Know If Condo Living is Suitable for You
You would meet all sorts of people at condos; from first-time buyers seeking to get themselves into the market, investors, and amateur boomers who wish to downsize their responsibilities. Condos can either be duplexes or triplexes, townhouses and low-rise buildings, freestanding houses, and mixed-use buildings.
How Are Condos Different?
The only that makes condos different from freehold houses is that unlike the latter, you get to own it and also share the ownership of the common region, building, and land. In a condo, you share the costs with the fellow members. And it is the property management and the board of directors, who are responsible for decision-making.
Why Condo Living is Best for You?
Someone Deals with the Outside Work on Your Behalf
One of the biggest benefits of owning condos is the freedom from upkeep you might manage time, energy, or capability to deal with, like snow shoveling, lawn mowing, and exterior structure repairing. All these services are covered by the monthly condo costs.
Major Costs are Shared
According to law, a part of the condo fees goes straight to the reserve fund. When the property is well-managed, this reserve fund covers all the important repairs like window replacement and roofing sans any extra costs to the owners. Even when there is a shortage in the reserve fund, you are not alone in it, a special assessment will be performed and sharing of costs will be done among the owner.
If you think of living on one floor or in a 1-2-bedroom home, the condos shall let you own your space instead of renting, Common spaces like the recreation rooms and pools, dole our scope of socializing with the neighbors. Several condo developments serve particular groups, like older adults, families, and young professionals.
Some condos provide benefits you wouldn’t see in the condo, like a party room, swimming pool, gym, and theatre room.
Unlike renting, you can paint the walls of the condo, renovate it as per your desire and install pictures.
Based on where you reside, condos in Chatuchak are cheaper than owning a freehold house, and a mortgage plus condo charge might equal a renting charge.
If you are dreaming of a major spot in an important city, like Chatuchak, then condos Chatuchak (คอนโด จ รั ญ, which is the term in Thai) is the only option for you, what you might be losing in high condo charge and space, you would gain with easy work accessibility, public transportation, activities, and dining.
These are some of the basic benefits of staying at condos. Condos are perfect for you if you were looking for these criteria.