Purchasing An Expense Condo? There Is A Information!

Things to look for in an Investment Decision Condo

A pal of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expenditure decision condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed'privately', a determination he regretted for several reasons. As we were talking about his expense condominium, my brain moved over the top features any investor should really be looking for when purchasing a condominium, read more.

1 ) ) Location, Location, Loc...
You have heard this before. The top three most important points in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo on your own personal use. Could it be easy to spend , or can the location hamper your own re-sale efforts? When you should be planning to let out it, could be the condo located near public transportation routes? Could be your neighborhood safe? Many factors come into play.

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

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it's easy to forget about that a balcony is perhaps one of the absolute most important features asked by potential buyers. With out a spot to sit outside, perhaps read a publication in the air or throw a few beef on the'que, proprietors and renters will truly really come to feel trapped inside their condo. Make certain that your investment condominium has a balcony or, if located around the main floor, then it has a patio space, click here.

4) In-Suite Laundry
Less important with unmarried men, but almost'vital' to female condominium customers and tenants. Having a protected place to do your laundry is, at least, a'nice to have' feature.

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

Reward: Concrete Constructing
Usually a bit expensive, however, worth the price. More quiet, stronger and stable, an expenditure decision condominium in Singapore with concrete floors 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 out.

Reward: Protected Parking
Especially with all our winter climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back for my buddy: His private purchase was a exact poor deal, as his expense decision condo had NONE of these features. Located in a demanding part of town, no parking area , no balcony, no insuite laundry and also on the 3rd floor with no elevator is likely to make this a very tough salein a popular market.