If this is your first venture into the property market, then you should know that many people are now opting to go for condominiums rather than full-sized family homes. There are many options out there currently available to you but for city living, this one comes to the top of the list every single time. You not only have to think about this as your home but also as an investment opportunity that will grow over the years to provide you with a significant nest egg when your retirement years come around.
You might be thinking of buying a property as an investment so that you can rent it out to people, and this is an excellent idea indeed. You could start with the Life Rama 4-Asoke and these are exclusive condominiums that you will have no problem renting out all year round for a long period of time. This provides you with additional income going into your bank every single month and you can use some of it to pay off the mortgage and the rest to enjoy a vacation or three.
If you are still a little bit on the fence then the following are some of the top benefits of investing in a condo here in Bangkok this year and every year.
- It’s certainly cheaper – This is definitely going to be a more affordable option than buying a full-sized house. In many cases, it is much cheaper than houses in Europe, the United Kingdom and America for example. The fact that it is cheaper means that you only have to ask your lender for a smaller mortgage which means smaller monthly payments. Your lending institution will also want you to put down a 10 or 20% deposit and so it should be easier to come up with this than a much larger deposit for a more expensive building.
- There are so many amenities – If you want to build a swimming pool on the ground that surrounds your house then it will cost you a considerable amount of money. Investing in a condominium on the other hand allows you to enjoy the swimming pool that is there and all of the maintenance is taken care of for you. You can also enjoy a gymnasium and many other amenities that are not mentioned here.
- It is an excellent investment – The wonderful thing about having a condominium in Thailand is that it is available to sell to the local Thai people and to foreigners as well. This means that you have a much bigger market to reach out to when the time comes to sell up and move on. You will find that your property will increase in value over the coming years and that is smart business indeed.
Hopefully, these three reasons have given you the reassurance that you need to start asking more questions about living the condominium life. Life should be easy, and everything should be there right there where and when you need it.
