Thailand Condos for Sale or Rent

Deciding to Rent or Purchase a Bangkok Condominium

If you are planning to move to Bangkok for work or to live and now are considering a condominium for your home you will need to plan and make wise decisions. A condominium can be one of the best and safest options due to no flood possibility and better security compared to a home and also the fact that foreigners can legally own a condo in their own name.

The choice comes down to rent or to buy a condo.

Considerations should be:

1. How long do you plan to live in Thailand?
2. Are you here for temporary work or retirement?
3. If you are here for work, is your company furnishing you accommodation?

Most likely if you are only planning to be in Bangkok a year or less, then renting would possibly be the best option due to a smaller cash outlay and ease of moving when you need to leave without the worries of selling your condo later. There are many condominium rental options in the major areas of Bangkok that are listed on the internet and with real estate agents.

However if you plan to be here several years or more then you would be wise to consider the purchase of a Bangkok condo as there will be many options between new and used projects and condos in most areas of Bangkok see good yearly appreciation in value. This can allow you to live in Bangkok virtually rent free and more than likely make a good return from your condo investment. Many condos see appreciation in value of 6% or more annually. If you consider purchasing a condominium then you will need time to research areas and projects. You will need to check how old is the project, fees, how well it is maintained, and history of value to be able to make an informed decision.

So in summary, do your checklist of how long you plan to live in Bangkok Thailand and the area in which you would need or want to live and then make an informed decision as if to rent or buy a condominium. Make sure to choose a condo correctly when purchasing and it can be a wise investment.