Getting An Expenditure Condo? There Is A Guide!

Things to Start Looking for in an Expenditure Condo

A good friend of mine called me a couple months ago, and asked me to offer him a Market Evaluation on his investment condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had completed so'privately', a decision he regretted for several reasons. As we were talking about his expenditure condo, my brain moved over the features any investor needs to really be looking for when purchasing a condominium, going here.

1 ) ) Location, Location, Loc...
You have heard this earlier. The top three most important points in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a condo on your personal use. Does it be easy to spend , or will exactly the location hamper your re-sale initiatives? If you should be going to let out it, may be the condominium located near public transportation routes? Could be your area safe? Many factors enter in to play.

2) Parking
Parking, especially in central places such as Down Town, is always at a premium. If you are fortunate enough to lease out your investment condominium to somebody who doesn't generate their particular vehicle, reselling a flat without its parking area is tougher.

3) Balcony
Using a number of apartment-to-condo conversions underway, it really is easy to forget about that a balcony remains still perhaps probably one of the most important features asked by customers. With out having a spot to sit outside, perhaps read a publication in the air or toss some steak to the'que, owners and renters will really feel trapped in the condominium. Make certain that your investment condominium has a balcony or, if located around the main floor, it even has a patio space, learn more here.

4) In-Suite Laundry
Less important with adult guys, but almost'vital' to female condominium customers and tenants. Having a secure place to do your laundry would be also, at the very least, a'nice to have' feature.

The above mentioned features are perhaps one of the most important ones to contemplate. Depending on your price range, you may want to consider several further:

Bonus: Concrete Building
Usually a bit expensive, but worth the price. Quieter, stronger and stable, an investment condo in Singapore with flooring 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 significantly more comfortable and easier to rent .

Reward: Protected Parking
Especially together with our chilly climate, having indoor or underground parking is still also an often-requested feature, albeit at a cost premium

Back for my buddy: his private purchase was a very bad deal, as his expense decision condo had NONE of those features. Located in a rough part of town, no parking area without a balcony, no more laundry and also on the next floor free of elevator can make this a hard salein a popular market.