Purchasing An Expenditure Condo? There Is A Manual!

Matters to Start Looking for in an Investment Condo

A pal of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had performed 'privately', a decision he regretted for several reasons. As we're talking about his expense condominium, my thoughts moved over the very best features any investor needs to really be on the lookout for when purchasing a condominium, find out more.

1) Location, Location, Loc...
You have heard that earlier. The leading three most important things in real estate are....well, you know. Its no different when purchasing an investment condo, or a flat on the own personal use. Will it's easy to spend or does the location hamper your re-sale attempts? If you're likely to rent it out, could be your condominium located near public transportation channels? May be the neighbourhood safe? Many factors come into play.

Two ) Parking
Maneuver, especially at central locations such as Down Town, is always at a premium. If you are fortunate enough to rent your investment out condo to someone who does not drive their own vehicle, reselling a condo without its parking area is tougher.

3) Balcony
With several flat-to-condo rate of conversion underway, it's easy to forget about that a balcony remains one of the most important features asked by purchasers. Without a spot to take a seat perhaps read a book in the brand new air or toss some steak to the'que, owners and tenants will feel trapped inside your own condo. Make sure your expenditure condo has a balcony , if located around the main floor, it even has a patio space, visit this link.

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

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

Reward: Concrete Making
Usually a bit expensive, however, worth the purchase price. Quieter, more solid and stable, an investment decision condominium in Singapore with concrete floors 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 hire out.

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

Back for my friend: his private purchase was a very poor deal, as his expense condominium had NONE of these features. Located in a demanding part of the town, no parking spotwithout a balcony, no laundry and also on the 3rd floor free of elevator can make this a very hard sale, even in a popular market.