A condo with few steps to BTS or MRT station is the dream residence for many people. But no matter how convenience the condo is, there are still many factors that need to be carefully considered in order to make sure that you are making the right choice with the best value. Here are things that need to be considered well before purchasing a condominium along the train line.
1.Make sure to compare prices of condo in the same neighborhood.
The condo with 300 meters, 800 meters or 1 kilometer distance to the station are actually not much different. They are still in a comfortably walk able distance. But when you compare the price, it is possible that the 300 meters one is doubled price from the 800 meters or 1 kilometer distance condo. So if we purchase the condo without comparing the price with other condos in the same area, we might be unnecessary paying more expensive.
2.Ready to move or can wait?
Even though they are all the condominium projects along the train line, the prices for ready to move and under construction condos are very different. So if you are not in hurry to move in, sometimes considering the off-plan or under construction one can save you a lot of money. On the other hand, you need to consider on how credible the project is in order to ensure that the project completion will be in accordance to the schedule, not postpone or delay and make you miss the opportunity as planned. However, for purchasing an off-plan condo, you must take the land price index into consideration. It is important to see which area along the train line that price is increasing, so that we can plan to purchase the condo to get the capital gain and make more profit from rental or resale in the future.
3.Plan to rent out in the future
The advantage of condo along the BTS or MRT line is that they are preferred by working people who wants convenience in travelling and wants to save more time when going to the office in the morning. The condo along the train line tends to be easier to rent out in the future when we decide to change our life plan to move to stay in a house instead. However, not all location of condo along the BTS or MRT line that is easy to rent since some locations are over supply for the rental demand. Therefore, you must consider the easy to rent location for your future rent-out plan just in case.
4.Check your financial status carefully
Condos along the BTS or MRT lines are considered to be in the in the price range that are much higher than other typical condominium. Therefore, it is important to get your financial ready. Even though your income is high enough to get the loan, you need to make sure that you are capable to pay for the installments without other debt in excess. You also need to access your job security risks, in case you need to move your workplace or resign from the job, will you still be able to pay for the condominium installments or not.
In fact, there are many other things to consider when buying a condo along BTS or MRT lines such as unit layouts, locations, the project concepts and promotion offers from each project, to ensure to get the condo that match with your preferences the most. At Acute Realty, we also have many interesting projects along the BTS or MRT lines with special prices including projects that are supported by Thai government which offers more discounts. Therefore, you should not rush your decision only for how close the BTS or MRT station is when purchasing the condo; you must consider other elements as well so you won’t regret your decision later.