Purchasing An Expense Condo? There Is A Guide!

Matters to look for in an Investment Condo

A buddy of mine called me a few months ago, and asked me to provide him a Market Evaluation on his investment decision condominium in Singapore. He had purchased a small condo about a year ago, and had accomplished'privately', a decision he regretted for several reasons. As we're talking about his investment condominium, my thoughts moved over the features any investor needs to be looking for when purchasing a condo, visit website.

1 ) ) Location, Location, Loc...
You have heard that before. The top three most important ideas in real estate are....well, you already know. Its different when purchasing an investment condominium, or a flat for your own personal use. Might it be easy to spend or does exactly the location hamper your own re-sale efforts? If you are going to let out it, may be the condominium located near public transportation channels? Is your area safe? Many factors come in to play.

Two ) Parking
Maneuver, especially at central locations such as Down Town, is always at a premium. Even although you are lucky enough to hire your investment out condominium reselling a flat without its parking area is tougher.

3) Balcony
With a number of flat-to-condo rate of conversion underway, it is easy to overlook that a balcony remains perhaps probably one of the absolute most important features asked by consumers. Without a location to take a seat down perhaps read a novel at the air or throw some steak onto the'que, proprietors and renters will feel trapped in the condominium. Make sure your expense condo has a balcony or, if located on the main floor, then it has a patio space, visit website.

4) In-Suite Laundry
Less important with single males, but almost'vital' to female condo buyers and tenants. Having a secure place to get your laundry is, at least, a'nice to have' feature.

The above mentioned features are perhaps the most important ones to think about. Based upon Your price range, you may want to consider several further:

Reward: Concrete Building
Usually a bit costly, but worth the purchase price. More quiet, stronger and stable, an expenditure decision condominium in Singapore with concrete floors and walls will also make for easier resale.

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

Reward: Secure Parking
Especially together with our chilly climate, having indoor or subterranean parking is also an often-requested feature, albeit at a price premium

Back to my buddy: His private purchase was a very inadequate deal, as his expense condominium had n one of the features. Located in a demanding part of the town, no parking spot, no balcony, no more insuite laundry and on the floor with no elevator can make this a exact difficult salein a popular market.