Advantages And Disadvantages Of Condo
What Exactly Is A Condo?
A Condo Mo Chit (คอน โด หมอชิต, which is the term in Thai) is a large property divided into individual units for sale. The type of ownership is a major contributor to the discrepancy. For instance, a single-family might buy an apartment and acquire ownership of the unit and the ground upon which it is constructed.
Condo ownership differs somewhat from other types of ownership. Although a condominium is located inside a home or neighborhood, the owner or landlord manages the unit privately.
The larger structure or even the plot of land on which this landlord’s property is situated is not subject to their control.
To assist with property management, a homeowners’ organization could organize. In addition to being known as condominium management, they are a group of property owners who work together to manage tasks like lawn care. Owners of condos will be required to pay a specific sum for services like these.
Why Is The Condo Owner Required To Pay The Property Manager?
A Condo Mo Chit owner must pay the cost of a property management company’s services. These services range from upkeep and operation of swimming pools and gyms to repairs and landscaping.
The Benefits Of Condominiums Are As Follows:
For those who wish to have a public life, condominiums are ideal.
It’s important to remember that you own the apartment and that living in a condominium is completely up to you.
People who want to reduce the expense of home ownership might consider condominiums. Condominiums are an excellent investment for first-time home buyers because they are less expensive than standalone homes.
The proximity of condominiums to corporate hubs and popular hubs of a community makes them one of the most distinctive qualities of the housing type. They also have good connectivity with business centers and various leisure options. As a result, the owners gain from excellent connectivity and have access to the various forms of entertainment that are popular in the area.
Most condominiums offer various amenities, such as rooftops, fitness centers, and swimming pools. Therefore, there is no need for the inhabitants to leave their complex to access these amenities.
Due to their excellent security, condominiums are less likely to experience theft or trespassers breaking in. The majority of condos have multiple security measures in place to keep occupants secure.
Condominiums Have The Following Drawbacks
You don’t receive an additional room in condos like your own backyard or garden. This is a drawback for families with kids or pets who need to play in the backyard.Parking spaces are few in condominiums. Having guests who might have to pay for the park can be a problem.
Pet ownership is typically restricted in condominiums. Some Condo Mo Chit permit dogs within the building and you may face limitations on the size and breed of animals you can keep.
