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Location selection is the priority because it makes traveling easier and more convenient in living. Therefore, buying condominiums for rent or resale can generate higher profits, especially in high-growth zones such as near the subway, near the main roads, or not far away from expressways, which are in demand today. It will also take a short time to travel, and the returns will be higher.
Condominiums are usually offered at various prices and types, even if they have a better view or a bigger/smaller size, tenants have their budget. Therefore, we should find the right size to reduce the spending of both renters and tenants to make it easy to find tenants. Most tenants are usually people in their early years working or people who have to share a condominium with friends or lovers. The size of a room suitable for 2-3 people will be 28 – 35 square meters, so it will be suitable for rent.
There is no denying that condominium brands affect tenants’ decisions. Since many condominiums are standard and well-known to many people, it is not difficult for tenants to choose a residential property or it can be rented out at a high price. Big brands tend to have better management of their projects and not to let buildings deteriorate. It is also easier to resell than other sub-brands. Therefore, it is necessary to purchase condominiums for rent or investment that are well-known or famous.
The environment in the condominium project and condominiums must be good. This is another sub-factor that affects the tenants in selecting and buying the condominiums. That is the reason why tenants would like to rent and are willing to pay rent at a higher rate if the condition of the room is repairable. On the other hand, if conditions deteriorate within the project, tenants will feel it is not worthwhile to enter to live and feel unsafe. It is also difficult for the project to repair and must be reported through the corporate committee and waste time performing maintenance work that takes time to cause noise to neighbors.
Condominium rooms should be selected from the position of the Floor Plan, not to be too far away from the elevator because if it is too close, there is more noise and some are closer to the garbage dump area. That is the reason why most people do not prefer to choose a room in that area. However, a room should not be too far away from the elevator. You need to take into account the convenience of operating the elevator, so if you decide to buy a condominium, you can choose between four or five rooms away from the elevator.
Buying condominiums, whether for residential purposes or investment in speculative leasing, would like to apply the recommendation to consider buying condominiums as long-term investments and need to be carefully informed before buying or investing.
References from
thansettakij/krungsri/ananda/ofm
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