Owning a living space is a dream that many people have. However, the property market today is a bit harder, as the price of decent size houses has skyrocketed. That makes it harder for normal earning people to have their dream house.
Well, it can be tricky for you to tell whether you need to buy a condo or house (คอน โด หรือ บ้าน, which is the term in Thai). However, we would like to help you by showing comparing both lifestyles. Before we start out giving our point, we would like to acknowledge that not everyone is the same. Therefore, when thinking about going with a condo or house, make sure to think about your needs and dreams first.
Point By Point Comparison: Condominium Vs. House
According to statistics from the National Association of Realtors (NAR), the average house price exceeds the average price of a condo. Moreover, depending on the area, the gap between the condo price and house price can get wider. Therefore, if you are looking for a living space that comes under your budget or something that you can afford, you can try out looking for a condo.
Maintenances And Repair
Just paying the price to buy a condo or house does not mean the end of expenses. The next thing you have to prepare yourself is to pay for the monthly maintenance and repair bill to keep your living space hostile and comfortable. In the case of a house, you have to pay for the garden maintenances to the gutter cleaning chores, singlehandedly. However, in the case of the condo, the case is a bit different. Surely, you have to pay monthly maintenance charges. But the cost of maintenance is divided between all the residents, which allows everyone to pay just a small amount to enjoy a greater and better level of maintenance and repair services.
The real estate property is also an asset that you possess. The location of your real estate plays a huge role if you want to sell your property at a higher price in the future. Since the condo is mostly at urban areas, they have all kind of amenities a person need in a walking distance. Since the urban population is increasing, you can be assured of getting a good return. However, when it comes to buying a house under your budget, people have to settle at a distant location away from an urban area.