Shopping For An Investment Decision Condo? The Following Is A Guide!

Matters to look for in an Investment Condo

A close good buddy of mine called me a few months ago, and asked me to give him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had accomplished'privately', a decision he now regretted for several reasons. As we're talking about his expenditure condominium, my thoughts went over the features any investor needs to really be looking for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You've heard this before. The leading three important items in real estate are....well, you will know. Its no different when purchasing an investment condominium, or a condo for the very own personal use. Does it's easy to resellor does the location hamper your re-sale initiatives? When you should be going to rent it out, may be your condo located near public transportation channels? Could be your area safe? Many factors enter in to play.

2) Parking
Parking, specifically in central places such as downtown, is always at a top. Even although you are lucky enough to hire out your investment condominium reselling a condo without its own parking area is tougher.

3) Balcony
With a number of apartment-to-condo conversions underway, it really is easy to overlook that a balcony is still probably one of the absolute most important features asked by consumers. Without a spot to sit outside, perhaps read a book at the fresh air or toss a few beef to the'que, owners and renters will probably really feel trapped of the condominium. Make certain that your expense condominium has a balcony , if located on the main floor, then it has a patio space, read more.

4) In-Suite Laundry
Less important with unmarried guys, but almost'vital' to female condo potential buyers and renters. Having a safe place to do your laundry is, at least, a'good to have' feature.

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

Reward: Concrete Creating
Usually a bit more costly, but worth the purchase price. Quieter, stronger and stable, an investment condo in Singapore with concrete flooring 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 lease .

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

Back for my good friend: His private purchase ended up being a exact bad deal, as his investment condominium had NONE of those features. Located in a rough part of town, no parking area without a balcony, no more laundry and on the floor free of elevator will make this a very tough sale, even in a popular market.