Are you planning to buy houses for sale in Thailand? You might be worried about the benefits of condos over houses or the other way. The thought of buying a house is not very easy since it can be an investment that will decide many things. So it is important which one to choose depending on your lifestyle. Buying a condo unit can be beneficial if you are looking for a way of living that is affordable and flexible at the same time. Condos have a lot to offer if you are looking for the benefits of enjoying a community life and a great sense of neighborhood at your place. Both of these have many advantages and disadvantages that will further help you to decide. However, it is up to you to decide what type of housing unit you want to buy at the final stage.
Is a condo worth an investment in the future?
If you are planning to buy Bangkok condos, it can be worth your decision due to the following,
- Offer a community life
- Help you to build equity
- less cost when compared to houses
- Ownership of shared assets like floors, sideways
- Save money on maintenance
- Individuals to handle exterior
So these are some of the reasons why a condo can benefit you at present. However, it might not suit everyone’s lifestyle due to the following:
- The amount spent on maintaining the facilities of a condo unit can be greater than the financial benefits that condo has to offer
- The value of a condo unit might not increase over time in comparison to the rise in the value of a single-family house
- Although there are people to manage the maintenance of the exteriors, poor management can decrease the value of your condo unit
- If you do not prefer to keep up with the annoying habits of your neighbors, owning a condo can be an unsuitable option in this regard
- The absence of privacy can be a cause of concern for those who do not like to mingle with their neighbors for a long time
- The extra burden of paying the maintenance fee monthly
If you are a person who pays less attention to all these factors, you can opt for a condo for yourself. Since you can be a part of the community life, if you cannot put up with the noises and the hubbub of people living nearby, it can bring a reason for disturbance, and you might think of looking for a new home! So there might be certain rules that you have to follow if you plan to buy a Bangkok condo.
The final word
After hearing the positives and negatives of owning a condo unit, you might have decided on your home. It depends on your lifestyle and your manners that decide whether a condo unit will suit you. Though it can be affordable, if you are worried about the monthly maintenance fee for availing of the different facilities, it can overburden your expenses. The costs take a rising curve. Making the right move when it comes to owning a property is very important. So it is better to analyze your decision based on budget, whether you want to be a part of the community life and other factors.