The objective of this research is to compare the buying decision behavior for residential real estate on different age groups and study the factors that affects the budgeting for residential real estate purchases. The questionnaire is the main instrument for collecting data in survey research and the sample consisted of 400 people. The results of the research revealed that the majority in the samples is female and have a single status with 1 or 2 members in the family. Most of them are employees of private company with a bachelor’s degree and the monthly income of respondents is less than or equal to 40,000 baht.
In doing is, young adults or young people aged 20-40 years interested in buying condominiums with 1 bedroom less than 30 square meters in size that are fully furnished and ready to move in with fitness. Moreover, they access real estate projects from social media channels and study the details of real estate via the website of the project. At the same time, they take 4-6 months to make a purchase decision for real estate as a primary residence. Parents / siblings / relatives influence the purchase decision and the use a budget of around 1,000,000 - 2,000,000 baht.
As for the middle-aged or middle-aged age groups, aged 41-60 years are interested in buying a
detached house with 3 bedrooms and 31 - 90 square meters of living space that are fully furnished and ready to move in with fitness and park. they access real estate projects from internet and website channels and study the details of real estate via the website of the project. They take 7-12 months to make a purchase decision for real estate. Nevertheless, Couple / Husband / Wife Influence the decision of buyer and most of them will buy real estate with a budget of 3,000,000 - 4,000,000 baht and study the details of real estate via the website of the project. They take 7-12 months to make a purchase decision for real estate.
Late adulthood or elderly Ages over 61 are interested in buying condominiums with 1 bedroom and 31 - 90 square meters of living space that are fully furnished and ready to move in with fitness and swimming pool. The know the project from the trade show booth and study the details of real estate from salespeople. They take 4-6 months to make a purchase decision for real estate. Couple / Husband / Wife Influence the decision of buyer and most of them will buy real estate with a budget of 3,000,000 - 4,000,000 baht for investment or speculation
The research shows that monthly income, location, size of usable area, full furnishing, facilities and parks affect the decision to buy a detached house while swimming pools affect the budgeting to buy townhouses. Finally, monthly income, size of usable area, facilities and parks affect the decision to buy condominium.