Modern vibe Condo near Sathorn feature 2 bedroom plus 2 bathroom unit 88.17 sqm. Facilities include 5×22 meter swimming pool, the Therapy pool , Gym, game room, co-working and co-kitchen space. Condo living comes with a number of advantages, including access to services that are normally only available for a fee. Pools, table tennis, and fitness facilities are all available to owners at no additional cost. Jacuzzi, roof entertaining spaces, and gardens are also available at certain high-end condos. The main distinction between such a condo as well as a flat is that a condo is usually owned, whilst an apartment is rented.
- Townhouses usually have at least 2 stories and are connected to one another in a row.
- You’ll be introduced to an agent from our real estate professional network.
- Indonesia is one of the most popular travel destinations in the world.
- Owning a condo lets you experience the joys of home ownership without the burden of maintaining a traditional house.
- These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units.
Think lobbies, fitness centers, and pools that are maintained by the homeowners’ association . Before delving into the specifics, let’s start by exploring the definition and features of condominiums. A condominium is a type of housing where individual units are privately owned, while common areas and facilities are shared among all residents. These shared spaces can include hallways, swimming pools, gyms, and landscaped gardens, among others. The manner in which condominium developers give car parks or garages to unit owners varies. In some buildings, these spaces are designated restricted common spaces, as well as the condo association retains ownership while granting the unit owner exclusive use to the space or garage.
Meaning of condominium in English
For instance, if the floor of a detached single-family home requires repairing, the responsibility is solely the homeowner’s. If the HOA fees are high or if there have been recent assessments, prospective buyers might be deterred. Buyers must often be approved by the HOA, extending the selling process. HOA restrictions can be limiting, especially if you value personal expression and freedom in your living space. Consider whether you can adhere to these rules before committing to a condo.
- As the value of the condo appreciates, so does your investment.
- If you’re thinking about taking this route, just remember to consider the tips, tricks and tax considerations of buying a rental property.
- Additionally, it’s crucial to thoroughly review the financial health of the condominium association.
- The assessment fee is generally based on the size of the unit.
- So if you want to make an offer on an attractive property quickly, getting a preapproval should be first on your list.
For over 15 years, our real estate agency has been assisting homeowners and landlords in connecting with qualified buyers and tenants to negotiate the best outcomes for our clients. We also specialize in serving investors, helping them identify valuable properties and providing comprehensive property management services. Singapore condos are usually built with recreational facilities such as clubhouse, children’s playground, gymnasium, swimming pool, squash, tennis courts, and sometimes even a putting green. Most condos developments have 24-hour security surveillance, intercom systems and some condos even include home automation systems and concierge service. There are further types of “apartment unit”–type homes, too, depending on the laws on homeownership where you live.
Newly built Tokyo Riverside Apartment @PIK2
Ko Ratanakosin is a favorite tourist spot as it features palaces and other holy sites. Sathon, Thonburi, Lak Si, Dusit, Rama IV, Don Mueang are the current growth areas in the city. Life Sathorn Sierra is a luxury high-rise condominium project in the Talat Phlu area, with every area designed to be perfectly served to you. To provide residents privileged lifestyles as desired, the…