Category: Real Estate

In Spite Of Some Unfavorable Events, Interest On Thai Property Has Not Diminished

Thailand is a very beautiful country with a favorable climate in Southeast Asia that is why many foreigners are interested in buying a home for retirement, a second home for vacation or a property investment. Recently, some news events have temporarily diminished the interest on property investment but it was temporary because people have realized that trouble occurs everywhere.

The most important thing for property buyers not only in Thailand but other parts of the world is to understand the legal system of the country. For example, in Thailand, foreigners can buy condos and buildings but not land. It is easy to avoid the pitfalls in property ownership by consulting with a local lawyer who knows the legal processes in negotiating a legal contract.

While there are also legal restrictions on the percentage with which foreigners can acquire condominiums and apartments, the process of ownership is less troublesome than that of land. The local lawyer will navigate through all the regulations and restrictions to ensure a smooth process of property investment.

It is common for property buyers to go directly to the seller of a home. This is particularly true when you are investing in your country but not when you are buying a second home in a foreign country like Thailand. A real estate agent will help you save time, money and efforts because they know the property values, the properties that are available in the market and the most favorable locations for a second home.

Before you search for a local lawyer or a real estate agent to work with, do your own homework. Search for properties that are for sale in peaceful neighborhoods. Remember that Thailand is a very popular tourist destination and you might not appreciate the noise and revelry from numerous bars and clubs not unless your idea of an investment is for tourist rental.

Koh Samui Real Estate Agent has been involved in numerous property transactions and can advise you on all the aspects of property investment. You can take advantage of their knowledge of financing options, leasehold structures and tax optimization so that the transaction will run as smoothly as possible to your best advantage.

When To Buy Condos For Sale

Condo units are one of the most convenient ways of living in this modern world. This is one of the reasons why you will find a lot of condos for sale Bangkok over the internet or even among local real estate agents. Having your very own condo unit is a common dream but not everyone is ready to have one. To help you determine if now is the right time for you to own a condo unit take a look at these checklist.

Financial preparedness. Paying for the condo unit itself does not end your financial responsibilities. As a matter of fact, you will continually pay for fees while you are a resident of the building. There are maintenance and utility fees paid equally by all co-owners. Aside from that, condo units can be quite pricey although there are factors that would generally determine its price. These factors include its location, facilities, condition and brand, among others. If you are ready to take all these financial responsibilities, then by all means, buy one of those condos for sale Bangkok.

Change of social status. Another common reason for buying a condo unit is due to some changes in your social status. For instance, newlyweds would find a new home to move in to and condo units are ideal for such situations. Considering that newly married couples do not have children yet, the limited space of condo units is suitable for small or budding families. Those who want to have a place of their own such as working young individuals who are looking for a place to call their own can opt for condo units with its modern features that suits a professional starting with their careers.

Long-term temporary stay. Condo units are not suitable for long term stay especially when family is growing or when you want somewhere laid-back and traditional. Those condos for sale Bangkok are ideal for professionals working in a foreign country or are looking for a residence while working yet plans to move to a province or a beach house in the later part of their lives.

 

Why It’s Better To Own Property Rather Than Renting It

Many people have dreamt of owning their own homes but when they are given the opportunity to do so, there are quite a lot who would still choose to rent. But you should know that paying monthly rent can become quite a burden especially if you have regular income. For this reason, it would be better to own a house instead.

Mostly, the decision to own a house is driven by emotions and persuasion from family and friends. However, if you do feel the need to find reasons why you should own property instead of renting, here are some of them.

  1. Emotional Satisfaction and Stability. Emotions play a great role in the foundation of a home. You can’t really consider a house ‘home’ if your emotions aren’t tied to it. By owning your own house, you would be able to root your emotions into your house and therefore make it your home. People who rent often feel shiftless, like they are wanderers. With homeownership however, you would feel more rooted.
  2. Financial Stability. The problem with rent is that not only can it become burdensome, but as the years turn, rent would only seem to increase and in the long run, that can be considered wasteful. Wit homeownership, as long as you have a fixed-rate mortgage, you are guaranteed to get a fixed mortgage rate for most of your loan life.
  3. With rent, you may never be given complete privacy as the owners would still feel entitled to check up on you and their property. Owning your own house, however, can give you all the privacy that you need.
  4. Homeownership provides you the opportunity to get your money back by building equity. With every payment you make, you are building equity. It is a general rule that if you stay in your property for over five to seven years, the costs of acquiring the property may have already been offset equity and the increased housing value.
  5. Greater Control. If you buy a Pattaya house for sale, you are guaranteed great control over the house. You can decorate it in the way you want, add improvements and even sell it when the time comes.

Cut Down On Your Bathroom Renovation Costs With These Easy Tips

There are many benefits bathroom renovations can give. First of all, as you renovate your bathroom, you also add more value to your house. It also helps that the bathroom plays a rather large role in a property’s value. Also, by renovating your bathroom, you’ll be providing you and your family members a new and improved bathroom experience.

During the first stages of your planning, you are probably thinking about all the fancy tiles, the European hardware, or even the expansive skylights that you are planning to put in your bathroom. However, these fantasies can all change once you get a glimpse of the price it would take to have such luxuries. But don’t you feel discouraged just yet. You can still get the bathroom of your dreams even while cutting down on your renovation costs. Here’s how.

  1. Do your own demo. When you plan to install a new mosaic tiled shower stall, what you should first do is tear apart the existing fixtures. To do this, you could call a professional who specializes in certain types of demolition projects. But doing so would also quite an amount of money. To cut down on the costs, why not conduct the demolition yourself? You can use the money intended for the professional for other more important uses. However, just because you are going DIY doesn’t mean that you should not pay attention to planning. You should still effectively consider how you are going to tear apart the fixtures and what tools will be needed.
  2. Visit recycling centers. Before you go shopping for the things you plan to put in your bathroom, what you should do first is to visit well-known resources for recyclable fixtures and building materials. Though the fixtures there would have been lightly used, it would still cost considerably less than the brand new fixtures you were planning to buy.
  3. Go for lights and not windows. Adding windows can increase your costs. But if you truly want to add more brightness to your bathroom, why not add lights instead? You’ll be able to save a lot by doing so.

Go online. The best place to look for fixture is online. With online stores such as Bathrooms and More Store, you’d be able to find high quality fixtures at an affordable price.

Looking For A Real Estate Agent? Watch Out For These Red Flags

Real estate agents play an important role in both the selling and buying process. They are the ones you can turn to if you want to sell your house and if you are looking for one, they will also help you find a house that would meet all your needs. Unfortunately, good real estate agents are hard to come by. You would find a number of agents in your search but agents who are truly capable and trustworthy are pretty rare.

When you are out looking for an agent, it is always important that you have a critical mind. This is because you would not only be placing your trust on these agents; you would also be placing an important investment in their hands. But how would you know if an agent is capable or not? What type of agents do you need to avoid?

Here are some red flags that tell you to avoid an agent.

  • If you are selling your house and the agent advises you the highest price for your home, then you should avoid this agent. Remember, if your price is too high on the market, people might not even look at it. What you can do is to approach three different agents and ask their opinion about your house’s price. They should at least come close to each other.
  • He is a part time agent only. If this is the case, then you better drop him. You need someone who will dedicate his time helping you, someone who doesn’t make you have to wait.
  • If the agent does not have good knowledge of the neighborhood you want to move into, then you should not hire him because as locations change, even by a single block, the price can also change and he might not know this.
  • If the agent charges a lower than average commission, he would most likely not do an efficient job.
  • If the agent is a poor negotiator, or if he can’t keep up with all the financial details, you should drop him because he would do you no help.
  • If the agent does not specialize on the type of Hua Hin real estate you are selling or buying, you should not hire him because you would need someone who can provide you with maximum service and knowledge.

This Months Top Tips Video

 

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