Getting An Expense Condo? The Following Is A Guide!

Things to look for in an Investment Condo

A friend of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had carried out'privately', a choice he now regretted for several reasons. As we're talking about his expenditure condo, my head moved over the features any investor needs to be looking for when purchasing a condominium, more info.

1 ) ) Location, Location, Loc...
You've heard this earlier. The top three most important items in real estate are....well, you already know. Its different when purchasing an investment condo, or a condo on your very own personal use. Will it be easy to spend or will the location hamper your re-sale attempts? When you're likely to let out it, is your condominium located near public transportation routes? Could be your area safe? Many factors enter in to play.

2) Parking
Parking, specifically at central places such as downtown, is always at a top. Even if you are lucky enough to rent out your investment condo to someone who does not drive their particular vehicle, reselling a condo without its own parking spot is more difficult.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it is easy to forget about that a balcony is probably one of the absolute most important features requested by consumers. With out having a spot to take a seat perhaps read a novel at the air or throw some beef to the'que, owners and tenants will come to feel trapped inside their condominium. Make certain that your expense condominium has a balcony or, if located around the main floor, it even has a patio space, discover more here.

4) In-Suite Laundry
Much more important with unmarried adult males, but almost'vital' to female condo purchasers and renters. Having a safe place to do your own laundry is, at the very least, a'nice to have' feature.

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

Bonus: Concrete Constructing
Usually a bit more expensive, however, worth the price. More quiet, 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 yet another nice-to-have feature, making the condo more comfortable and easier to lease out.

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

Back for my friend: his private purchase ended up being a exact bad deal, as his expenditure decision condominium had n one of those features. Located in a rough part of town, no parking area without a balcony, no more insuite laundry and on the next floor with no elevator is likely to make this a tough saleat a hot market.