5 Reasons to Buy a New Condominium

Since Bangkok is developing at a rapid pace and urbanisation is on the up, new condominiums are being built to satisfy demand. This ideal of moving into a brand new home can be harder to achieve in other capital cities due to the lack of land, tight planning controls restricting the demolition of older buildings in favor of new ones and an abundance of existing residences. Many foreigners moving to Bangkok relish in the chance of acquiring a new property whether they are buying or renting, and this appeal for newness also comes with a number of other benefits too. 

1. Immediate investment return.
Should the property be an investment asset, then a new unit can be rented immediately. There are no delays in getting the property ready for the market whether that is repainting or carrying out small remedial repair works. These can influence when a tenant can move in and thus impact how soon rent can be generated. 

2. First person to take residence.
There is something quite satisfying about being the first person to open a new jar of coffee or wearing a new piece of clothing for the first time. This ethos applies to a new home and for some the smell of fresh paint on the wall amplifies this excitement further. 

3. Latest trends and design features. 
Less foresight and planning is required with a new unit as the developer has applied the latest interior design styles and ensured the space is maximised the best of its ability. With an older property the look will date sooner and even if the finish will suffice now, in the future it will need addressing taking time, money and affecting profitability. 

4. Minimal maintenance and outgoings. 
The biggest drawback for older properties is the maintenance that is required. Aside from regular upkeep to keep it ticking over, unexpected costs are more likely to arise from older fixtures and fittings. Generally, there is a level of assurance that a new property will require minimal extra investment for its first few years which is ideal for investors to capitalise on profits. 

5. More efficient.
Newer buildings will be more efficient and thus incur lower running costs. As technology improves, everyday infrastructure improves such as the air conditioning or hot water provider. Plus newer buildings will be pre installed with the latest Internet cabling unlike older buildings that will need to be rewired and which can damage the property when being fitted. To find out more about owning a new condominium, speak with one of our Ananda Sales Representatives who will be able to guide you with finding the perfect Bangkok condominium for your Thailand investment.