A condominium is a modern-day response to the increasing demand for residential space in urban areas. Unlike standard homes in suburban areas, condominium units are found in sky-rise building co-owned by the rest of its residents. When you buy condos for sale Bangkok, you only own the unit you bought but the rest of its common spaces and facilities such as its swimming pool, parking area, recreation parks and fitness areas or gym are communally owned by the other tenants of the building. Because of this type of ownership, there are rules and building policies imposed in the building. Before buying a unit, check out the building policies and see if they are amenable to you.
If you are planning to buy a condo unit, search for one in your area or in areas close to where your office or school is located. Factor in traffic and travel time to ensure that living in the unit would be convenient for you and your family. You can look for suitable condos for sale Bangkok via the internet. If you have eyed a specific unit, contact its proprietor or developer and see how they can assist you with tours or open-house visits.
Upon visiting the condo unit, take special attention on its basic facilities such as its elevators. Are they functioning well with emergency equipment inside? You may also want to check if there are emergency exits and escape routes and if there are available safety equipment such as smoke detectors and fire alarms. Consider also the cleanliness and maintenance of common areas in the building.
If you are already satisfied with the condos for sale Bangkok that you checked, it is now time for you to take a look at the contract. Be extra cautious if you are buying a pre-construction condo unit. If you are not comfortable with such documents, ask a real estate lawyer or a representative to help you go over the contract. Check if you can refund your deposit and the expected time of completion including your recourse if the condo is not completed on time.