How To Know If You've Found the Perfect Bangkok Condo for Rent
17 Nov 2021
buy sell rent tips
Looking for a Bangkok condo for rent is not something you should do on a whim. Firstly, you should make sure you know what your needs are, and then you should take the right amount of time evaluating your options before signing a lease.
How can you be sure that you found the ideal condo for rent in Sukhumvit, Bangkok? Here are some of the major considerations you should keep in mind when looking for Bangkok apartments for rent, as well as considerations for engaging a real estate agent, such as Plus Property.
You should determine your budget range.
How much money can you spend on your housing? That should be among the first questions you ask and answer before searching for a condo for rent. This is often your biggest expense, so you must be careful not to overestimate how much you can afford. In addition, this is an amount you must be able to pay every month on time; otherwise, you may risk breaking your lease with late payments.
Furthermore, you will have to have a lump sum to start. Most Bangkok condos for rent will expect two months for deposit and one-month rent in advance. So, whatever your monthly budget is, plan on spending around three times that of your first month.
You also should remember that the rent is just one part of your housing budget. Along with rent, you will most likely need to pay for utilities such as electricity and water as well as cable television and internet access fees. And there are also food and transportation costs. These added expenses may be determined by the features of the condo you select, which we will discuss further below.
Location and transportation
Location is key when finding an apartment to rent. It could be the perfect place in the world, but if it is impossible to reach or extremely inconvenient to commute from, then is it so perfect? Some condo complexes have minimarts and shops as part of the property for added convenience, while others may be next to markets and street food hubs. Are these the things you want, or would you prefer a more secluded location? Do you have children that need to be near their school?
Condos near BTS or MRT stations may cost a bit more than those further away from the stations. However, many of those complexes offer shuttle services. And there are always motorcycle taxis – if that is an option for you. In the end, it is whether you are willing to put up with a longer walk or ride to the BTS or MRT of your choice. Furthermore, some may think that living further down an MRT or BTS line from central Bangkok may be a more affordable option. But, again, you need to weigh time savings against cost savings when making your choice.
Those who prefer to drive may have a greater choice as they do not need to be near public transportation. There is, then, the parking issue. Does the condo complex have ample parking? Some units come with their own parking space, while others may not. You should make sure of these details.
The location also means the location of the unit. Do you prefer higher floors for the views and sunlight? Or do you want to be nearer to the facilities? Corner units often offer better lighting. But where are the bedrooms located in terms of distance to bathrooms and entrances? What’s the noise level like? If these are important factors for you, you need to make notes of them as you visit potential new homes.
Furniture and facilities
Many of the newer Bangkok condos for rent come fully furnished, which can be a great convenience. However, you’ll have to make sure to record the condition of the furnishings as damages will be deducted from your deposit. Nevertheless, you may be able to negotiate with the landlord to remove the furnishings. Also, you could find unfurnished and partially furnished Bangkok apartments for rent, although it may take some looking.
If you want to save money by cooking at home, you need to ensure that the kitchen has the appliances you need. Are you okay with a microwave, or do you prefer a stovetop? Also, do you want to do your own laundry? Then you will have to make sure there is a washing machine that meets your needs as well.
What makes or breaks some condo hunters are the facilities available. Many complexes say they have swimming pools and fitness centers, but is it equipped the way you want? Is there 24-hour access? Is the facility clean and well maintained? Would you want a play area for your children, a garden area, or a common entertainment area to welcome guests?
Short-term contracts vs. Long-term contracts
Some condos are available for short-term contracts of six months or even shorter, but they are usually more expensive per month. Landlords prefer long-term contracts of one year or more, as they do not have to worry about finding new tenants, so you can often negotiate more affordable terms the longer you are willing to sign a lease. Of course, the longer the lease, the more you need to be sure that this is the condo you want, as getting out of a lease could be a costly affair if you change your mind.
Are property agents necessary?
You could spend the time walking to every building asking about units for rent. Then you need to compare prices, ask questions, and negotiate, which will take even more time. Moreover, to find the condo by yourself, you may not be able to compare all available rentals as much as a property agent can. So, hiring a real estate agent to find your condo in Bangkok could prove additional advantages.
Once you tell them what you want (bedrooms, facilities, price range, etc.), they can help you manage expectations while showing you the best options that meet your needs while staying on budget. They usually have developed relationships with properties and landlords, meaning they have the inside scoop on negotiating for you. They can also help you find the right neighborhood that suits your lifestyle, from being near schools for your kids or the best restaurants or shopping areas.
Plus Property is a full-service property brokerage company that checks all these boxes. Contact us today and let us help find the perfect Bangkok condo for rent for you.
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Plus Property is a real estate agency that provides first-class property services to those looking to buy or rent out property in Thailand. Our highly experienced team also offers professional consultation on requests. For information on condominiums that address the needs of your lifestyle and cater to your personal rhythm, call 02 688 7555 or click here to browse units currently available for sale and rent.
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