Pattaya Condos...
An Interesting Alternative

What's The Hype About Pattaya Condos All About?

It doesn't take long to find out that many expats own a condo in Pattaya. So, I investigated why people love to buy and live in a condominium in Pattaya.

Condos in Pattaya For Rent

Condos in Pattaya For Sale

What is the difference between a condo and a house or villa?

Villas are free standing units where as condos are units in buildings - they are found in complexes.

So what are the benefits of owning a condo versus an apartment, house or villa?

Pattaya condos have their benefits. For one, you don't have to worry about maintenance, and you can buy prime ocean view locations. Also, there may be rental income possibilities if you own more than one condo plus it is the only way to own real estate in Thailand so far. Pattaya condos can be right for certain people in certain situations.

The Advantages Of Owning A Condo Are:

you can own a condo in Thailand and put it in your name.
you can buy a condo in prime locations in Pattaya, Jomtien and Naklua.
no maintenance. This may be of Importance if you retire.
can be potential rental income if you own more than one.

As a foreigner you can own a condo in your own name in a condominium complex where not more than 40% of the condos are owned by foreigners.

Pattaya Condo Pool

Pattaya Condo

Condos in Pattaya, Jomtien or Naklua are available from less than one million baht for a studio type condo and 70 million Baht for luxury condos with large balconies, breathtaking ocean, beach, and island views.

Prices vary depending on location, view, size, interior finish and what floor the condo is on. Tangible amenities might include swimming pools, health club facilities, party rooms, community centers, security and garages. Before purchasing one of the Pattaya condos make sure you know the taxes on the sale and any other additional costs like operating cost and maintenance fees.

Location, Location, Location

The highest value aspect in most real estate purchases is location of course. Research would be advisable about future new developments in the vicinity of the condominium complex. There have been areas in Pattaya and of course anywhere else in the world, where areas have deteriorated and thus the property value in the area depreciated. The opposite can and has happened as well. Even if the property is in an excellent area it would be advisable to find out as much as possible about future plans in that area.

Better Be Safe Than Sorry :

Give some thought to what you want and need. If you're not going to use the swimming pool, understand that the condo's price and ongoing monthly fees will reflect their use regardless of your interest in swimming.
Visit various condominium complexes so you know what's available where you want to live. Get a sense of prices.
Find out if the complex has a good reputation. Ask current expats/residents how often repairs and maintenance are required, and how good the soundproofing is between units.
Check out parking area, storage, security and other amenities. Get familiar with the complex.
Inspect and walk the development you're looking to purchase a condo in. Do you like the size of the condo? Is the property nicely maintained? Talk to people already living in the development about their experiences.
Carefully consider the condo dues. Write down your budget and yearly income to see if you will be able to afford the cost and fees of the condo.
Closely inspect the condo you're considering to purchase. If need be bring someone along, a friend who can inspect the unit for you. Check the water pressure in the shower, make sure the pilots on the stove work properly, and make sure there's enough closet space for your belongings. It's your investment.
Are there a lot of condos for sale within the complex you are considering to purchase? If so investigate why.