Getting An Expense Condo? Here Is A Guide!

Matters to look for in an Expenditure Condo

A good buddy of mine called me a couple weeks ago, and asked me to provide him a Market Evaluation on his expenditure condo in Singapore. Turns out he had purchased a small condominium about a year ago, and had done 'privately', a decision he regretted for several reasons. As we're talking about his investment condo, my thoughts went over the very best features any investor should really be searching for when purchasing a condo, more info.

1) Location, Location, Loc...
You've heard this before. The best three most important points in real estate are....well, you know. Its different when purchasing an investment condo, or a condo on your personal use. Might it be easy to resell, or does the location hamper your own re-sale efforts? If you are planning to rent out it, may be the condominium located near public transportation routes? May be the area safe? Many factors come into play.

2) Parking
Parking, especially in central locations such as downtown, is always at a top. Even although you are fortunate enough to rent out your investment condo to somebody who doesn't generate their own vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it is easy to forget that a balcony remains still one of the most important features asked by consumers. Without a location to take a seat perhaps read a publication at the air or toss a few steak on the'que, owners and tenants will come to feel trapped of their condominium. Make sure your expenditure decision condo has a balcony , if located on the main floor, it has a patio space, website.

4) In-Suite Laundry
Less important with single men, but almost'vital' to female condominium purchasers and renters. Having a protected place to do your own laundry would be , at least, a'nice to have' feature.

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

Bonus: Concrete Building
Usually a bit costly, but worth the purchase price. More quiet, more solid and stable, an expenditure condo in Singapore with concrete floors and walls will also make for easier resalevalue.

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

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

Back for my close good friend: His private purchase ended up being a exact inadequate deal, as his investment condominium had n one of the features. Located in a demanding part of the town, no parking spot, no balcony, no laundry and on the next floor free of elevator can make this a very difficult salein a hot market.