Average (Probable) Condo Monthly Maintenance Charges?

[Salapoo]

I'm thinking of buying a condo, would likely be a used 2br, aroud 60sqm, and around 1m-1.5m baht.

May or may not have a pool, probably 2 elevators and small grounds.

I’m interested in hearing about normal maintenance charges. (and any other charges not inc. elec + water) I really have no idea.

1k p/m, 3k p/m, 7k p/m?

Any people have educated opinions or experience?

Thanks.

[jbaldwin]

Our condo its 300 baht/square meter/per year, with a 10% discount if you pay in full before end of the previous year.

Cable tv is 400 baht per month or 1,800 for one year paid in advance.

[Salapoo]

^ Great thanks.

Quite cheap.

Is there a pool there? Mine probably wont have one.

[jbaldwin]

Yes. It's four buildings, 144 units in total, all overlooking a pool and large garden area.

The fees have remained at 300baht/sqm/year since the condo was completed 9 years ago. The early payment discount was doubled to 10% two years ago.

[54321]

mine is the same 300baht per square meter. I may be wrong but I think you are very optomistic if you expect to buy a nice 2 bed 60 sqm condo for 1-1.5 million. Would be interested where these can be found.

My electric ranges from 600-1600 pm and water is negligble (less than 100 baht pm if i recall correctly)

[Salapoo]

mine is the same 300baht per square meter. I may be wrong but I think you are very optomistic if you expect to buy a nice 2 bed 60 sqm condo for 1-1.5 million. Would be interested where these can be found.

My electric ranges from 600-1600 pm and water is negligble (less than 100 baht pm if i recall correctly)

There's a few around, if you look. Check out Thai property sites as opposed to ones geared towards Westerners.

Is your electric paid at government rates, or does the management give you a bill with a nice % add on for themselves, as in rented condos? Thanks.

[rayongchelsea]

They maybe utilizing any sinking fund to keep the cam fees lower than they should be.

If you are interested in a specific condo, ask for the financials, should disclose total sq meters and then just divide that figure into the costs in the p/l to give you a guideline.

This is the real wild card when buying a condo..management..can have an enormous impact on the quality, plus type of co- owners is another consideration.

Go visit multiple times, just sit in the lobby and observe..

2 bed in an older building on the outskirts of Bangkok maybe within our budget..

[54321]

mine is the same 300baht per square meter. I may be wrong but I think you are very optomistic if you expect to buy a nice 2 bed 60 sqm condo for 1-1.5 million. Would be interested where these can be found.

My electric ranges from 600-1600 pm and water is negligble (less than 100 baht pm if i recall correctly)

There's a few around, if you look. Check out Thai property sites as opposed to ones geared towards Westerners.

Is your electric paid at government rates, or does the management give you a bill with a nice % add on for themselves, as in rented condos? Thanks.

ok thanks I will have a look. My electric is at government rates, when i rented an apartment the electric was loaded and ranged from 1200-2500, partly because of the higher rate and partly because of the ancient inefficient a/c

[Salapoo]

They maybe utilizing any sinking fund to keep the cam fees lower than they should be.

If you are interested in a specific condo, ask for the financials, should disclose total sq meters and then just divide that figure into the costs in the p/l to give you a guideline.

This is the real wild card when buying a condo..management..can have an enormous impact on the quality, plus type of co- owners is another consideration.

Go visit multiple times, just sit in the lobby and observe..

2 bed in an older building on the outskirts of Bangkok maybe within our budget..

Good idea to just go and sit there a few times.

It's the possibilities of useless/corrupt/mafia management that is a worry in buying such a place.

Outer suburbs of BKK there are plenty around in the price range. There's even a 100sqm 2br in Huay Kwang for 600k. Now that's a doer-upper by the look of it.

Put 200-300k into it though and you could probably double your money selling it on soon enough.