At the top of the list when you consider buying real estate, whether it’s for investment or for your own residence, the features of the property are a priority. Consider the amenities, selling points of what you want to buy, including if it fits all that you want. However, you don’t have to settle only for convenience when choosing properties like houses. This is because there are properties like villas that not only offer convenience, a variety of amenities, and opulence.
Both houses and villas are large properties, perfect for those who want privacy and space in their home. They’re also attractive properties for rent for long term or short term as a vacation house for tourists or locals that want a change of scenery. However, they still have key differences that you need to consider, as you can see below.
House
Settling down and prioritizing privacy are the main selling points of houses. Not only that, the value of a house is guaranteed to appreciate over time, making it a good investment. So whether you sell your home at a later date or not, it will still be a great addition in your investment portfolio.
The main difference of houses from villas is that it emphasises the needs of the homeowner. All the conveniences you’re looking for, from the number of bedrooms, affordability, nearby locations, to the public spaces you can utilise within the community, are met by a house or a townhouse.
Meanwhile for villas, there is an ambience of luxury that it sells more than just convenience. However, this doesn’t mean that houses cannot be grand since it also depends on how it’s decorated or renovated.
If you are looking for houses for sale in Cambodia, Phnom Penh and Siem Reap are good places to start. You would be close to popular attractions in Cambodia like Angkor Wat or the Royal Palace but you’d be close to anything you need.
Villa
Offering luxury and opulence, villas are the ideal properties for vacation homes or even to rent it to the public during the summer since vacation homes are popular to locals than hotels. It is commonly seen in Europe where it first became popular before spreading to other countries like the United States to Asia. Historically speaking, properties that boast of affluence due to its detached and large architectural structure are called villas.
However, modern villas now exist where it doesn’t necessarily have to be a mansion. This can be a detached or semi-detached property within a community. There’s also a Homeowners Association (HOA) that sets the guidelines and the monthly or annual maintenance fees for the upkeep of the neighborhood.
Communities where villas are located can be gated or not, but they often offer recreational amenities like pools, gyms, clubhouses, and courts for basketball, tennis, and more.
Since the definition of what a villa is no longer exclusive to the grand structures, it has undertaken a different look in some countries. In Cambodia, properties that are not shophouses with a small garden are categorized as villas. Although there are villas within the country that resemble old elegance as populated in the Roman Empire where villas originated from.
If you’re looking for a villa for sale or villa for rent, there are numerous options in Phnom Penh and Siem Reap. From luxurious ones that will tickle your fancy to colonial ones, you can take your pick out of the lot. Most of these villas for rent are furnished but if you’re looking for unfurnished ones, some of them are also in the market. To help you search through rental property listings, you can ask your real estate agent or listings from real estate companies like IPS Cambodia.
On another note, if you’re looking for villas for sale to lease or rent it as a vacation home, it’s a great idea. Generally, the rent rates for villas range from $3,500 to $4,500 per square metre. Smaller villas also have higher rent rate per square metre with an average of $13 per sq. m. on say a 150 square metre villa.
Villas in Cambodia have an average of 2.8% to 3.43% rental yield according to a report released by Global Property Guide in October 2020. While good rental yields are often indicated to be 5% to 8%, villas are often higher priced when leased in the market.
Look for the best property for you
Once you’ve determined whether to get a house or villa, you have to look into the market to see which property meets all that you’re looking for. To make it easier for you to find a villa for sale or rent in Phnom Penh, Siem Reap, or other surrounding areas, you can check out IPS Cambodia. There are listings for the best properties, complete with features, and amenities.
Start inquiring now to find your dream house or villa!
KH