Condominiums & Why Many More People In Bangkok Are Choosing Them In 2024

If it is time for a change and you currently live in a house, but you would like to try a different way of living then you are like many thousands of people all across the Bangkok area. This may prove to be one of the best decisions that you will make in this life because condo living offers many advantages that family residences do not. If you have grown tired of the regular maintenance that has to take place when you own a single or two-story family property then you’re not alone.

Thankfully you can always turn to The Livin Phetkasem for your condo needs and you’re moving into a building like no other. Living in a condominium is the perfect slice of life that everyone should be aiming for and it just makes life easier for all who live there. If you are somewhat caught up with not knowing to choose a two-storey property or a condominium, the following are some of the many reasons why Bangkok people and people from cities all over the world are choosing them.

Why Bangkok People Prefer Condominiums

1. It reduces your utility costs – It is normal for condominiums to be somewhat smaller than a full-sized house and so this means that your air conditioner doesn’t have to work as hard to cool everything down. The same applies in the colder months when it gets down to single-digit degrees and because you have neighbours all around you at any one time, these same units are offering you insulation as well. Electricity and water are obviously metered and you pay an agreed rate for both, which might be slightly higher than the regular rate.
2. Doing your bit for the environment – If you want to reduce your carbon footprint then living in a condominium is one way to do that very thing. The smaller the building that you live in, the less space that you are taking up and the greener your residence is at the end of the day. It is unacceptable in today’s environment to build a large mansion to house only a few people and to have gardens surrounding it where many condominium blocks could be built. Many luxury developments in Bangkok have their own solar energy system, so you become part of the solution, rather than part of the problem.
3. No maintenance for you – The days of having to fix everything around your property will be long gone and you will never have to pull out a lawnmower again. Any essential maintenance that needs to happen around the condominium building is carried out by someone else and all of this is included in your yearly condo fees. This means that you get to enjoy the swimming pool, you get to relax in the gardens and you can even enjoy a barbecue or two and no work is required on your part.
4. Shared maintenance costs – When you purchase a condo unit, there is an annual maintenance fee that all condo owners pay; this covers the day-to-day running costs, the trash collection, groundworkers who keep things looking trim, and let’s not forget the 24/7 security that is always at work. Some developments require a monthly fee, while others bill the owners annually; you can participate by joining the owners’ board that meets with the developer monthly and offers suggestions on how to improve things. If there is a level of transparency, owners and developers can work together to improve the services and maintain a high level of efficiency. New owners are given an information pack that covers every aspect of maintenance, clearly defining the roles and responsibilities of both the developer and unit owner.
5. Sound long-term investment – Buy in the right location, the value of your unit will appreciate, much like any real estate. Penthouse suites, for example, are always in high demand and you can rent the unit out to receive a passive income. Many expats come to Thailand with a view to acquiring condo units as a form of investment. Of course, location is critical; the closer you are to the city center, the higher the value of the asset; you could set up a company and rent out numerous units with the help of a property management company.

Hopefully, these five reasons can encourage you to consider the condominiums life because it is a lot more affordable and you will have a lot more money in your wallet or purse at the end of any given month. You do have the option of keeping your privacy but if you want to, you can reach out to the many neighbours that surround you.