Buying An Expenditure Condo? There Is A Information!

Matters to look for in an Investment Condo

A buddy of mine called me a few weeks ago, and asked me to provide him a Market Evaluation on his investment condo in Singapore. Turns out he had purchased a small condo about a year ago, and had completed'privately', a choice he now regretted for several reasons. As we were talking about his expenditure condo, my mind went over the very best features any investor should be searching for when purchasing a condominium, homepage.

1) Location, Location, Loc...
You have heard this before. The leading three important points in real estate are....well, you know. Its different when purchasing an investment condo, or a condo for your own personal use. Can it be easy to resell, or does the location hamper your own re-sale initiatives? When you're going to let it out, may be the condominium located near public transportation routes? May be your area safe? Many factors come into play.

2) Parking
Parking, specifically in central places such as downtown, is always at a top. If you are fortunate enough to hire out your investment condo to somebody who doesn't generate their own vehicle, reselling a condo without its own parking area is harder.

3) Balcony
Using a number of flat-to-condo rate of conversion underway, it really is easy to forget that a balcony remains perhaps probably one of the most important features asked by customers. With no a location to take a seat outside, perhaps read a book in the brand new air or toss a few steak onto the'que, owners and tenants will probably feel trapped of their condo. Make sure your expenditure condo has a balcony , if located around the main floor, it has a patio space, click this link.

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

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

Bonus: Concrete Constructing
Usually a bit more expensive, however, really worth the price. More quiet, stronger and stable, an expenditure condominium in Singapore with flooring and walls will also make for easier resalevalue.

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

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

Back to my pal: His private purchase ended up being a very inadequate deal, as his expenditure decision condo had NONE of these features. Located in a demanding part of town, no parking area without a balcony, no insuite laundry and on the next floor with no elevator is likely to make this a very challenging salein a hot market.