Condo, the abbreviated term for condominium are private residential places that an individual or a family living in the building owns. They are generally parts of large buildings but separate condominiums are also present. All condominiums have common areas that include garages, gyms, yards, and other such units. The condominium owners do not have to worry about the maintenance of the place. The maintenance of the place is taken care of by the elected members of the condominium board. The members of the board also own condominiums in the building. These members handle all the maintenance and repairs required in the buildings.
Factors to consider while buying condominiums
- These structures contain multiple apartments, whose owner is a single individual or a family. However, these owners do not possess the ownership of the land on which the building exists. Therefore, the person residing in the apartment only owns the value of the property.
- The various amenities offered in the condominiums include spaces like swimming pools, garages, and courts for playing various sports. Moreover, the residents do not have to worry about the maintenance. Hence, making the life much more hassle-free and easier.
- Due to a close proximity of the apartments, one cannot have much privacy. Due to shared walls, voices can reach easily from one apartment to other.
- It is necessary to ensure that owners are of good nature. In some cases, owners do not behave properly and raise unreasonable issues. Hence, it is necessary to ensure this factor.
Condominiums are a common structure found in almost every region of the world. Phuket Condo is very popular in Thailand. Most of the people in the country prefer living in condominiums, as they are affordable and provide various amenities. Living in condominiums is not only easy but also a joyful experience due to the close proximity of neighborhoods.