Getting a Financial Investment Condo? Here Is a Guide!

Points to seek in a Financial investment Condo

A close friend of mine called me a few weeks ago, and asked me to give him a Market Evaluation on his investment condo. Turns out he had purchased a small condo about a year ago, and had done so 'privately', a choice he now regretted for several factors. As we were speaking about his financial investment condo, my mind looked at the leading attributes any kind of capitalist need to be trying to find when buying a condo.

The top three most essential things in actual estate are ... well, you recognize. Its no various when buying an investment condo, or a condo for your own personal use. If you're going to lease it out, is the condo situated near public transport paths?

2) Car parking
Car parking, especially in central areas such as midtown, is constantly at a premium. Even if you are fortunate sufficient to lease your investment condo to someone that does not drive their very own automobile, re-selling a condo without its own parking spot is harder.

3) Balcony
With numerous apartment-to-condo conversions underway, it's simple to fail to remember that a balcony is still one of the most vital attributes asked for by purchasers. Without a spot to sit outdoors, maybe check out a book in the fresh air or throw some beef on the 'que, proprietors and also tenants will certainly feel trapped inside their condo. Make sure your investment condo has a balcony or, if situated on the primary floor, it has a patio room.

4) In-Suite Washing
Less important with single men, yet nearly 'important' to female condo purchasers as well as renters. Having a secure area to do your very own laundry is, at the very least, a 'wonderful to have' function.

The above 4 functions are possibly the most essential ones to consider. Depending on your rate variety, you may intend to take into consideration a number of much more:

Bonus: Concrete Structure
Normally a little more pricey, however well worth the price. Quieter, extra secure as well as solid, a financial investment condo with concrete floorings as well as walls will certainly likewise make for less complicated resale.

Bonus Offer: Central Air
Central air conditioning and also home heating is another nice-to-have attribute, making the condo a lot more comfortable and also much easier to rent out.

Bonus: Secure Car Park
Particularly with our wintertime environment, having underground or indoor vehicle parking is an often-requested feature, albeit at a cost premium

Back to my friend: His exclusive acquisition ended up being a really bad deal, as his financial investment condo had NONE of these functions. Located in a harsh part of town, no parking place, no balcony, no insuite laundry and also on the third floor without elevator will certainly make this an extremely tough sale, also in a hot market.

Moral of the tale: If you're going to spend some serious money into realty, call a REALTOR ® PRIOR TO you plunk down the cash. I would certainly much instead assist you in the right instructions, than Martin Modern Singapore try to help remedy a mistake currently made.


A pal of mine called me a few weeks earlier, and asked me to offer him a Market Assessment on his investment condo. As we were chatting about his financial investment condo, my mind went over the top features any kind of capitalist need to be looking for when buying a condominium.

Its no various when purchasing a financial investment condo, or a condo for your own personal use. Without a place to sit outside, maybe read a publication in the fresh air or throw some beef on the 'que, tenants and also owners will certainly feel trapped inside their condo. Make sure your financial investment condo has a balcony or, if located on the primary floor, it has an outdoor patio space.