Investing In A house with regards to bringing in rental revenue can have slightly various criteria vis-a-vis acquiring the property for own-stay.
Some things worth considering when purchasing a house for rental returns as follows;
LOCATION
The places where will provide consistent rental revenue are clearly in the prime high end areas for instance district 9, 10, 11 but the investments poured into these areas might be too high for most and may be unable draw in “sufficient” rental return (as a result of high capital costs needed).
Several other possible locations to look into are “little enclaves” that are liked by expats.
Look in places that you can find private or international schools, or just which includes a members of companies appointing large numbers of expats. As an illustration, at Woodlands, there is Singapore American School.
In Serangoon area, there exists French and Australian school … you get the idea
… see a map showing location of international schools in singapore
THE VIEW
Apartments with good views will be able to interest tenants a lot easier. Rentals for apartments with higher views can certainly command 10 to 20 per-cent higher rental compared to those without.
TENURE
A leasehold real estate property will command a greater rental yield than freehold property because you eventually pay less when you purchase a leasehold property but has the ability to get much the same rental as the neighbouring freehold condo.
Property owners aren’t bothered whether or not the property is freehold or leasehold. they’re only looking into “how much per month” and “what size TV are you providing me?”
FACILITIES
Pool and security are typically must-haves, just like the newly freehold liv on wilkie. In connection with this, SIZE MATTERS!
Aside from the normal facilities for instance tennis courts and gym, there are some condos that happen to be like mini-towns. for instance, pandan valley has shops and services that doesn’t only support the estate home owners, even most of the neighbouring condos’ inhabitants find the services very useful too.
A condominium this is not too conveniently-located (like for example not being close to an urban area centre or having sundry shops in easy reach) must have such shops throughout the development in any other case residents might be very turned off from by the need for having to travel Twenty or so minutes just to pick a packet of instant noodles.
ACCESSIBILITY
By this, we mean trains and buses (bus and mrt) and as well major roadways.
Yes, Singapore might be a small island and First time tenants generally say “not to fret, you know, where i derive from (as in country), the place so big (hands extend wide), travelling needs a reasonable length of time. Singapore so small, how long can it possibly take?”
A few months later, they return and say … “aiyoh, although Singapore so small, the waiting time for bus very long and thus numerous traffic lights, i drive home from CBD to Punggol takes almost 60 minutes everyday (coz always jam around the CTE!)”.
LAYOUT
Go square.
Don’t believe? Try heading to furniture shops and see the number of circular beds, sofas and television consoles you can find …. squarish layouts are usually more preferred.
The very best will be apartments with square every little thing … square living, square bedroom, square bathroom if got better, you may also consider looking at newly freehold condominiums such as liv on wilkie Singapore.
Main bedroom size is essential also. It ought to be reasonably sizeable because expats (especially Caucasians like big bedrooms) but it surely could be very challenging to get a good size bedroom in brand-new condos these days.
Be aware of layouts which can be more “open-concept” for that public / engaging areas such as living encompassing dining adjoining kitchen. This lets good natural lighting effects into your house and give a far more spacious sensation.
FURNISHINGS & DECOR
Choose white / pale neutral colours. Clean-cut, simple, modern furnishings will be the best option.
If they should go fully-furnished or in part furnished will depend on significantly onto your target number of tenants. Large apartments needs to be offering families and they will have furniture already, so partial’s better for them.
Small apartments normally support singles / couples and they also couldn’t have spent too much on furnitures / appliances so they really want to have the apartments completely furnished to save lots of them the problem ( + plus it is normally the tenant’s wife who will go shopping to decorate the apartment, expat singles do not have the leisure of time).
Renting furnitures have are morepopular and yes itallowsversatilitybecause each new tenant can merelygo and decide onwhat they like and also therental company takes care of the moving and storage so its one less headache for the owners.
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