Real Estate in Kampong Thom, Cambodia
Last updated on Nov 17, 2024
Summary: Expats and retirees talk about real estate in Kampong Thom, Cambodia? How do you find a home in Kampong Thom? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Kampong Thom?
"A typical expat home or apartment in Kampong Thom, is often a blend of traditional Khmer architecture and modern amenities. The homes are usually spacious, with multiple bedrooms and bathrooms, a large living area, and a fully equipped kitchen. They often feature high ceilings and tiled floors, which help keep the home cool in the hot Cambodian climate. Many homes also have a balcony or a small garden area, providing a space for outdoor relaxation. The homes are usually furnished, with comfortable sofas, dining tables, beds, and wardrobes. Modern amenities such as air conditioning, Wi-Fi, and cable TV are typically included. The kitchen is usually equipped with a refrigerator, a gas stove, and sometimes a microwave or an oven. The homes are often located in safe, quiet neighborhoods, close to local markets, restaurants, and other amenities. Some expat homes may be located within gated communities, offering additional security. Despite being in a relatively rural province, many homes in Kampong Thom are surprisingly modern and comfortable, catering to the needs of expats. However, it's important to note that the standard of living can vary greatly depending on the specific location and budget. Some expats may choose to live in more modest accommodations, such as traditional wooden houses, while others may opt for more luxurious villas or apartments," remarked one member in Kampong Thom.
What is the average cost of housing in Kampong Thom?
If you are thinking about moving to Kampong Thom, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Kampong Thom can vary greatly depending on the type and location of the property. However, it is generally considered to be quite affordable compared to many Western countries. For instance, a modest house in the city center may cost a few hundred dollars per month to rent, while purchasing a property could range from a few tens of thousands to over a hundred thousand dollars. It's important to note that these prices can fluctuate based on various factors such as market conditions, the state of the property, and its proximity to amenities," explained one expat living in Kampong Thom, Cambodia.
Should I buy or rent a home in Kampong Thom?
If you have not spent a lot of time in Kampong Thom, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Kampong Thom, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kampong Thom for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, renting a home in Kampong Thom might be a better option if you're not planning to stay for a long time. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you won't have to worry about maintenance costs or property taxes, which are responsibilities of the landlord. It's also important to consider the real estate market in Kampong Thom. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are low or falling, it might be better to rent until the market improves. Lastly, consider your financial situation. Buying a home requires a significant upfront cost, including a down payment and closing costs. If you don't have enough savings, renting might be a more feasible option. However, if you can afford the upfront costs and the ongoing costs of homeownership, buying a home could be a good financial decision. In conclusion, whether you should buy or rent a home in Kampong Thom, Cambodia, depends on your long-term plans, the real estate market, and your financial situation. It's a decision that requires careful consideration and planning," said one expat in Kampong Thom.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.