There are many things you have to consider before you make any purchase such as a car or phone. However, buying property especially a condominium in a city like Bangkok requires a lot more thought because there’s so many factors you have to consider. It’s a major decision that will affect you for years. Some of the most important things to consider include:
- Investment or staying yourself:
If you are looking to invest in a condo in Bangkok then you obviously will want to buy a condo that is under market value at the moment and has the best potential to rent out and increase in value in the future. However, if you want to live at the condo yourself then you will need to find a place that you are comfortable staying at.
Are you looking for a place by the Airport link station, BTS station or MRT station? Condos around these 3 public transportation systems are more costly to purchase but are also more likely to increase in value in the future, they are also easier to rent out because more people want to stay around these convenient condos.
Do some research on the different condo developers in Bangkok and find out which one you trust and like. Some of the top developers include Sansiri, Noble, SC Asset, Fragrant Group, Ananda, Major and Land House.
Are you a gym fanatic? Do you often go swimming? Need a quiet place to study and do work? If so you should find a place that offers great amenities if not then you can focus your attention on other parts of building and condo.
Finding out your budget and whether you should purchase a unit right away or wait is imperative. Yes it may be annoying paying rent and paying off someone else’s mortgage but it’s important to plan and make a purchase only when you are ready and that fits into your budget.
If you are looking for any additional advice in finding a condo in Bangkok please feel free to send us an email or give us a call at 095 774 2820.