If you are looking for a housing option shortly, it is essential to get an idea of what type of property you’d like and the cost. In this guide, we will explore the best property for rent in Bangkok and your income needs depending on where you plan on living.
An apartment is a good choice if you are starting. It’s affordable and does not require too much upkeep. But if you want more space, an apartment might not be for you; instead, consider purchasing a condo or townhome with someone else or renting out part of your home to offset some costs with roommates/rental income).
Houses can be owned or rented. The great thing about homes is you have a lot of space, but it can also come with an ownership cost that many new homeowners are unprepared for. If you rent the house from someone else, you’ll have a monthly payment, and if you own it, there are annual taxes and maintenance costs to think about.
Before we dive into the math on renting vs buying a home, let’s look at some of the lifestyle factors that should be considered in this decision. When deciding how much you can afford to pay in rent, be sure to include the following:
Renters insurance- this protects you in case of damage or theft. It’s a consideration if you live alone and only occasionally visit other people’s homes. When renewing your renter’s insurance, be sure to factor in the fact that you might have belongings in other people’s homes with you during your travels.
Water and gas bills- this is a big one. When considering your budget, keep in mind that water bills are essential if you’re spending a significant amount of time away from home. If you live in an area where it rains more often than the average person, think about whether or not you want to take on the responsibility of having your own lawn care crew or paying for water and gas service at someone else’s place.
Electricity- be sure to factor in how much you need for lit area lights and any appliances that use power.