Purchasing An Expense Condo? Here Is A Information!

Things to Start Looking for in an Investment Condo

A buddy of mine called me a couple months ago, and asked me to give him a Market Evaluation on his expense condominium in Singapore. Turns out he had purchased a small condo about a year ago, and had performed 'privately', a choice he regretted for several reasons. As we're talking about his investment condo, my thoughts went over the features any investor should be searching for when purchasing a condominium, click here.

1 ) ) Location, Location, Loc...
You've 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 flat for your personal use. Could it's easy to resell, or will exactly the location hamper your re-sale efforts? If you're going to rent out it, could be your condominium located near public transportation routes? Is your area safe? Many factors enter into play.

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

3) Balcony
Using a number of apartment-to-condo rate of conversion underway, it really is easy to overlook that a balcony remains perhaps probably one of the most important features requested by purchasers. Without having a location to take a seat perhaps read a book in the brand new air or throw some steak onto the'que, owners and tenants will probably come to feel trapped inside their condominium. Make sure your expense decision condominium has a balcony or, if located around the main floor, then it has a patio space, view source.

4) In-Suite Laundry
Much more important with adult guys, but almost'vital' to female condo customers and renters. Having a protected place to do your own laundry would be , at least, a'nice to have' feature.

The above mentioned features are perhaps the most important types 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 price. More quiet, stronger and stable, an investment condominium in Singapore with 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 lease out.

Reward: Protected Parking
Especially with all 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 ended up being a exact bad deal, as his investment condo had NONE of those features. Located in a rough part of town, no parking spotwithout a balcony, no more laundry and also on the floor with no elevator will make this a exact hard salein a hot market.