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Buying Property in Hua Hin Thailand





Based on my own experience of living and operating an Real Estate Agency in Hua Hin for nearly 5 years; and having built my own house and many others for our clients, if I had to do it all over again, I would most likely recommend my clients to buy a condo over a house. Why you may ask?

For one, almost all projects I hear about have some sort of problem along the way i.e. building standard is too low, workers need more training, the builder is late in delivering promised results, only 1 month guarantee on construction, and many more.

But before I present my obviously biased opinion, let's look at the Pros and Cons of buying a house vs condo.

House:

Pros: - Larger Living space - Private Garden - Pets allowed - Easier to do Renovations

Cons: - More remote location - Can feel less spacious - Difficulties in transportation - Slower Re-sale

Condominium:

Pros: - Likely to be more centrally located - Can be more spacious even with smaller total area - Better Security - Easier Re-sale

Cons: - No private land or garden - No private car port - Possibly noisier - Actual living space smaller - No pets - Restrictions in Renovations

The main obstacle for many foreign buyers is the language barrier. When you buy a house you are really on your own unless you have a Thai wife or girlfriend who can do some translation for you and even then it can be a hurdle to be understood. The majority of condominiums have staff who can speak enough English and many of the routine tasks associated with a home are the responsibility of the Juristic Person.

If you are planning to buy a house and only live in Thailand part of the year, you will need to find a property management company to take care of your garden, pool, pay bills, cleaning and possibly to rent it out. This is a higher cost vs maintaining a condo.

If you are looking to get a return on your investment quickly, condos are much more easily rented out simply because of the location, support staff in place, security, and low maintenance costs.

Lastly, the main reason I highly recommend buying a freehold condominium in Hua Hin is simply, a foreigner can legally own it 100% vs a house which a foreigner can only lease the land for 30 years on which the house is built on. I don't know about you but when I spend a couple of million baht on a property, I want it to be mine for a much longer time than 60 years!


About Author Maddy Barber :

Maddy Barber runs Bangkok (Home) Finder, Bangkok's leading rental agency which recently opened it's real estate branch in Hua Hin, Thailand. Search properties for sale and rent in Hua Hin at <a href="http://www.huahinfinder.com" target="_blank">http://www.huahinfinder.com</a>


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Article Added on Thursday, May 15, 2008
LD
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