Many people dream of owning their own property, but many fail to understand, the responsibilities that come with it. When you own your own property, it is up to you to add value to it, and to protect your investment. This can run into a great deal of money over the lifetime of the property, and even then, you are not guaranteed to get everything that you have put into this property, back. It’s a risk that many property owners are willing to take, but there are other options out there, where you don’t have to encounter financial liability such as this.
If you are thinking about relocating, or have already moved to Thailand, for example, then you can get a long-term condominium in Ekkamai, Bangkok to rent, for a fraction of what it costs to buy one. You will get to enjoy all of the benefits, with none of the downsides. The following are just some of the benefits to rent a property, instead of buying it.
- No costs or repair bills – When you rent a property and maintenance is required, then you just contact your landlord, who is responsible for all repairs, and improvements to the property. If, as part of your rental agreement, appliances no longer function, then again, you contact your landlord and they organise to fix it, or replace it. It really is that easy.
- Additional amenities – If you own your own property, then you might not have the space or the finances, to add the things that you would like to do. For example, everyone would love to have a swimming pool, but it is cost prohibitive to do so. With condominiums on the other hand, many come with their very own swimming pool and fitness centre.
- More flexibility – When you buy a property, you are stuck there, until the mortgage is settled in full. If you rent a condominium, you are generally only tied in for a year, and then, if you decide that this is not the location for you, you can move on, and find a condominium that suits you better
These are only three of the numerous benefits to renting, rather than buying, and there are many more. If you want to save a lot of money over the long term, and use that extra money to treat you and your family, then renting a condominium is the smart financial choice every time.