Hello World! Welcome Friends! Thailand attracts millions of visitors each year, with the allure of its tropical climate and stunning scenery. The incredible culture and history alongside incredible food experiences draw many into returning, either to retire or to relocate and continue a career. The capital, Bangkok, sees many of the leading business organizations with a presence in the city.
While some arrive and want to put down plans, choosing to rent for a short while, it makes far more sense to buy somewhere permanently. A condo at Park Origin Ratchathewi is a great option for instance. While some might be put off by Thai law, it is perfectly permissible for a foreigner to own a unit in a condo under the Condominium Act, whereas they cannot own land and obtain outright ownership over a land and house. It is important to know the difference. With that in mind, here are 5 great reasons to purchase a condo in Bangkok.
- Once a condo is purchased, there is no further rent to pay. The property can be redecorated and have furnishings added that might not always be permitted under the terms of a lease. It provides security so that if financial issues arise there is equity available to use as a solution. Borrowing for school fees or starting up a business becomes easier, as does finding the funds for urgent medical treatment if required.
- A condo will only increase in value providing a quality investment, especially in a desirable area with plenty of amenities nearby. Whether a property investor, who as a foreigner can own 49% of the units in one building, or deciding to put down a base, buying makes much sense. Not least as it can be rented out when out of town or allowing friends and relatives to use it without the worry of transgressing clauses. Maybe the condo might be transformed with modern lamps.
- There are plenty of competitive and low interest rates available, which makes the long-term investment of buying a condo even more attractive. Sometimes it might even pay to choose one slightly bigger than immediately required so that further sales and buying aren’t required.
- Bangkok is a thriving metropolis which takes some navigating and getting used to. The traffic at times can provide many challenges when trying to get somewhere on time, but purchasing a property near to excellent transport links will make things immeasurably easier. Especially if the location also provides good shopping, eating, and drinking opportunities. Maybe to become accustomed to delicious local food.
- As well as quickly feeling part of the community and knowing how to get around quickly and more easily, there are opportunities to join places as a member while choosing to decorate and furnish a condo to your personal taste. New features can be added, and rooms utilized in a way not always possible when renting.
Purchasing a condo in Bangkok provides security, and a quality investment while being able to feel a true part of the community.
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