The Benefits Of Buying Your Apartment Rather Than Continuing To Rent Here In Bangkok

If the time has come for you to move out of your parent’s home and to stand on your own 2 feet then that is certainly great news. With your independence comes an incredible amount of responsibilities and one of them is making sure that you have a secure roof over your head.

Some people here in Bangkok are caught in the dilemma of whether they should rent their apartment or if they should try to buy it outright. Buying an apartment in the City of Angels is not a small undertaking and sometimes the prices of properties stop people from getting onto the first rung of the property ladder altogether.

Affordable apartments

The good news is that there are apartments to buy in Bangkok at this very moment that are incredibly affordable and they are just waiting for a new owner to sign on the dotted line today. You can of course go down the rental route but you will be paying money to your landlord for many years and you will have absolutely nothing to show for it at the end except maybe some fond memories.

All of that money could have been invested in the purchase of your own home and so the following are just some of the benefits of buying your apartment rather than continuing to rent it here in Bangkok.

• It will belong to you – As was touched on previously in this article, if you continue to rent then the property will never be yours. Owning your own property not only provides you with a place to live but also a piece of real estate that you can continue to invest in over the coming years to increase its value so that it offers you a significant nest egg when the time comes to sell it off or to retire.
• It actually might be cheaper – The cost of renting out an apartment in the city continues to rise year on year and if you take the time to find out how much you would be paying if you took out a mortgage, in many cases it ends up being cheaper to buy than it is to rent. Fair enough, you will have to pay maintenance fees and to maintain the inside of your property yourself but this is a small price to pay for saying that you actually own your own home.
• You can make the changes – When you rent an apartment, you actually have to ask your landlord if it’s okay to give it a lick of paint and that seems somewhat ridiculous. Imagine the issues that you have to go through to make major changes within your rental home and it doesn’t bear thinking about. When you own your own apartment, you decide how and when you want to change things.

Hopefully, these three benefits can encourage you to start looking into purchasing your own apartment so that you can quit renting as soon as you possibly can.