Whether you are buying a home for the first time or upgrading your previous one, it is time that you connect to the urban lifestyle. Choosing a potential location can make a lot of difference to your choice. Speaking about the luxurious lifestyle that one ever wants can be fulfilled with an eminent real estate company.
There are some reasons why one should choose an urban location, especially Condo near BTS Khlongsan for their home.
When it comes to buying a house, people mainly focus on affordability. Throughout the past few years, people have appreciated home prices. They assume that homes are less affordable.
However, the affordability of the house gets determined by three components. It is the price, wages, and mortgage interest rates.
As the price soars high, the interest rates drop dramatically. It plays a major role in the affordability of houses. The home becomes more affordable due to this scenario.
● Mortgage Interest Rates
The mortgage rates somehow dropped in some of the urban locations. On average, the rate for a fixed mortgage in 30 years will be around 3.7%. It was the scenario in the last 2 years. But with increasing time, the rate has escalated to 4.4%.
Besides the mortgage rates being near historic lows, the number of people intervening towards a lifestyle in urban potential locations like Condo near bts Khlongsan (คอนโดใกล้ bts คลองสาน, which is the term in Thai) is on the rise. As the home price gains re-accelerate, buying a house at the present moment would be the best financial decision to make.
● Increase In Family Wealth
Homeownership gets recognized as one of the sensational ways to build your family’s long-term wealth. As you delay purchasing your home longer, you will have to wait for a longer period to indulge in the power of home equity.
Apart from that, you can enjoy the lifestyle that you ever dreamt of. The type of amenities and upgrades you require can be practically incorporated into your residential property. It can create an appeal to your lifestyle. In addition, as you remain in one single neighborhood for years, you can build a long-lasting relationship with the urban community. It can benefit the social and educational continuity of your child.
With these advantages, you can notice your home values accelerate quickly. Hence it is time that you speak to a local real estate professional if you want to buy a dream house for your family.