Getting An Investment Condo? There Is A Manual!

Matters to Start Looking for in an Expenditure Condo

A friend of mine called me a couple of months ago, and asked me to give him a Market Evaluation on his expense decision condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had done 'privately', a choice he regretted for several reasons. As we were talking about his expense condominium, my head moved over the features any investor should really be looking for when purchasing a condo, discover more.

1 ) ) Location, Location, Loc...
You've heard this earlier. The major three important items in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat for the very own personal use. Will it's easy to resellor can exactly the location hamper your re-sale initiatives? If you're planning to let out it, may be your condo located near public transportation routes? May be your area safe? Many factors enter in to play.

Two ) Parking
Parking, specifically in central locations such as Down Town, is always at a top. Even if you are fortunate enough to lease your investment out condo to somebody who does not drive their own vehicle, reselling a condo without its parking spot is harder.

3) Balcony
Using several flat-to-condo rate of conversion underway, it's easy to forget that a balcony is still one of the most important features requested by consumers. Without a location to take a seat outside, perhaps read a book at the air or throw some steak on the'que, owners and tenants will probably really come to feel trapped inside their condominium. Make certain that your expense decision condo has a balcony , if located on the main floor, then it even has a patio space, click here.

4) In-Suite Laundry
Much more important with unmarried men, but almost'vital' to female condo purchasers and tenants. Having a protected place to get your laundry would be , at least, a'nice to have' feature.

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

Reward: Concrete Constructing
Usually a bit more expensive, however, worth the price. More quiet, stronger and stable, an investment condo in Singapore with concrete floors and walls will also make for easier resale.

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

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

Back for my friend: His private purchase ended up being a very inadequate deal, as his expense condominium had NONE of the features. Located in a rough part of town, no parking spot, no balcony, no laundry and on the next floor free of elevator is likely to make this a challenging saleat a popular market.