7 Reasons Why Buying A Condo Makes A Lot Of Sense

For those of you possibly considering a condominium purchase for the first time or for those of you who haven’t considered yet but really should the following should throw up some food for thought!

1. Lower Entry Price
With studio apartments starting from as small as 30 square metres it stand to reason that their purchase prices are going to be that much less than the cheapest houses. From under one million baht ($US32,000 / £15,500) you are not going to find a cheaper way of owning your own little bit of heaven!

2. Easy Maintenance
Well it’s not just that there is less of it to look after than a comparable house but most of it is done for you! All the communal parts are taken care of by the maintenance staff and in most units they will take care of your own maintenance tasks for you too. This means more time to spend on enjoying your beautiful new home.

3. Better Security
The better security comes from a couple of different areas. Firstly the physical structure of the building means that anyone above ground level has an added security feature straight away. Less points of entry and the ease with which they can be monitored combined with the unavoidable community spirit that a condominium fosters and your new home is starting to take on the mantle of Fort Knox.

4. Better Facilities
Swimming pool, sun terraces, communal gardens, lifts, car parks, tendered gardens, maintenance staff, caretaking or concierge services and the list goes on. Yes there are many private houses that may have some of these luxury items but nearly all condominiums from the most humble upwards, have them all.

5. Easier To Let Out
From a combination of lower prices, more central location and all the reasons listed above, condos are notoriously easier to let than houses. They are also more suitable for the lucrative holiday let market. Combine these advantages with a good letting agent, often available from the condo management itself, and it turns a great home into a great investment.

6. Easier To Own
With the current legislation regarding property ownership in Thailand, it is still permissible for non-Thais to legally own a condominium. Yes there are conditions attached but it is the only piece of real estate that any of us Farang are ever likely to own in our own name.

7. More Flexibility

Probably as a result of the six reasons detailed above but condo ownership offers the most flexibility in terms of how you can use your new home.

The lower prices mean that you either have more capital left to invest or the option to buy more than one apartment both of which result in more income.

Easy maintenance leaves you with more time and more choices on how to enjoy your increased leisure time.

Better security means that it is easier for you to pack up and take off whenever you want without worrying about is your home going to be safe.

Better facilities gives you more options as to how you enjoy your new home. Do you stay in and use the pool or gym or go out to the beach. Choices you wouldn’t have without the better facilities.

Being easier to let out means that you have more choices; a realistic option to boost retirement income by purchasing that extra unit; the option to spend more time back with family at home and offset the cost by letting your apartment out whilst you are away.

Being easier to own in your name gives you more choices and freedom than having to wrap that ownership up in a limited company or register the ownership in someone else’s name.

So, in summary, seven great reasons that make the decision to buy a condo look like a great move. If you want to delve a little deeper then don’t hesitate to call us for more information.

Article Source: http://www.realestatepropertyarticles.com.

About the Author:
Mitch Malone is Managing Director and founder of the First Choice Group of companies with offices in Pattaya and Hua Hin in Thailand. An ex-pat for over 20 years feel free to refer to his company’s website for a wealth of information on Living In Thailand. To seek further detailed advice from Mitch or his team please contact by email mm@1st-choice-homes.com or call on: (+66) 086-809-4930.