facebooktwitteryoutube
in Business - 01 Dec, 2016
by Curtis - no comments
Condo For Rent Vs House Purchase: Which Is Better?

You don’t have to be confused as to whether you are going to look for a condo for rent Pattaya or buy a property in Thailand. This article will help you come up with a decision by looking at different factors. Some of the things that you should take a look into are the following:

Length of Stay

One of the important things that you should consider is whether you will stay in Pattaya for long or for a short period of time, say, a few years. If you intend to retire and stay in Thailand during your golden years, then buying a property like a beach house would be your best option. However, if you are just assigned in Pattaya and there is a good possibility that you will be reassigned to another area in the next few years, then getting a condo for rent Pattaya should be your best bet. If you are also a Thai national, buying a house would be better than merely renting a property. Renting a house or a condo unit means you will be paying for something which will never be yours.

Costs

If you have the budget for a lovely home by the beach or for a unit in the high end area of Pattaya, then buying a property would be a good idea. Even if you do not have the full amount at the moment, you can also mortgage the property but that is, if you would stay for long in the area. You can always say that you can easily sell the property out when you leave but the market value of the property may no longer be as it was when you bought it.

Recurring Fees

The recurring fee of condo for rent Pattaya is the condo’s monthly rent and renter’s insurance. However, for a house or property, you would have to pay for mortgage, condo fees, maintenance, property tax, etc. the choice is yours. There is actually no right or wrong answer to your question. It’s just a matter of budget, convenience and practicality.