Shopping For An Expenditure Condo? The Following Is A Manual!

Matters to look for in an Expenditure Condo

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

1 ) ) Location, Location, Loc...
You've heard this earlier. The major three important items in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo for your very own personal use. Does it be easy to resell, or does the location hamper your own re-sale attempts? If you're planning to rent out it, may be your condo located near public transportation channels? May be the neighborhood safe? Many factors enter into play.

Two ) Parking
Parking, especially in central places such as Down Town, is always at a top. If you are fortunate enough to rent your investment out condominium reselling a flat without its parking area is harder.

3) Balcony
With a number of flat-to-condo conversions underway, it really is easy to forget about that a balcony remains one of the absolute most important features asked by consumers. With out a spot to take a seat down perhaps read a publication at the fresh air or toss some beef on the'que, owners and tenants will truly really come to feel trapped of the condominium. Make certain that your expenditure decision condo has a balcony or, if located around the main floor, then it has a patio space, visit website.

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

The above 4 features are perhaps the most important ones to think about. Based on your price range, you may want to consider several more:

Bonus: Concrete Creating
Usually a bit costly, but worth the price. Quieter, stronger and stable, an investment condo in Singapore with floors and walls can also make for easier resale.

Reward: Central Air
Central air conditioning and heating is another nice-to-have feature, making the condo more comfortable and easier to hire out.

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

Back to my good friend: His private purchase was a very inadequate deal, as his investment condominium had n one of those features. Located in a rough part of the town, no parking spot, no balcony, no more insuite laundry and on the floor free of elevator can make this a very hard salein a popular market.