Buying An Expense Condo? There Is A Guide!

Matters to look for in an Investment Decision Condo

A good friend of mine called me a couple of weeks ago, and asked me to give him a Market Evaluation on his expense condominium in Singapore. He had purchased a small condominium about a year ago, and had completed'privately', a determination he now regretted for several reasons. As we're talking about his expenditure condominium, my mind moved over the top features any investor should really be searching for when purchasing a condominium, view source.

1) Location, Location, Loc...
You've heard this earlier. The best three important ideas in real estate are....well, you already know. Its different when purchasing an investment condo, or a flat for the very own personal use. Could it be easy to resell, or will the location hamper your own re-sale initiatives? When you should be going to rent it out, may be the condominium located near public transportation channels? May be your neighbourhood safe? Many factors come in to play.

2) Parking
Maneuver, specifically at central locations such as downtown, is always at a top. Even although you are lucky enough to lease your investment out condo to someone who doesn't generate their particular vehicle, reselling a flat without its parking area is harder.

3) Balcony
With a number of apartment-to-condo rate of conversion underway, it really is easy to overlook that a balcony remains perhaps one of the absolute most important features requested by buyers. Without a spot to take a seat outside, perhaps read a novel at the brand new air or toss a few steak to the'que, proprietors and renters will probably really come to feel trapped of your own condo. Make certain that your expense condominium has a balcony , if located on the main floor, then it has a patio space, click here.

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

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

Reward: Concrete Constructing
Usually a bit expensive, but really worth the price. Quieter, more solid and stable, an expenditure decision condominium in Singapore with 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 out.

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

Back to my good friend: His private purchase ended up being a very poor deal, as his investment condominium had n one of those features. Located in a rough part of the town, no parking area without a balcony, no more insuite laundry and on the floor free of elevator can make this a exact difficult saleat a hot market.