Home Buying 101: The Different Kinds Of Home You Can Buy

Thailand – April 1, 2016 – So you have decided that you want to buy a new home for yourself. This could either be an investment on your part, or you just want to have a change of scenery. Whatever the reason, it is still important that you carefully choose what kind of home you’d like to buy and live in.

The location should be the first thing you consider and after you have chosen a good location for yourself, it’s time to start searching. Basically, you have many options to choose from.

  1. This option is for those people who prefer a more urbanized lifestyle but don’t want to live in apartments. This is perfect for young adults and couples without kids as well as elderly couples whose children have moved out of their house. However, condos come with a bit of a downside to them. First, you won’t have complete control over your property because there will be rules set up by the homeowners association that you would have to follow. It is also not as big of an investment as when buying a house. However, there is increased safety and security in condos and they are much more affordable than houses.
  2. A townhouse is somewhat a cross between a house and a condo. Typical townhouses are two stories which mean you won’t have a neighbor upstairs or downstairs. This also means that there is increased privacy and quietness. They also have garages attached on the ground level. However, townhouses also have homeowners associations which mean you also have a set of rules to follow as determined by the association.
  3. This is probably the biggest and most expensive option you have. When it comes to purchase price and maintenance, a house definitely exceeds that of condos and townhouses. However, even with the increased costs, houses provide the most privacy and independence that you can get. You’d be able to have a yard as well as a fence to distance yourself from your neighbor. So if you plan to settle down in Pattaya in a house, you should know that you would have to pay and conduct your own maintenance as well as mortgage. But you would also be free from homeowners’ association fees.