Examining the Perplexities of a Condo Room for a Family
Perplexity 1: A condo near the place of learning is always worth it
A locality with an institute of higher learning generally hosts a large community and generates housing demand from students and education personnel. This makes condominiums near a university a valid investment option.
Generally speaking, condos located in proximity to an institute of higher learning are occupied by the owners themselves; parents favorably view purchasing a condo near their children’s place of study as this facilitates commutes and management of time. The student is better able to attend class and activities with co-learners, and engage in leisure activities such as shopping and traveling during off-days.
When calculations are made over the value to be gained from investing in a condo, the numbers may come out in favor of purchasing a condo room versus renting an apartment. Even though the monthly instalment for a purchased condo room will be higher than the rent at an apartment, the purchase contributes toward a future asset that can be exploited for regular returns once the buyer’s children have finished their studies and the room is rented out. Profit may also be generated upon reselling.
Over the years, a condominium room near a university has remained a worthy investment and is an important factor in stimulating the condominium market’s vibrancy. This is because people are aware that condos near an institute of higher learning can produce good returns from the resale price as well as the rent – both of which are continually increasing.
Perplexity 2: Buying a condo room based on family size
Although members of the newer generation frequently live separately, many extended families prefer to have a condo room as preparation for the future. These families view a condo room as a worthwhile investment that grants the owner easy commutes and allows a person to have a flexible lifestyle.
At present, condominium developers are increasingly designing their projects to respond to a more varied set of needs. There has been a shift toward one bedroom, one living room units that are targeted at medium- income buyers. Investing in these 1-bedroom condominium units has become a popular practice as this type of room can be rented out more readily. Tenants include students and working people, but expats who work in Bangkok will constitute a part of the tenants body for condos at downtown locations.
Before buying a condo, there is a need to consider the current number of family members and the target number. For example, a 1-bedroom type of condo unit may no longer suffice once your child grows up enough to have a separate room. In this case it would be appropriate to look for units with two bedrooms or more, in order for the living space to be suited to the needs of family members.
If the budget is restricting the purchase of a bigger room, the buyer might consider condos that are located further out but which are still serviced by rapid transit. These condos come with cheaper prices than their downtown counterparts. Selecting a condo unit that is appropriate for real needs and the number of family members will bring about happiness for the occupants and will not generate excessive financial burden on the family.
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