Purchasing An Investment Condo? The Following Is A Manual!

Matters to look for in an Investment Condo

A good buddy of mine called me a few months ago, and asked me to offer him a Market Evaluation on his expenditure condominium in Singapore. Turns out he had purchased a small condominium about a year ago, and had carried out so'privately', a choice he regretted for several reasons. As we're talking about his expense condo, my mind went over the top features any investor should be on the lookout for when purchasing a condo, learn more here.

1) Location, Location, Loc...
You've heard this before. The top three most important issues in real estate are....well, you will know. Its different when purchasing an investment condo, or a flat for your personal use. Does it's easy to resell, or will the location hamper your re-sale efforts? When you are likely to let out it, is your condominium located near public transportation channels? May be your neighborhood safe? Many factors enter into play.

Two ) Parking
Maneuver, specifically at central locations such as Down Town, is always at a top. If you are fortunate enough to hire out your investment condo to somebody who doesn't drive their particular vehicle, reselling a condo without its parking spot is more difficult.

3) Balcony
With a number of apartment-to-condo conversions underway, it really is easy to overlook that a balcony remains perhaps probably one of the most important features requested by consumers. With out having a location to take a seat down perhaps read a book at the brand new air or throw a few steak onto the'que, owners and tenants will truly feel trapped in your own condo. Make sure your investment condo has a balcony or, if located around the main floor, it even has a patio space, go here.

4) In-Suite Laundry
Much more important with unmarried males, but almost'vital' to female condominium customers and tenants. Having a safe place to get your laundry would be also, at the very least, a'good to have' feature.

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

Bonus: Concrete Building
Usually a little more costly, however, worth the price. Quieter, more solid and stable, an expenditure condo in Singapore with concrete 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 rent out.

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

Back for my buddy: his private purchase was a exact inadequate deal, as his investment condo had NONE of the features. Located in a rough part of the town, no parking spot, no balcony, no more laundry and also on the floor free of elevator can make this a hard salein a popular market.