Buying An Investment Condo? The Following Is A Manual!

Matters to Start Looking for in an Investment Condo

A pal of mine called me a couple of months ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had done'privately', a decision he regretted for several reasons. As we're talking about his expense condo, my head went over the features any investor should be searching for when purchasing a condominium, more info.

1) Location, Location, Loc...
You've heard that before. The top three important factors in real estate are....well, you will know. Its no different when purchasing an investment condo, or a flat on your very own personal use. Will it be easy to spend , or does exactly the location hamper your re-sale efforts? If you should be likely to let it out, may be the condominium located near public transportation channels? Could be your neighborhood safe? Many factors enter in to play.

2) Parking
Parking, specifically in central locations such as Down Town, is always at a premium. Even if you are fortunate enough to lease out your investment condo to someone who does not drive their particular vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
Using a number of flat-to-condo conversions underway, it is easy to forget about that a balcony is still perhaps probably one of the absolute most important features asked by buyers. Without having a location to sit outside, perhaps read a novel in the brand new air or throw a few beef to the'que, owners and tenants will probably really come to feel trapped in the condominium. Make certain that your expenditure decision condo has a balcony , if located on the main floor, then it has a patio space, home page.

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

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

Reward: Concrete Creating
Usually a bit more costly, however, really worth the purchase price. Quieter, more solid and stable, an expenditure condominium in Singapore with flooring and walls can also make for easier resalevalue.

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

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

Back to my good friend: his private purchase was a exact poor deal, as his expense condo had n one of those features. Located in a demanding part of town, no parking area without a balcony, no more laundry and on the floor with no elevator is likely to make this a exact hard saleat a popular market.