Buying An Investment Condo? There Is A Guide!

Matters to Start Looking for in an Expenditure Condo

A buddy of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his expense decision condo in Singapore. Turns out he had purchased a small condo about a year ago, and had performed 'privately', a determination he regretted for several reasons. As we were talking about his expense condo, my head went over the very best features any investor should be searching for when purchasing a condo, read more.

1 ) ) Location, Location, Loc...
You have heard that before. The top three important issues in real estate are....well, you will already know. Its different when purchasing an investment condo, or a flat for your very own personal use. Will it's easy to resellor can the location hamper your re-sale attempts? If you are going to let out it, is the condominium located near public transportation routes? Could be your neighborhood safe? Many factors enter in to play.

2) Parking
Maneuver, specifically in central places such as Down Town, is always at a premium. Even if you are lucky enough to lease out your investment condominium to somebody who does not drive their own vehicle, reselling a condo without its parking spot is more difficult.

3) Balcony
With a number of apartment-to-condo conversions underway, it is easy to overlook that a balcony is still perhaps probably one of the most important features requested by consumers. Without a spot to take a seat down outside, perhaps read a book at the brand new air or toss a few beef on the'que, owners and tenants will probably really feel trapped inside your own condominium. Make sure your expenditure condo has a balcony or, if located around the main floor, it has a patio space, visit website.

4) In-Suite Laundry
Much more important with unmarried males, but almost'vital' to female condominium purchasers and tenants. Having a secure place to do your laundry is, at the very least, a'good to have' feature.

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

Reward: Concrete Making
Usually a bit more costly, however, worth the purchase price. More quiet, more solid 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 yet another nice-to-have feature, making the condominium significantly more comfortable and easier to lease .

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

Back to my good friend: his private purchase was a very inadequate deal, as his expense condominium had n one of the features. Located in a demanding part of town, no parking spotwithout a balcony, no insuite laundry and also on the 3rd floor with no elevator will make this a exact challenging salein a hot market.