Buying An Expenditure Condo? There Is A Information!

Things to look for in an Investment Condo

A buddy of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expenditure decision condo in Singapore. Turns out he had purchased a small condo about a year ago, and had done so'privately', a determination he regretted for several reasons. As we were talking about his investment condo, my brain moved over the top features any investor should really be searching for when purchasing a condo, more info.

1) Location, Location, Loc...
You have heard that before. The leading three most important factors in real estate are....well, you already know. Its no different when purchasing an investment condo, or a condo on the personal use. Does it's easy to resellor can the location hamper your re-sale efforts? If you are likely to rent it out, may be the condo located near public transportation channels? Is your area safe? Many factors enter in to play.

Two ) Parking
Parking, especially in central locations such as Down Town, is always at a premium. Although you are fortunate enough to lease out your investment condo reselling a flat without its parking area is harder.

3) Balcony
Using several apartment-to-condo conversions underway, it's easy to forget about that a balcony remains still probably one of the most important features requested by buyers. With out having a spot to sit down perhaps read a publication in the fresh air or throw a few beef to the'que, owners and tenants will probably come to feel trapped of the condo. Make sure your expense decision condominium has a balcony or, if located around the main floor, then it even has a patio space, web site.

4) In-Suite Laundry
Less important with single adult males, but almost'vital' to female condo customers and tenants. Having a safe place to get your laundry isalso, at the very least, a'nice to have' feature.

The above 4 features are perhaps the most important types. Depending upon Your price range, you may want to consider several further:

Reward: Concrete Constructing
Usually a bit more costly, however, well worth the price. More quiet, stronger and stable, an investment condo in Singapore with concrete flooring and walls can also make for easier resalevalue.

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

Reward: Safe Parking
Especially using our chilly climate, having indoor or underground parking is still also an often-requested feature, albeit at a cost premium

Back to my pal: His private purchase was a exact poor deal, as his expense condominium had NONE of the features. Located in a demanding part of town, no parking spot, no balcony, no laundry and also on the floor free of elevator is likely to make this a difficult sale, even in a hot market.