Real Estate in Kampong Cham, Cambodia
Last updated on Nov 11, 2024
Summary: Expats and retirees talk about real estate in Kampong Cham, Cambodia? How do you find a home in Kampong Cham? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Kampong Cham?
"A typical expat home or apartment in Kampong Cham, is often a blend of traditional Khmer architecture and modern amenities. These homes are usually spacious, with multiple bedrooms and bathrooms, a living area, and a kitchen. The interiors are often furnished with a mix of local and western-style furniture, with air conditioning units installed in the living areas and bedrooms for comfort during the hot seasons. The kitchen is typically equipped with modern appliances such as a refrigerator, a gas stove, and sometimes even a dishwasher. The bathrooms usually have western-style fixtures, including a shower, a sink, and a toilet. Some homes may also have a separate laundry area with a washing machine. Many expat homes in Kampong Cham also feature outdoor spaces like a garden, a patio, or a balcony, offering a place to relax and enjoy the tropical climate. Some larger homes may even have a private swimming pool. Security is often a priority in these homes, with many having gated entrances, security cameras, and sometimes even a security guard. Despite being equipped with modern amenities, these homes often retain elements of traditional Khmer architecture, such as high ceilings, wooden floors, and intricate carvings. The location of these homes can vary, with some located in the bustling city center close to markets, restaurants, and schools, while others are situated in quieter, more residential areas. Regardless of the location, most expat homes in Kampong Cham offer a comfortable and convenient living environment that caters to the needs of foreigners living in Cambodia," remarked one foreigner who made the move to Kampong Cham.
What is the average cost of housing in Kampong Cham?
If you are thinking about moving to Kampong Cham, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Kampong Cham can vary greatly depending on the type and size 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 can be rented for a relatively low monthly rate. If you're looking to buy, prices for houses can also be quite reasonable. However, it's important to note that prices can fluctuate and may be influenced by factors such as location, proximity to amenities, and the overall condition of the property," said one person in Kampong Cham.
Should I buy or rent a home in Kampong Cham?
If you have not spent a lot of time in Kampong Cham, 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 Cham, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kampong Cham 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, if you're unsure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting offers more flexibility and less responsibility for maintenance and repairs. It also requires less upfront capital than buying a home. It's also important to consider the local real estate market in Kampong Cham. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are low or stagnant, renting might be more cost-effective. 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 mortgage payments, buying a home could be a good long-term investment. In conclusion, the decision to buy or rent a home in Kampong Cham, Cambodia, depends on your personal circumstances, financial situation, and long-term plans. It's important to carefully consider all these factors before making a decision," explained one person living in Kampong Cham, Cambodia.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
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