Buying An Expense Condo? There Is A Information!

Things to look for in an Investment Condo

A pal of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expenditure condominium in Singapore. He had purchased a small condo about a year ago, and had done'privately', a decision he regretted for several reasons. As we were talking about his investment condominium, my mind moved over the top features any investor should be on the lookout for when purchasing a condo, click here.

1 ) ) Location, Location, Loc...
You have heard this before. The leading three important points in real estate are....well, you will already know. Its different when purchasing an investment condo, or a flat for your personal use. Does it be easy to resellor can exactly the location hamper your re-sale efforts? If you should be going to let it out, may be the condominium located near public transportation channels? May be the neighbourhood safe? Many factors enter in to play.

2) Parking
Parking, specifically in central places such as downtown, is always at a premium. If you are lucky enough to hire out your investment condominium to someone who does not push their particular vehicle, reselling a condo without its parking area is tougher.

3) Balcony
With a number of apartment-to-condo conversions underway, it's easy to forget about that a balcony is still one of the most important features requested by potential buyers. With out having a location to sit down perhaps read a book in the air or toss a few steak onto the'que, proprietors and tenants will probably really feel trapped in their condo. Make certain that your investment condo has a balcony , if located around the main floor, then it even has a patio space, read more here.

4) In-Suite Laundry
Less important with single adult guys, but almost'vital' to female condominium purchasers and renters. Having a protected place to do your laundry would be , at least, a'good to have' feature.

The above mentioned features are perhaps the most important types to contemplate. Based on your price range, you may want to consider several more:

Reward: Concrete Making
Usually a bit costly, but worth the price. Quieter, stronger and stable, an investment decision condo in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back to my buddy: his private purchase was a exact poor deal, as his investment condo had n one of these features. Located in a rough part of town, no parking spotwithout a balcony, no more laundry and on the next floor free of elevator will make this a very challenging salein a popular market.