Advantage and disadvantage of renting a condo
Many people do not know the difference between a condo and an apartment and those who do know are troubled with whether or not they should rent one or rent an apartment. The main difference between a condo and an apartment is ownership such that whereas an apartment’s units are owned by one person or a company, the units of a condo are each individually owned. Renting a condo in Pattaya has its advantages and disadvantages. Advantages include:
Most condos have security at their best as most offer gated entries. Also they have security guards to offer additional protection. Also the fact that most are in close proximity with other people, in case of an emergency, you can easily seek help from them.
Most condos have luxurious amenities like access to a swimming pool, fitness centers and lawns. All these amenities are not available in many apartments or even single home owners.
This has got to be the catch in renting a condo in Pattaya. You can use all these amenities without having to worry yourself on their maintenance as someone else will do that for you. Cutting the grass and fixing things are responsibilities of the Home Owners Association.
Most condos are in great shape because they are taken good care of by the owners who buy and then rent them. Apartments, on the other hand, are not always in good shape when you rent them as people might destroy stuff because it does not belong to them. It’s for this reason that many condos have smooth finishes and modern appliances, details that are not in many apartments.
Owners of most condos do not have a lot of property to manage. Therefore, you will have their attention most of the time. This is in comparison to apartments that have so many units; therefore, getting the attention of the landlord becomes quite a hassle.
However, as good as the deal sounds, there are some cons of renting a condo:
Condos are run by home owners associations (HOA). They are the ones responsible for running and maintaining amenities like the swimming pool. They, therefore, charge fees for these services; either you pay them separately or pay them in the monthly rent.
As condo owners are the ones responsible for their own condos, in case of any repairs that need to be done, you are likely as the tenant pay for these repairs.
To find a condo in Pattaya for rent can be quite a hassle as some HOAs and mortgage agreements have restrictions on renting of condos.
As much as renting a condo is such a tempting option because of the security and amenities that come with them, you have to consider your budget because there are the HOA fees in addition to the rent that you have to part with. Additionally, there is the difficulty that comes with finding one for rent. Armed with this knowledge you can make a better decision on whether you should rent a condo, or go with other options.