Condo & Borey: Which is Best for Your Lifestyle?

When it comes to buying a property in Cambodia, there are many options to consider, from apartments and shophouses to condos and boreys.

Each has its own unique value, so it's important to weigh your options carefully before making a decision.

In this article, we will explore the pros and cons of condo vs borey.

What is a condo, and what is a borey?

Condos and Boreys are popular choices in Cambodia, but what exactly are they?

A condo is a type of property where you own the unit itself, but not the land it sits on.

Borey, on the other hand, is a gated community consisting of multiple houses that are typically built on their own plots of land.

So, which one is better for you? Let's take a closer look at some of the pros and cons of each.

Condo

Pros:

• Amenities: One of the biggest advantages of a condo is that they often come with a range of amenities such as a gym, swimming pool, and communal areas. This means you have access to all of these facilities without having to maintain them yourself.
• Security:  A condo often has security measures in place such as gated entrances and 24-hour security personnel.
• Low Maintenance: With a condo, you don't have to worry about maintaining the exterior of the building, the common areas, or the landscaping. This is taken care of by the property management team.
• Condominium buildings are often built in areas close to groceries, parks, restaurants, and other amenities.

Cons:

• Association Fees: While the amenities and maintenance may be convenient, you'll have to pay monthly association fees to cover the cost of these services.
• Limited Privacy: Living in a condo means that you're near your neighbours, so you may have to sacrifice some privacy.
• Restrictions: Condo owners often have to abide by certain rules and regulations set by the management team or homeowners' association.

Borey

Pros:

• More Privacy: With a borey, you have your own house and plot of land, which provides more privacy than a condo.
• Customisation: You have more freedom to customise your home in a borey, from the layout to the decor.
• Potential for Appreciation: As the land that a borey sits on appreciates, the value of your home may also increase.
• It typically has its own infrastructure and services including roads, water, electricity, and waste management.

Cons:

• Maintenance: Unlike a condo, you're responsible for maintaining the exterior of your home and the surrounding landscaping.
• Limited Amenities: Borey typically does not come with the same range of amenities as a condo, so you may have to source these yourself.
• Borey in Cambodia is usually located in off-central locations.

So, which option is better for you? Ask yourself the following questions:

1. What is your lifestyle like?
2. What is your budget?
3. What are your long-term goals?

Are you looking for convenience, low maintenance, and a range of amenities? If so, a condo may be the better choice for you.

Do you value privacy, customisation, and the potential for appreciation? If yes, then a borey may be the way to go.

In general, a borey is ideal for families, on the other hand, a condo may suit individuals or couples.

You may visit realestate.com.kh, which collaborates with all the licensed developers operating in the market to find your desired condominiums and boreys in Cambodia.

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