If you are yet to enjoy the pride of being a homeowner, nothing will give you more happiness than acquiring a property. However, it is one of the biggest decisions you need to make, so the right choice can make or mar your finances. If you are keen to buy a single home, you need to know why it is a better option than the rest. Living in a condominium may lead to the emergence of several issues, especially conflicts that often arise during co-ownership. Moreover, the conflicts may accentuate when it comes to renovation and remodeling in condominiums. Unfortunately, individual requests may go unnoticed in condominiums if you are opposed to living in co-ownership homes, buying a single family home is the best choice.
Expansion and renovation
When you are in joint ownership, renovation of your property may lead to several issues as most people would not agree to the proposition. Even if you conduct renovation work in the interiors, people may raise objections due to dirt and the noise it creates. Moreover, if you use the elevator to carry the materials to the upper storey, you may hear a couple of annoying comments. On the other hand, acquiring a single house Nonthaburi [บ้านเดี่ยว นนทบุรี, which is the term in Thai] allows you to conduct renovation with ease. You may also look forward to home addition or enlarge a specific area of your home to reap the benefits. Therefore, buying a new home allows you to carry out the renovation and addition to fetch more profits.
Value of your home
The single family homes attract long-term tenants and most of them are likely to be financially stable. Moreover, when you compare the taxes of single family homes with multi-family homes and apartments, the former is lower. However, one of the biggest reasons you can invest in single home is due to the attractive resale value. So, you need to research the potential of the location before investing in a single home.