Understanding the critical Aspects of Condo in the area of Charan
Access to extra storage space, pools, and fitness centres often become the reason why you want to move into a Condo in the area of Charan [คอน โด ย่าน จ รั ญ, which is the term in Thai]. But with the facilities come various questions and doubts that have to clarify if you want to purchase the condo with a futuristic view. Often, the initial excitement prevents you from thinking and acting logically. But you cannot give in to impulsive purchase decisions, for it can cost you heavily. It is time to know how you can analyze the different aspects of the purchase decision.
The purpose of buying
Do you plan to live in the condo for an indefinite period? Or do you plan to sell it off in a couple of years? Usually, the condos prefer slower than single-family homes. The real estate industry is not doing so well since the pandemic. It will take time for the prices to recover. If you plan to make a quick profit, then buying the condo should not be the ideal option. But if you want an abode for at least five years from now, you can definitely invest in the condos. After five years the prices will definitely recover.
Understanding your property’s span
Condos have always been the favorite of homeowners as they can get access to all the shared spaces with the payment of the monthly fees to the association for the maintenance and upkeep of the shared properties. But there are simpler things that can add to the complications. For example, many condos do not even include balconies or porches with the units. Make sure you read the Unit Deed and also the Master Deed very carefully. Although the porch is right there attached to the unit, you should know whether you own it. If you don’t own the space, you won’t be responsible for its repair work either.