Getting An Investment Condo? There Is A Guide!

Matters to Start Looking for in an Expenditure Decision Condo

A pal of mine called me a few months ago, and asked me to provide him a Market Evaluation on his expense condo in Singapore. Turns out he had purchased a small condo about a year ago, and had carried out so'privately', a determination he now regretted for several reasons. As we were talking about his expenditure condominium, my thoughts moved over the features any investor needs to be on the lookout for when purchasing a condo, get more info.

1 ) ) Location, Location, Loc...
You've heard that before. The leading three most important factors in real estate are....well, you know. Its different when purchasing an investment condo, or a condo on your own personal use. Could it be easy to spend , or will exactly the location hamper your own re-sale initiatives? If you're likely to let out it, could be the condo located near public transportation routes? May be your neighbourhood safe? Many factors enter in to play.

Two ) Parking
Maneuver, especially at central locations such as Down Town, is always at a top. Even if you are fortunate enough to rent your investment out condo to someone who doesn't push their particular vehicle, reselling a condo without its parking spot is tougher.

3) Balcony
With a number of flat-to-condo conversions underway, it is easy to forget that a balcony remains probably one of the absolute most important features requested by consumers. Without a spot to sit outside, perhaps read a publication at the air or throw some steak onto the'que, proprietors and tenants will feel trapped in their condominium. Make certain that your investment decision condo has a balcony , if located around the main floor, then it even has a patio space, homepage.

4) In-Suite Laundry
Less important with unmarried adult males, but almost'vital' to female condominium buyers and renters. Having a secure place to do your laundry is, at the very least, a'nice to have' feature.

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

Reward: Concrete Building
Usually a little expensive, however, worth the purchase price. Quieter, stronger and stable, an expenditure condominium in Singapore with flooring and walls can also make for easier resalevalue.

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

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

Back to my buddy: His private purchase ended up being a very inadequate deal, as his expenditure decision condo had n one of these features. Located in a demanding part of town, no parking area without a balcony, no laundry and also on the next floor free of elevator can make this a very tough salein a hot market.