While there are certainly many benefits to renting a condo in Bangkok – specifically the freedom to move around as you please – there’s something to be said about investing in a property of your own. In this article, we’re going to look at whether or not it is worth buying a condo in Bangkok, even if you are only planning on living there for a short period of time. Let’s take a closer look…
The freedom of renting
Renting is the preferred method for many people and with good reason; because it allows you the freedom to move around as you please without being bogged down with too much responsibility.
Not only that, but renting a condo will often enable you to live in a more up-market neighbourhood that you may otherwise not be able to afford to live in if you were looking at buying a condo.
That said, is buying a condo that restrictive?
What are the advantages of buying a condo in Bangkok?
If you’re worried about being bogged down by too much responsibility, rest assured that owning your own condo in Bangkok is actually rather straight forward.
For example, in a reputable development with quality management, you can entrust the care and upkeep of your condo to the professionals while you are out of the country. In other words, for a small maintenance fee, you can have the condominium management rent out the condo in your absence, and keep it clean in-between tenants.
That way, you can keep earning from your investment even when you aren’t there!
The other advantages include:
- Great investment opportunities: While the Bangkok property market has gone through many fluctuations over the years, it always bounces back. Now (in the wake of the COVID-19 pandemic and the country reopening) is a particularly good time to buy.
- Future retirement plans: You can buy a condo now – something that you would love to call your home – and then rent it out as a holiday home to make money on it in the meantime. Then, when you are ready to relocate permanently, you can live in Bangkok in your very own condo.
- Many high-quality residential projects: There’s a lot of stiff competition in the property market in Bangkok, driving developers to up their game and deliver a superior standard of living. Check out some of the condos for sale at Supalai Elite and see what we mean!
- It’s yours whenever you want it: While you may not be living in Bangkok for the long-term, it will be nice knowing that you have a holiday home to enjoy whenever the occasion takes your fancy.