Housing

[maleman53 3]

In November i plan to look for a house for me and my Thai Wife of 5 years. I plan on 3 Million Bth and below. Would like to know what cost other than the house will i accure in the process. I am looking for a single level, furnished, pool if i could find, 3 bedroom, and in a rural area, any advice???

[Parkwahn 61]

  On 7/28/2011 at 11:52 AM, maleman53 said:

In November i plan to look for a house for me and my Thai Wife of 5 years. I plan on 3 Million Bth and below. Would like to know what cost other than the house will i accure in the process. I am looking for a single level, furnished, pool if i could find, 3 bedroom, and in a rural area, any advice???

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There is a purchase tax, not sure what it is in a Thai name but for farang it went up June 2010 to 5% I think...

 

For 3 million you will get a decent place , if you are thinking of futher out of pattaya say Issan you will get somewhere very nice.

 

Good luck

[bigmick 840]

  On 7/28/2011 at 11:53 PM, Parkwahn said:

There is a purchase tax, not sure what it is in a Thai name but for farang it went up June 2010 to 5% I think...

 

For 3 million you will get a decent place , if you are thinking of futher out of pattaya say Issan you will get somewhere very nice.

 

Good luck

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If your house is on a development you will have management fees etc , so ask first what they are per month, then just budget the electric,water, internet etc

[jacko 8,932]

Have you considered first how you will go about the 'ownership'?

 

It can all be in wife's name.

Land in wife's name with a 30yr lease to you.

All owned in a shell company name.

Usufruct.

 

This will impact on extras/taxes etc.

[BigDUSA 71]

Why buy when there are so many quality homes available to rent?

[jacko 8,932]

  On 7/29/2011 at 2:41 PM, BigDUSA said:

Why buy when there are so many quality homes available to rent?

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Why pay someone else's mortgage.

You could be talking 1/4 million baht/year rent that could be benefitting from an increase in value.

 

A single guy or an unmarried couple, yeah, start off renting, but OP has been married 5 years.

 

I am inclined to think prices will boom in Pattaya ($ terms)in the next decade (politics aside), condos have even been given a boost with Russians in the market.

[Parkwahn 61]

  On 7/29/2011 at 1:54 AM, bigmick said:

If your house is on a development you will have management fees etc , so ask first what they are per month, then just budget the electric,water, internet etc

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Whether you buy or rent you will have water and electric costs Internet costs also but the landlord may pay that and add it to rent.

[Parkwahn 61]

  On 7/29/2011 at 11:33 PM, jacko said:

Why pay someone else's mortgage.

You could be talking 1/4 million baht/year rent that could be benefitting from an increase in value.

 

A single guy or an unmarried couple, yeah, start off renting, but OP has been married 5 years.

 

I am inclined to think prices will boom in Pattaya ($ terms)in the next decade (politics aside), condos have even been given a boost with Russians in the market.

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Thats what many people cant see, rather odd IMHO paying 20k a month or more in rent.

 

A few years roll by and you have done a million in rent ?

 

But you hear political situation blah blah blah...

[chris2004 67]

  On 7/30/2011 at 12:44 AM, Parkwahn said:

 

Thats what many people cant see, rather odd IMHO paying 20k a month or more in rent.

 

A few years roll by and you have done a million in rent ?

 

But you hear political situation blah blah blah...

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I agree i've had my condo now for 5 years. If i had rented i would have paid 50% of the cost already in rent and own nothing. If you are here long time you really should buy. Plus if you have a thai wife isn't it sensible to provide for her when you kick the bucket.

[Parkwahn 61]

  On 8/2/2011 at 5:25 AM, chris2004 said:

I agree i've had my condo now for 5 years. If i had rented i would have paid 50% of the cost already in rent and own nothing. If you are here long time you really should buy. Plus if you have a thai wife isn't it sensible to provide for her when you kick the bucket.

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Fair comment, how I see it.

[jacko 8,932]

  On 8/2/2011 at 5:25 AM, chris2004 said:

I agree i've had my condo now for 5 years. If i had rented i would have paid 50% of the cost already in rent and own nothing. If you are here long time you really should buy. Plus if you have a thai wife isn't it sensible to provide for her when you kick the bucket.

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Yes, you have to take the risk of her kicking you out prior to you kicking the bucket. But it is a tragedy to go and leave a good wife behind without some support. Edited August 2, 2011 by jacko

[CheshireTom 1,377]

  On 7/30/2011 at 12:44 AM, Parkwahn said:

 

Thats what many people cant see, rather odd IMHO paying 20k a month or more in rent.

 

A few years roll by and you have done a million in rent ?

 

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However, for various reasons, there are lots of good quality properties (as described by the OP, except maybe for the pool!) available for an annual rent of between 3-4% of cost. I was paying 10k Baht/pm for a good quality 3 bed/3 bath house that cost 3.6m Baht new.

 

  Quote

But you hear political situation blah blah blah...

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And why not? It's a perfectly valid consideration.

[Parkwahn 61]

  On 8/3/2011 at 2:00 AM, CheshireTom said:

However, for various reasons, there are lots of good quality properties (as described by the OP, except maybe for the pool!) available for an annual rent of between 3-4% of cost. I was paying 10k Baht/pm for a good quality 3 bed/3 bath house that cost 3.6m Baht new.

 

 

 

And why not? It's a perfectly valid consideration.

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I have not seen any places for rent of 3 to 4% I have seen 8 to 9%

 

yours was 3.3% good luck and at that price its a fair deal, I have not seen anything like that though

 

 

I know guys whohave lived here 8 or 9 years stil paying rent, they would have trebled their asste value and had no rent to pay going forward.

 

But each to their own, there are buyers and renters none are wrong people make a call

Edited August 3, 2011 by Parkwahn

[CheshireTom 1,377]

  On 8/3/2011 at 2:17 AM, Parkwahn said:

I have not seen any places for rent of 3 to 4% I have seen 8 to 9%

 

yours was 3.3% good luck and at that price its a fair deal, I have not seen anything like that though

 

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I wrote about the place (and posted pics) a while back.

 

House for 10k a month

[Parkwahn 61]

  On 8/3/2011 at 2:24 AM, CheshireTom said:

I wrote about the place (and posted pics) a while back.

 

House for 10k a month

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Nice place, apologies I misconstrued my figures were relating to Pattaya rather than ooop norf as it were.

 

At that price no issue renting

[CheshireTom 1,377]

  On 8/3/2011 at 2:29 AM, Parkwahn said:

Nice place, apologies I misconstrued my figures were relating to Pattaya rather than ooop norf as it were.

 

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Way dann saff, actually. I think DrMick's place up in Khon Kaen is around 10k a month as well.

[Parkwahn 61]

  On 8/3/2011 at 2:32 AM, CheshireTom said:

Way dann saff, actually. I think DrMick's place up in Khon Kaen is around 10k a month as well.

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Norf saff its all boonies to me, I would neve live in those places but each to their own :)