Shopping For An Investment Condo? The Following Is A Manual!

Things to Start Looking for in an Expenditure Decision Condo

A friend of mine called me a couple weeks ago, and asked me to offer him a Market Evaluation on his expense decision condominium in Singapore. He had purchased a small condo about a year ago, and had completed so'privately', a choice he regretted for several reasons. As we're talking about his expenditure condo, my thoughts went over the features any investor needs to really be looking for when purchasing a condo, learn more.

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

Two ) Parking
Maneuver, specifically in central places such as downtown, is always at a premium. Even if you are lucky enough to rent out your investment condo to somebody who does not generate their own vehicle, reselling a flat without its parking spot is tougher.

3) Balcony
With several apartment-to-condo conversions underway, it really is easy to forget that a balcony is still one of the absolute most important features requested by customers. With out having a spot to sit outside, perhaps read a publication at the air or toss a few beef onto the'que, proprietors and renters will really feel trapped inside their condo. Make sure your investment condominium has a balcony or, if located around the main floor, then it has a patio space, visit this link.

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

The above mentioned features are perhaps one of the most important types to take into account. Depending on your price range, you may want to consider several further:

Reward: Concrete Making
Usually a little more costly, however, worth the purchase price. More quiet, more solid and stable, an investment decision condominium in Singapore with concrete flooring and walls will also make for easier resalevalue.

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

Bonus: Secure Parking
Especially together with all our winter climate, having indoor or underground parking is still an often-requested feature, albeit at a cost premium

Back to my buddy: His private purchase was a very poor deal, as his investment condominium had n one of those features. Located in a rough part of the town, no parking area without a balcony, no more insuite laundry and on the floor with no elevator can make this a very hard sale, even in a popular market.