Getting An Expense Condo? The Following Is A Guide!

Things to Start Looking for in an Investment Decision Condo

A pal of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had carried out so'privately', a determination he now regretted for several reasons. As we're talking about his expenditure condo, my mind moved over the very best features any investor should be searching for when purchasing a condominium, click this link.

1 ) ) Location, Location, Loc...
You have heard that earlier. The major three most important items in real estate are....well, you will already know. Its no different when purchasing an investment condo, or a flat for the personal use. Will it be easy to resell, or can the location hamper your own re-sale efforts? When you should be planning to let out it, could be the condominium located near public transportation routes? May be your area safe? Many factors come in to play.

Two ) Parking
Parking, specifically at central locations such as Down Town, is always at a premium. Even although you are fortunate enough to hire out your investment condo to somebody who doesn't drive their particular vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
Using several flat-to-condo conversions underway, it really is easy to forget about that a balcony is still one of the most important features asked by buyers. With out a location to take a seat down outside, perhaps read a book in the air or throw some beef onto the'que, owners and renters will probably truly really come to feel trapped in the condo. Make certain that your expense decision condo has a balcony or, if located on the main floor, then it even has a patio space, get more info.

4) In-Suite Laundry
Much more important with single adult males, but almost'vital' to female condominium buyers and renters. Having a protected place to get your laundry would be , at the very 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 Constructing
Usually a bit expensive, but really worth the purchase price. Quieter, stronger and stable, an expenditure decision condo in Singapore with floors and walls will also make for easier resalevalue.

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

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

Back for my buddy: His private purchase ended up being a very poor deal, as his expenditure decision condominium had NONE of these features. Located in a rough part of town, no parking area without a balcony, no laundry and on the 3rd floor free of elevator is likely to make this a difficult salein a hot market.