When you buy a Langley condominium unit or townhouse complex, there are certain things you should always consider.

The Strata:

? Monthly and annual dues – It is essential to consider that bigger strata dues are not entirely a bad thing. A condo complex with a good budget for security and maintenance can give you lots of benefits and it may entail you savings. Strata’s that have lower maintenance fees have limited capacity to secure and maintain the premises. This could result in costly repairs down the road.

? Find out if the complex is self-managed or professionally-managed. Professionally managed condo units are generally a wiser option. Owner handled complexes may not have the proficiency to correctly project maintenance expenditure and resources accordingly. Higher maintenance dues will normally turn out to be more cost efficient in the long run. In this way you can avoid more costly repairs that result from inadequate maintenance

? It would also be to your advantage if you could make sure that they have sufficient contingency account. Having ample financial buffer is advantageous as it can protect you from unforeseen problems. This can also shield you from the shock of large financial levies in the event of such problems.

? Check if the condominium association has any outstanding legal concerns. It is always wise to do a little investigation so that you know what you are getting into.

? Ask for a copy the minutes of past board meetings. Look for signs of forthcoming expenditures. See if there are recurring issues or controversies. Assess the issues and determine if these have a direct impact on you.

The regulations:

? Find out the rules and regulations that govern your home. Are you amenable with them? Will your lifestyle fit well with their rules and regulations?

? Are pets allowed? If so, what types, what size and how many? If you have pets, make sure to clear this up before purchasing your new home.

? Are there limitations about particular activities or noise levels? If you are a car enthusiast you might want to make sure your new home doesn’t have rules that restrict you from working on your car outside your unit.

? Are there restrictions about long term guests? If you expect frequent guests that stay for long periods you might want to check if the strata have rules covering this.

? What areas of your unit is your responsibility and what areas are common responsibilities? If you plan to do major interior renovation work you should check with your strata first. It’s always best to make sure before buying than to assume that everything will be alright.

? Find out if the unit can be leased. If so, check the number of units currently owner occupied as opposed to the number that are being rented. This is a vital concern that can affect the resale value of your home. It can also possibly affect your quality of living. It is usually better to have owner residents as neighbors.

Not considering these factors carefully might lead you to end up with a less than ideal home purchase.

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I live in a very beautiful and expensive area. On top of that, I live in one of the nicest parts of this area. The problem is that I only earn enough to afford a 1 (or 2, if I stretch it) bedroom apartment here. The apartment I have is very nice, and spacious for its cost, but it's a little outdated. The weather is cool and temperate, and the views are amazing, but the shopping is inconvenient and pricey because everyone earns so much.

I have the opportunity to move 45 minutes away by car into a three-bedroom condominium with a brand new kitchen and interior for about what I'm paying in rent at my current place. It'd be a major upgrade. The shopping is much more convenient and budget friendly, but the views aren't half as good, the weather is 15 to 20 degrees hotter, and it would add to my commute time significantly. I wouldn't get to spend that much time in my new condo, except on weekends.

Should I stay at my current place or make the move? I'm really torn.

About Author

Andrew Szalontai is a Langley BC realtor and expert who has spent years buying and selling houses and real estate in Langley and Surrey.

Please visit Andrew’s website at http://www.mylangleyrealestate.com for more advice and tips on buying your Langley property.

Located in central part of the country along the low flat plain of the Chao Phraya River, Bangkok is the largest as well as the capital city of Thailand. The cultural, educational, and political center of Thailand, Bangkok is one of the top tourist destinations in southeastern Asia, with a range of fabulous attractions such as Chitralada, Royal Grand Palace, Erawan Shrine, the temple of the Reclining Buddha, Wat Pho, the Bangkok National Museum, and the Bangkok University Art Gallery.

Apart from being a popular vacation spot, Bangkok is considered the backbone of the country’s economy. For instance, the Stock Exchange of Thailand is located in Bangkok. Further, a large number of commercial banks and financial institutions have been headquartered in the city. Further, the cost of living in condominium is exceptionally low.

Above all, when compared to other Asian cities, Bangkok is a safe place to live in. Perhaps for these reasons, people prefer to live in Bangkok. Living in Bangkok is not only a great way for tourists to discover the great attractions of the place but also an excellent choice for those who want to settle here permanently, since it is strategically located center to almost all prominent Asian countries.

Like any other Asian cities, Bangkok provides a range of accommodation options to choose from, such as, budget villas and bungalows, single detached homes, and luxury apartments and flats coupled with a host of peerless amenities and facilities. Along these accommodation options, condominiums are also considered a great choice to live in Bangkok. But, this type of accommodation is quite different from other accommodation types.

A specialty of condominiums is that they possess dual nature, ie, a condo owner has full control over his unit. But, the owner is required to share the cost and expenses incurred for the common facilities of the property, like passageways and lobbies. In the case of condominiums, the owners are required to follow the rules and regulations formulated by condominium association. Nowadays, condominium units found here matches with the design and style of those units in some of the hi-fi Asian cities like Singapore and Hong Kong.

Depending upon the budget, lifestyle, tastes and requirements of the people, a multitude of condo units are now available in Bangkok. Some of the most popular forms of condominiums available in the city are apartment, townhouses, and single detached homes. No matter it is of any type, a condo unit in Bangkok mostly comes with comfortable bedrooms with adjustable beds, expansive living rooms, fully equipped kitchen with superb dining area, and sophisticated bath area with uninterrupted water supply.

In luxury type condominium units, facilities such as parking areas, fitness room coupled with gym facilities, laundry, Jacuzzi, separated male and female saunas, pools, and meeting rooms are included. Additionally, many of the condominium properties come attached with areas exclusively for children like kids pool and playground. Mostly, luxury condo units are located in such posh areas of the city as Sukhumvit, Sathora, and the Central Lumpini areas.

Living in a Bangkok condominium offers a host of benefits. One of the major advantages is that it is affordable. You can become a part of the unique community by living in a condominium in Bangkok. Low maintenance is another prime benefit of Bangkok condominiums. Advantages also include safety, as there are a lot of people around, there may not be chances for theft and robbery.

Above all, condominium life allows you to utilize a range of facilities such as pool, library, and elevators. Apart from these, condominiums are considered a long term investment. Understanding the importance as well as the benefits of Bangkok condominiums, many foreigners now invest in condo units. Further, a condominium is the only type of asset that can be legally owned by a foreigner in the country. Even a special law has been formulated for purchase of condominiums, known as the Condominium Act of Thailand (1999.)

With a myriad of real estate consultants, realtors and property builders in the scenario, buying or renting a condo unit in Bangkok is no longer a tedious process. In addition, since many of them have them have their own websites with details regarding the nature of the property, expected price or rent, amenities available and pictures of the condominium, buying or leasing a condo unit has now become quite convenient.

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Wantanee K. is an independent author evaluating and commenting on leading International Property Consultants in Thailand, especially CB Richard Ellis.

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