Secrets To Buying Thailand Condominiums

One interrogate we are enduringly asked is if you have to acquire permission from the government before purchasing property. To buy a condo or apartment in Thailand is very easy if you're a non-Thai. Most projects have a 51%-49% rights rule. If the construction is over 51% Thai owned, a foreigner can purchase and own the condo or apartment freehold. If not, you must purchase the apartment as a 30 year lease. Check with the local land office before you purchase if you are unsure about the title deed.

Buying direct from the developer has several advantages: you will get to see a range of properties in Thailand that suit your requirements; you have the advantage of many years experience, as well as a English speaking office to retain you in your home country; it may help eliminate any possible misunderstandings; and it helps takes away the stress related with purchasing in Thailand or abroad.

Go To Thailand

Transactions and payments are simply made by wiring from you home bank account. It's always great to let the Thai banks turn your money in Thailand then to let you home bank to turn it to Baht before you wire. This tip along can save you thousands of dollars when you go to wire a large amount. Some developers can "lock in" a rate for you before you wire. Make sure you can spin with your agent by Msn chat, Skype or text message in case you have any last petite questions while at the bank.

Secrets To Buying Thailand Condominiums

The Thai currency principles is based on the decimal system. One That Baht is divided into 100 satangs. Coins range in value from ten baht to 25 satangs and six bank notes are in circulation: 10, 20, 50,100,500 and 1000. always keep lots of small bills as it's a big jump in the middle of 100 baht and 500 or a 1000. Most road vendors and taxis can't make turn for 1000 baht.

Go To Thailand

Personal effects, household goods and furniture may be imported duty free. There is very high duty on importing a car. I believe with the hassle of dealing with Thai customs it's great to buy what you need inside of Thailand and leave most of your personal effects at home.

Find out monthly secrets to Buying in Thailand apartments and properties. Subscribe to our monthly newsletter and get free tips and tricks of the trade. Some tips alone can save you thousands of dollars on your purchase.

Secrets To Buying Thailand Condominiums

significant Tips to Buying a Home in Thailand Part 2

The best episode I learned about buying a home in Thailand is that it precisely pays big time to think through exactly what you're doing before you go do it. This may sound base sense, but believe me, it's easy to get big headed about spending a lot of money in Thailand - especially when you have a great earnings from a western country!

It's easy to get ambitious when your dollar is worth many times the Thai baht! Overnight you're a millionaire (in Thailand at least), and you can build a huge home with no expenses spared, using all the best materials money can buy. But wait a second - before you go do it, here's a few things to keep in mind...

Go To Thailand

The first thing is that you should be careful about over-spending, and keep to some sort of budget. Sometimes materials and prices of things (builders, carpenters, wall tiles, cement and furnishings for example) can fluctuate wildly. One day you're paying 0 for those beautiful doors, and tomorrow you're charged 0 for the same thing. Ouch. You ordered, they delivered.

significant Tips to Buying a Home in Thailand Part 2

The other thing that can catch you out is falling into the trap of impressing everybody colse to you with your wealth, and beautiful new home. Sometimes it's good to stick to the budget, and just build your home to lockup stage - and do the interior essentials (like painting and furniture buying, and that vital hot tub) down the track a little, or at a later date.

Go To Thailand

Ultimately it's good to get the home completed (albeit in a uncomplicated style), so at least you can move in and start living the great Thai life, rather than stressing out over construction and material costs because you blew out your budget. The point is to crunch your numbers carefully. Don't be tempted by the emotional 'got to have the best home in the street' side of things and you'll do well with your new Thai home!

significant Tips to Buying a Home in Thailand Part 2