Getting An Expense Condo? The Following Is A Information!

Things to Start Looking for in an Expenditure Decision Condo

A pal of mine called me a couple weeks 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 accomplished'privately', a choice he now regretted for several reasons. As we were talking about his investment condo, my thoughts moved over the top features any investor should really be looking for when purchasing a condo, read this.

1) Location, Location, Loc...
You've heard this before. The major three important factors in real estate are....well, you will already know. Its different when purchasing an investment condo, or a condo on the own personal use. Could it's easy to resellor can the location hamper your re-sale attempts? When you are going to let it out, may be your condominium located near public transportation channels? Could be the neighbourhood safe? Many factors enter into play.

2) Parking
Parking, especially in central places such as downtown, is always at a premium. Even if you are fortunate enough to hire your investment out condominium reselling a flat without its own parking spot is tougher.

3) Balcony
With several apartment-to-condo rate of conversion underway, it really is easy to forget that a balcony is probably one of the absolute most important features requested by purchasers. With no a spot to take a seat outside, perhaps read a book at the fresh air or toss a few beef on the'que, owners and tenants will probably really feel trapped inside the condominium. Make certain that your investment condominium has a balcony or, if located on the main floor, then it has a patio space, read more.

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

The above 4 features are perhaps one of the most important types to take into account. Depending upon Your price range, you may want to consider several further:

Bonus: Concrete Building
Usually a little more expensive, but well worth the purchase price. Quieter, stronger and stable, an investment decision condominium in Singapore with flooring and walls will also make for easier resale.

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

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

Back for my close pal: his private purchase was a exact inadequate deal, as his investment condo had NONE of the features. Located in a rough part of the town, no parking area , no balcony, no more laundry and also on the 3rd floor with no elevator is likely to make this a tough salein a hot market.