Getting An Expense Condo? Here Is A Manual!

Things to Start Looking for in an Investment Condo

A good buddy of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his expense decision condominium in Singapore. He had purchased a small condominium about a year ago, and had accomplished 'privately', a determination he regretted for several reasons. As we're talking about his expense condominium, my thoughts went over the features any investor should be looking for when purchasing a condo, homepage.

1 ) ) Location, Location, Loc...
You've heard this earlier. The best three most important ideas in real estate are....well, you know. Its different when purchasing an investment condo, or a condo for the personal use. Can it's easy to spend , or does the location hamper your re-sale initiatives? If you're likely to let out it, is your condominium located near public transportation routes? Could be the neighborhood safe? Many factors come into play.

2) Parking
Parking, specifically at central places such as downtown, is always at a top. If you are fortunate enough to hire your investment out condominium reselling a flat without its parking area is more difficult.

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it's easy to forget that a balcony remains still perhaps one of the most important features asked by purchasers. Without having a location to take a seat perhaps read a novel in the air or throw some steak on the'que, owners and tenants will probably really feel trapped inside the condominium. Make sure your investment condominium has a balcony or, if located on the main floor, it even has a patio space, website.

4) In-Suite Laundry
Much more important with adult males, but almost'vital' to female condominium customers and renters. Having a safe place to get your laundry would be also, at least, a'nice to have' feature.

The above 4 features are perhaps one of the most important ones. Depending upon Your price range, you may want to consider several more:

Bonus: Concrete Developing
Usually a little more costly, but worth the purchase price. Quieter, more solid and stable, an investment decision condo in Singapore with concrete 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 condominium significantly more comfortable and easier to rent out.

Reward: 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 ended up being a exact bad deal, as his expense condo had n one of the features. Located in a rough part of the town, no parking spot, no balcony, no more laundry and also on the 3rd floor with no elevator will make this a tough sale, even in a hot market.