Getting An Expense Condo? There Is A Information!

Things to Start Looking for in an Expenditure Condo

A friend of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his investment decision condo in Singapore. He had purchased a small condominium about a year ago, and had carried out'privately', a determination he regretted for several reasons. As we're talking about his investment condo, my mind went over the top features any investor needs to be on the lookout for when purchasing a condo, go here.

1) Location, Location, Loc...
You've heard this earlier. The best three important issues in real estate are....well, you will already know. Its no different when purchasing an investment condominium, or a flat for the very own personal use. Will it's easy to spend , or will the location hamper your re-sale attempts? When you should be planning to let it out, is the condominium located near public transportation channels? Is the area safe? Many factors come into play.

Two ) Parking
Maneuver, especially at central locations such as Down Town, is always at a top. Although you are lucky enough to hire out your investment condominium reselling a condo without its parking spot is harder.

3) Balcony
With several flat-to-condo rate of conversion underway, it really is easy to forget that a balcony is probably one of the most important features requested by buyers. Devoid of a spot to take a seat down outside, perhaps read a publication at the fresh air or toss a few beef onto the'que, proprietors and renters will feel trapped in the condo. Make certain that your investment condo has a balcony , if located around the main floor, it has a patio space, going here.

4) In-Suite Laundry
Much more important with unmarried males, but almost'vital' to female condo potential purchasers and renters. Having a safe place to get your laundry isalso, at least, a'nice to have' feature.

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

Bonus: Concrete Creating
Usually a bit more expensive, however, worth the purchase price. More quiet, stronger and stable, an investment condo in Singapore with concrete floors and walls can also make for easier resale.

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

Reward: Protected Parking
Especially together using all our chilly climate, having indoor or subterranean parking is still an often-requested feature, albeit at a cost premium

Back for my pal: His private purchase ended up being a very bad deal, as his expenditure condo had NONE of these features. Located in a rough part of town, no parking area without a balcony, no more laundry and on the floor free of elevator can make this a exact difficult salein a popular market.