Searching for a Condo for Rent in Bangkok?
Looking for a condo to rent in Bangkok can be challenging, particularly because of the heavy traffic that can make you lose your temper when you need 2h for less than 1km distance... Here are some tips to help you find the best location that will fit your needs.
Location is key: a condo near BTS or MRT would be your best choice if you do want to avoid the road. A short walk to BTS from your condo and you can reach most areas of Bangkok! And with the extension of the BTS and MRT, more areas are to be covered making it convenient to go from Bangkok BDC to more residential or shopping places. You can also opt to have your condo as close as possible to your office so that just a short walk would bring you there (or a short taxi ride). This is a good idea to visit the condo you target different times of the day to have a better idea of the traffic there, particularly if the BTS is not nearby... You may also opt to have a supermarket like Villa Market or Big C nearby if you plan to use your kitchen.
Price: different location mean also different prices! Condos next to BTS tend to be more expensive to rent than the ones further on the back streets, but there are also some districts like Khlong Toei, Watthana, Pathum Wan, Ratchathewi (close to the early sois of sukhumvit / shopping malls of Siam BTS station) that tend to have higher prices. Still some good deals are available there and you can usually find better quality housing as well and more convenience shopping too. If you need cheaper prices, from BTS On Nut and after (in direction to Bang Na) you should find cheaper prices. In the north of Bangkok, along the MRT line on Ratchadaphisek Road and Ladprao.
Building Facilities: Most condos will offer fitness and swimming pool, but you may also find some restaurant or groceries store as well which can be quite handy when you stay in a remote zone. Some condos also provide shuttle bus to the nearest BTS or MRT station.
Your Contract: when you contract to rent a condo in Bangkok, you may want to ensure that the owner actually owns the unit (there are a few scams around), what is provided and how to deal with repairs when needed. Using the service of an agent can sometimes be helpful as they can assist you more in finding the unit from your preferences but their services stop at the time the unit is rented out so you will want to ensure that the owner is available if you do face issues. Note that most contracts include at least 1 month deposit and 1 month advance payment, with a minimum rental period of one year.
Buying a condo in Bangkok?
Whatever purpose you are buying the condo for, you may want to check the criteria above as they will impact on your property value. There are also a few other things you would need to check...
Construction Quality: check the walls for defects, water pressure and plumbing. Depending of the year of construction it may require some renovation as well but remember you can only fix what is within your condo unit. The material used for construction can also have an impact on the durability of your investment and present some inconvenience if for example the wall separating you from your neighbors is too thin.
BTS and MRT extensions: for investment, you can check where the BTS and MRT lines are being built. You can surely find cheaper condos there until the line is built, the rental / selling value may gradually increase after.