These days the real estate market is changing drastically. Hence, there is a big competition in the selling of apartments and klong san condo (คอนโด คลองสาน, which is the term in Thai). There is a great variety of condominiums available these days. Not only this, but people also have been changing their decisions and planning to live in condos so far. Also, the best benefit of living in condos is that they lessen your responsibilities of maintaining the house. This eventually provides you with the less financial expense on house maintenance.
Therefore, in this post, we will discover the different types of condominiums. You can choose the best which suits your requirements in every possible way. Also, there are many advantages of living in condos that you simply cannot ignore.
Different Types Of Condos Available That You Should Know About
The condominiums are broadly categorized into two different categories. These categories are termed the free-hold condominiums and the leasehold condominiums.
By the term itself, we can get the fact that these condos are owned by the developer. The developer owns these condominiums which are on specific land units. Hence, the authority of ownership of these condominiums can be passed on to potential buyers. The freehold condominiums are also divided into various categories which are named as:
- Standard Condos
- Phased Condos
- Van Land Condos
- Common Elements Condos
You can pick the condominiums that suit and fulfill all your requirements in the best possible way. These are the best recommended condominiums for the best advantages
Here is the second major category of condominiums. The leasehold condos are the types of condos that are unable to sell their land for any reason. This might because they are developed at the places like hospitals, universities, or for monetization. In this specific case, the landowner leases ut the property to the desired developer. As the lease period cannot be lesser than 40 years and not more than 99 years. The authority of the property remains with the developer.
So these are the two major different types of condominiums available. You can pick the one according to your choice. Also, the different types of condominiums come with a different set of advantages. Also, the best part is you don’t have to pay much attention to the house maintenance, repairs, and services as these are considerably managed by the condominium landlords.