Purchasing An Expense Condo? The Following Is A Manual!

Matters to look for in an Investment Condo

A buddy of mine called me a couple months ago, and asked me to provide him a Market Evaluation on his expense decision condo in Singapore. He had purchased a small condominium about a year ago, and had accomplished'privately', a decision he regretted for several reasons. As we were talking about his expenditure condo, my thoughts went over the top features any investor needs to be on the lookout for when purchasing a condominium, read this.

1 ) ) Location, Location, Loc...
You've heard that earlier. The leading three important factors in real estate are....well, you will already know. Its different when purchasing an investment condominium, or a flat for the very own personal use. Will it be easy to spend or does exactly the location hamper your re-sale efforts? If you are planning to let out it, could be your condominium located near public transportation routes? May be the area safe? Many factors enter in to play.

2) Parking
Parking, especially in 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 spot is tougher.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it's easy to forget that a balcony remains still one of the absolute most important features requested by potential buyers. Devoid of a location to sit outside, perhaps read a novel at the air or toss a few beef to the'que, proprietors and renters will feel trapped in their condo. Make sure your investment condo has a balcony or, if located around the main floor, then it even has a patio space, going here.

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

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

Reward: Concrete Making
Usually a little more expensive, however, really worth the price. Quieter, more solid and stable, an expenditure decision 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 more comfortable and easier to hire out.

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

Back for my pal: his private purchase ended up being a very poor deal, as his expense decision condo had n one of the features. Located in a demanding part of town, no parking area without a balcony, no laundry and on the floor with no elevator will make this a exact tough salein a popular market.