It’s always a good time to invest in real estate. Especially when it’s a bustling city like Bangkok Thailand. The city has many interesting investment options and you could be spoiled for choice. If you are a Thai citizen, then this is a goldmine of opportunities. The nation, however, has a strict policy about selling to foreigners. According to the law in Thailand, a foreigner is not allowed to own land. But they can own a condo, considering that 50% of the building is sold to locals. And when it comes to owning a condo in Bangkok, Many Sukhumvit Condos are the top choice for buyers. Here are a few things you should keep in mind when you think about getting one.
1. Costs Vary
When you think of getting a condo, they all can be of different costs even if they are in the same building. They depend on the size, the view, the demand for the place and more. Many individuals also wish to buy an older or used condo. These might be a better investment if you are looking for a small price reduction.
2. The Builder Factor
There are novelty brands in all industries. This means, some condos will cost you more and some might be able to give you a better list of amenities even though they cost lesser. Each builder makes their property unique and gives it a different set of amenities. Thus, it’s important to know that a renowned developer might cost you more.
Keep in mind that the public transport network in Bangkok is the spine of the commute. Thus owning a property close to a BTS or an MRT station will give you a huge advantage. Unless you decide to invest in a central area like the Sukhumvit condos collections, you might want to keep connectivity in mind. Also, close proximity to a station will give you a higher resale price in the future.
4. Ensure continued maintenance
When you invest in a condo, make sure to check up on the future management aspects of the property. Many building owners ignore this and leaving them in the slump after a purchase. As buildings might undergo wear-and-tear, aging, fading, etc. You might want to keep these interests protected to make sure there is always a good valuation for your property.