Shopping For An Expense Condo? The Following Is A Manual!

Matters to Start Looking for in an Investment Condo

A close friend of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his expense condo in Singapore. He had purchased a small condo about a year ago, and had performed 'privately', a choice he regretted for several reasons. As we're talking about his expense condo, my brain moved over the top features any investor should be looking for when purchasing a condo, home page.

1) Location, Location, Loc...
You've heard that earlier. The best three important items in real estate are....well, you know. Its different when purchasing an investment condo, or a condo for the own personal use. Can it's easy to spend , or does exactly the location hamper your re-sale attempts? If you are going to rent out it, could be your condo located near public transportation channels? Could be the area safe? Many factors enter into play.

2) Parking
Parking, especially at central places such as downtown, is always at a premium. Even if you are fortunate enough to rent your investment out condominium to somebody who doesn't push their own vehicle, reselling a condo without its parking spot is more difficult.

3) Balcony
With several flat-to-condo rate of conversion underway, it really is easy to forget that a balcony is still probably one of the most important features requested by buyers. Devoid of a location to take a seat outside, perhaps read a publication in the fresh air or throw some steak onto the'que, proprietors and renters will truly come to feel trapped in your own condominium. Make certain that your expenditure condominium has a balcony or, if located on the main floor, then it has a patio space, go here.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condominium buyers and tenants. Having a protected place to do your laundry isalso, at the very least, a'nice to have' feature.

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

Bonus: Concrete Making
Usually a bit costly, but worth the purchase price. More quiet, stronger and stable, an investment condo in Singapore with concrete floors and walls can also make for easier resalevalue.

Bonus: 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.

Bonus: Safe Parking
Especially with all our chilly climate, having underground or indoor parking is still an often-requested feature, albeit at a price premium

Back for my good friend: his private purchase ended up being a exact bad deal, as his expenditure decision condo had n one of these features. Located in a rough part of the town, no parking spot, no balcony, no more insuite laundry and on the 3rd floor free of elevator will make this a difficult salein a popular market.