Condominium Living in Sattahip Thailand
Sattahip is about 20 kilometers south of Pattaya. Formerly a little fishing town, it is now become an attractive, busy deep-water sea port handling a large part of Thailand’s commercial shipping. This is home to many international communities that live and work around the Eastern Seaboard. The Royal Thai Navy with headquarters in Sattahip is in charge of much of the coast between Pattaya and Sattahip at the 167 kilometer marker, a plus to personal safety and security factor. Sattahip condominium living offers a beautifully mix of a relaxed neighborhood together with the availability of cultural amenities that translating to a very high quality of life to cost of living ratio.
Sattahip is a thriving coastal town with plenty of attractions for maintaining an active lifestyle. It is authentic and pleasant place to live: tropical weather with protected cove shields it from natural disasters, friendly natives, excellent hospital and medical facilities consist of staffs that are familiar with western customers, great selections of Thai and international food source, close to Bangkok international airport, and this little gem has over 30 golf courses within one hour drive catering to year round players.
Beach front condominiums are some of the most sought after real estate year after year. Popular properties are surrounded by natural beauty or in the heart of tourist attractions, parks, shopping centers, or golf courses. With consistent resale value and relative scarcity, beachside condominiums are always in demands as vacation home, seasonal rental or for retirement living.
Particulars about owning a condominium in Thailand:
- Through Condominium Act, individual foreigner can own condominium out right in their name and foreigners may own up to 49% of the aggregate unit space of a condominium building.
- You will be responsible for monthly payment on condominium association fee to the condominium management. It is your share of the costs of maintaining all the public areas within the condominium as well as security. It is smart to find out how many times the fee has been raised in the last 5 years and by how much, so you can get a decent idea of what to expect down the road.
- Many condominiums offer amenities such as pools, play areas, tennis courts, gym or jogging tracks you may otherwise not be able to afford as a single homeowner. However, even if you don’t use any of the facilities in your condominium complex, you are responsible to pay for the upkeep and repair.
- Before you buy, find out what the hot issues are in the particular condominium you are interested. Also ask how large the Home Owner Association’s reserve funds (used to pay for maintenance and emergency repairs on the building) are. The larger the reserve, the less chance of an assessment or one-time payment to chip in for an unexpected expense. The smaller the reserve, the greater the chance you will be billed for an assessment in the near future.
Choosing the right quality of condominium neighborhood is a very important consideration. Give some thoughts to what you must have, not want, not need. What you bought will have an impact on everyday aspect of your life for years to come. Make sure you select a neighborhood that conform to your everyday need and answer to some of the things you cannot live without. Condominium living may mean giving up more privacy when compared to single family homes, but then in condominium, you will live among people who share your interests; safety in numbers is reassuring.