You can get into homeownership without maintaining a single-family home or townhouse by purchasing a condo in Ratchayothin area (คอน โด แถว รัช โยธิน, which is the term in Thai). Condominium residents typically have access to common areas and shared amenities and the ability to delegate building maintenance to the condo association. Also, you are not required to occupy the condo. A condo can be an investment that generates rental income if the homeowners’ association allows it.
What To Know About Buying Condos?
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Check Your Lifestyle
Don’t like cutting the grass and edging the hedges? Consider having your driveway pressure washed. Is the thought of spending $5,000 or higher on a new roofing too much of a strain? You might be a candidate for condo living if you answer yes to such questions.
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Hire A Good Real Estate Agent
Finding a real estate dealer who will look out for your best interests is a must if you’ve decided to buy a condo. Suppose you’re looking to buy a condo. In that case, you’ll want a real estate agent who has experience dealing with condos. They can quickly address your concerns and help you through reviewing all documents of condo association for the condo in Ratchayothin area.
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Decide On The Amenities.
It’s possible to find a condo with a wide range of amenities. These may include a gym, outdoor grills, and other luxuries. In contrast, others may be more basic and only snow removal and involve other maintenance activities in common sections. Always discuss the location and the price range of the amenities that you desire in your condo. Don’t be afraid to put these amenities in the wish list because you’ll pay for them when you buy your unit.
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Look For FHA-Approved Residence.
Condo mortgages may be more challenging to obtain than mortgages for other properties, such as single-family homes. When you apply for a loan, the condo readying process will be scrutinized, as well as your finances. Work with a professional who has experience with condo loans.
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Check The Fees And Regulations.
You’ll have to pay condo association fees to maintain your condominium’s property if you purchase a condo in Ratchayothin area. Examine the costs and determine what is included and what you are responsible for in addition to the monthly fee. Inquire about the frequency and magnitude of fee increases, so you know what to expect once you move in.