Purchasing An Expense Condo? Here Is A Information!

Things to look for in an Expenditure Condo

A pal of mine called me a couple months ago, and asked me to give him a Market Evaluation on his investment condominium in Singapore. He had purchased a small condo about a year ago, and had carried out 'privately', a choice he regretted for several reasons. As we're talking about his expense condominium, my brain went over the top features any investor needs to be looking for when purchasing a condo, more info.

1) Location, Location, Loc...
You have heard this earlier. The major three most important points in real estate are....well, you know. Its different when purchasing an investment condominium, or a flat for the very own personal use. Might it be easy to spend or can the location hamper your re-sale attempts? If you should be going to let it out, could be your condo located near public transportation routes? May be your neighbourhood safe? Many factors come in to play.

Two ) Parking
Parking, specifically at central locations such as downtown, is always at a top. Although you are lucky enough to rent your investment out condominium reselling a condo without its parking spot is tougher.

3) Balcony
With a number of flat-to-condo conversions underway, it's easy to overlook that a balcony remains still one of the absolute most important features asked by purchasers. With out having a spot to sit outside, perhaps read a novel in the brand new air or toss some beef on the'que, owners and renters will probably come to feel trapped of their condominium. Make certain that your expense condominium has a balcony , if located around the main floor, then it even has a patio space, learn more here.

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

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

Bonus: Concrete Building
Usually a little more costly, but worth the purchase price. More quiet, stronger and stable, an expenditure decision condominium in Singapore with flooring and walls can also make for easier resale.

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

Bonus: Safe Parking
Especially using our winter climate, having indoor or subterranean parking is still an often-requested feature, albeit at a price premium

Back to my buddy: his private purchase ended up being a very poor deal, as his investment condo had n one of the features. Located in a rough part of town, no parking spotwithout a balcony, no more insuite laundry and also on the floor with no elevator will make this a exact tough salein a hot market.