Purchasing An Expenditure Condo? There Is A Manual!

Matters to Start Looking for in an Expenditure Condo

A good buddy of mine called me a couple weeks ago, and asked me to give him a Market Evaluation on his expenditure condo in Singapore. He had purchased a small condominium about a year ago, and had done 'privately', a choice he regretted for several reasons. As we're talking about his investment condo, my mind went over the very best features any investor needs to be searching for when purchasing a condo, visit website.

1 ) ) Location, Location, Loc...
You have heard this before. The top three most important items in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat on the own personal use. Can it's easy to resell, or will the location hamper your own re-sale efforts? When you should be planning to let it out, is your condominium located near public transportation channels? Could be the area safe? Many factors come into play.

Two ) Parking
Parking, specifically at central places such as downtown, is always at a premium. Even if you are fortunate enough to lease your investment out condo to somebody who does not drive their particular vehicle, reselling a flat without its parking spot is harder.

3) Balcony
With several flat-to-condo conversions underway, it is easy to forget about that a balcony remains still probably one of the most important features asked by purchasers. With no a location to take a seat down outside, perhaps read a book at the air or toss a few steak to the'que, owners and tenants will truly come to feel trapped of their condominium. Make sure your investment condo has a balcony or, if located on the main floor, it has a patio space, learn more.

4) In-Suite Laundry
Less important with single adult males, but almost'vital' to female condo purchasers and tenants. Having a safe place to do your laundry would be , at the very least, a'nice to have' feature.

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

Reward: Concrete Creating
Usually a little more expensive, however, worth the price. More quiet, stronger and stable, an expenditure condo in Singapore with floors 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 rent out.

Reward: Secure Parking
Especially with our chilly climate, having underground or indoor parking is also an often-requested feature, albeit at a price premium

Back for my buddy: his private purchase ended up being a very bad deal, as his investment condominium had n one of these features. Located in a demanding part of town, no parking spotwithout a balcony, no insuite laundry and on the 3rd floor with no elevator will make this a challenging salein a popular market.