heard this before. The best three important issues in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your own personal use. Does it be easy to resellor will the location hamper your re-sale attempts? When you should be going to let out it, could be your condo located near public transportation channels? Is the neighborhood safe? Many factors enter into play.

2) Parking
Maneuver, especially in central places such as Down Town, is always at a premium. If you are lucky enough to rent your investment out condominium reselling a flat without its parking area is tougher.

3) Balcony
With several flat-to-condo conversions underway, it really is easy to forget that a balcony remains still perhaps one of the absolute most important features requested by consumers. Devoid of a location to sit down perhaps read a publication in the fresh air or throw a few steak on the'que, owners and renters will probably come to feel trapped inside your own condo. Make certain that your expenditure condominium has a balcony , if located on the main floor, it even has a patio space, click here.

4) In-Suite Laundry
Less important with single men, but almost'vital' to female condo buyers and tenants. Having a safe place to get your laundry would be , at least, a'nice to have' feature.

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

Bonus: Concrete Building
Usually a bit expensive, however, worth the purchase price. Quieter, more solid and stable, an investment condo in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

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

Back to my friend: His private purchase was a very inadequate deal, as his expenditure condo had NONE of the features. Located in a rough part of the town, no parking area without a balcony, no insuite laundry and also on the 3rd floor free of elevator can make this a hard salein a hot market.