Buying An Investment Condo? Here Is A Guide!

Things to look for in an Investment Condo

A pal of mine called me a couple of weeks ago, and asked me to offer him a Market Evaluation on his investment decision condo in Singapore. He had purchased a small condo about a year ago, and had completed 'privately', a choice he regretted for several reasons. As we were talking about his expenditure condo, my mind moved over the very best features any investor needs to be on the lookout for when purchasing a condo, website.

1) Location, Location, Loc...
You have heard this earlier. The leading three important issues in real estate are....well, you already know. Its different when purchasing an investment condominium, or a condo for the own personal use. Could it's easy to spend , or does the location hamper your re-sale efforts? When you are planning to rent out it, is the condo located near public transportation channels? Could be your neighborhood safe? Many factors enter in to play.

Two ) Parking
Parking, especially in central places such as Down Town, is always at a top. Even although you are lucky enough to lease out your investment condo reselling a condo without its parking spot is harder.

3) Balcony
Using several apartment-to-condo rate of conversion underway, it is easy to overlook that a balcony is still perhaps probably one of the most important features asked by purchasers. With out having a location to take a seat down outside, perhaps read a publication at the brand new air or toss a few steak to the'que, proprietors and tenants will come to feel trapped of their condominium. Make certain that your expense condominium has a balcony or, if located on the main floor, then it even has a patio space, visit.

4) In-Suite Laundry
Less important with adult males, but almost'vital' to female condo buyers and renters. Having a secure place to get your laundry would be also, at the very least, a'good to have' feature.

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

Bonus: Concrete Creating
Usually a little expensive, but worth the purchase price. Quieter, more solid and stable, an investment condo in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

Reward: Protected Parking
Especially using all our winter climate, having underground or indoor parking is still 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 investment condo had NONE of the features. Located in a rough part of town, no parking spot, no balcony, no more laundry and also on the floor with no elevator will make this a tough sale, even in a popular market.