Eco Real Estate

Funding a house can appear really simple. You get a mortgage, move into your household so you pay off the mortgage slowly over the years to come. Sad to say, it’s just not that easy if you opt to buy a property or home on Koh Samui. Many sellers require the actual amount to be paid in cash which makes it much harder to use your home and a collateral.

To add to that it’s extremely difficult for foreigners to have sole possession and ownership regarding your real-estate in Thailand, along with this you’ll likely know that to obtain or maybe rent property in this Thailand its much more different than other countries.

On account of these issues, many people which decide to purchase property on Koh Samui need to employ creative strategies to fund his or her purchase. Listed below are seven ways to fund your Koh Samui property:

Apply for a Loan

If you have any Thai companion by way of a business contract or even matrimony, they’ll manage to get a home finance loan straight through a standard bank within Thailand. Foregin customers, unfortunately, aren’t able to apply alone. However if you have someone close who has Thai citizenship (Spouse, for example), nearly all banks will enable you to apply together. This can make it easier to have a bank loan.

Obviously, if you want to possess fewer contact with mortgage rates throughout Thailand, you may get a mortgage from a smaller vender, as opposed to buying the home out right.

How Long have you Resided in Thailand?

A number of banks offer home mortgages for residents who have resided in Thailand for a number of years. The requirements are extremely strict towards professional expatriates who are living and working in Thailand.

In order to qualify, you must have a Thai residency permit or a lasting work permit. Your employer needs to provide a letter with your work history and your employment details (including your own salary). You need to furthermore verify your own income by providing bank statements. In order to qualify, your pay has to be, with minimum, three times the regular monthly mortgage payments.

Many people who want to live in Koh Samui do not meet these requirements, so unfortunately they have to look elsewhere for money.

Get financing from Overseas

Bangkok banks recently started to provide financial loans to foreigners whom planned to acquire property within Thailand. Even so, these are not really offered within Thailand, nevertheless within the bank’s Singapore branch. This is an approach to dress Thai loaning legislation, nevertheless enabling the client to utilize the property as collateral.

United Overseas Bank also based in Singapore has a similar program. On the other hand they’re able to process the loan application remotely while you’re in Thailand. However because of this the mortgage loan and your home’s identity will be held in Singapore, however you’ll not have to leave Thailand to get the loan.

A Loan in your Home Country

This strategy is true to individuals who currently have a home in their home nation and who are wanting to acquire a house in Koh Samui for holidays. These kind of buyers can easily submit applications for loans in their home countries, stopping these people from having to deal with Thailand’s banking companies.

The longer that you have owned your home, the higher the amount you’ll likely be able to qualify for. Obviously the condition on this agreement is actually that if you default on the repayments, you could loose your existing home. That said, that is perhaps essentially the most hassle-free alternative, given that you’re likely familiar with the banking polices in your country, along as you make your repayments promptly, you will have simply no issues.

Sell Your Home

In case you’re relocating to Koh Samui permanently, your best solution is to sell your existing home and use the profits to buy property in Thailand. A number of things will make this strategy some what safer when compared with getting a home or bank loan.

First, you’ll restrict your current liability by means of paying off your current mortgage. Secondly you can build a financial safety net by purchasing a house on Koh Samui that’s more cost-effective than before and cheaper than the overall profit you realized when you sold your house. However possessing this extra cash in the bank can provide versatility if you decide to relocate back to your home country. As long as you sell your Koh Samui home for as much as you purchased it for, you can return home and buy a house that’s exactly like the one you had before.

Developers Loan

There are several developers on Koh Samui that will compliment oversea buyers which are more than likely to present short-term financial loans to those who wish to purchase Property. Usually, these kinds of financial loans possess terms which are less than 10 years, although rates of interest are usually in excess of (around 7% or maybe 8% upon average). Large down payments are usually needed for this kind of mortgage.

This is a great method for individuals that are usually acquiring homes in Koh Samui with intent to lease them out to cover the cost of their loan..

Renting your old Property

Whatever loan you may have renting out your property can help earn enough income to help pay your loan payments. After that once the loan is re payed, you’ll generate a nice little income through leasing out your property.

This kind of set up can help several kind of potential buyers. In case you’re staying in your Koh Samui property, you can possibly just rent it out while you’re not there. Or in case you wish to retire from work and relocate to Koh Samui, plan in advance you can use this same strategy while your loan is being repaid. Then once you’re debt free, you can stop letting your house and reside in Thailand mortgage free.

Regardless of what method you choose, you need a trustworthy source in Koh Samui. Real estate organizations similar to Eco Real Estate can provide all the services that you need, as they have got experienced providers that will obtain the best financing strategies for your circumstances. They could also help connect you to a property management team, allowing you to generate income and also construct equity through renting out your property while you benefit from the comforts and also satisfaction of Koh Samui.

Then chances that you were enthusiastic when you relocated into your Koh Samui home, or perhaps when you initially found property for you. That pleasure can certainly fade as time passes, yet brand new upgrades may bring it back again. when looking at enhancements, many people imagine; a pool, a paving-stone outdoor patio or possibly a brand new lawn or even a cabana.

Although smaller upgrades may be as exciting. For example, if you add a canopy over your balcony or porch, you are able to sit outdoors even when it’s raining or maybe in the event of the sun being extremely hot. Even the addition of gaming equipment or a simple counter top can bring new excitement to your home.

Need some inspiration or ideas for these kind of changes, Large or Small? Listed below are upgrades or renovations that you can add to your Koh Samui home:

A Swimming Pool

Whilst it’s true a large number of homes in Koh Samui currently have a swimming pool, you can go much further than just a standard design and style. Think about a infinity pool that overlooks the sea or even a raised swimming pool with a small feature in the center?

A Plunge Pool

Perhaps you don’t accommodate the space for a full-sized swimming pool or perhaps feel that people wouldn’t use it enough to accommodate the cost. A small plunge pool in the garden or perhaps in the corner of the terrace could offer you a place to take a quick dip on a scorching day along with a cocktail or a cold drink.

Custom Countertops

Numerous Koh Samui Developments come with high-end countertops pre-installed, if your home is lacking this attribute, adding these individuals is a minimal restoration which could substantially enhance the interior of your home. Be aware, however, the cost of certain counterdrops depends on the type of material used. Before changing anything gather quotes from several possible vendors before committing to new countertops for your kitchen.

A Jacuzzi

Thanks to Koh Samui’s exotic weather, you’ll never need in to install a hot tub in your home. However a jacuzzi or jet-tub is most likely the ideal addition. Most of these tubs can bring an expression of relaxation and add an addition of comfort and relaxation.

A Rooftop Patio

This particular upgrade is perfect if you want to follow the philosophy, “the higher you go, the greater the views. ” Use the uppermost levels of your home to provide a seating area or even a little bar. Should you reside in a property with a limited amount of space, a small rooftop patio or garden could give you easy access to the outdoors or a small place to relax.

A Game Room

Your home isn’t simply a spot to eat and sleep– you can make it a place to play and enjoy as well. Game rooms are usually entirely personalized. Perhaps you’re a pool shark, or perhaps you want to get back to your college or university days when ping pong and football took up all your free time. As long as you accommodate free space, these are fairy cheap and enjoyable additions to have.

A Flower Garden

This is another affordable and flexible addition to brighten up your home. Koh Samui houses many qualified gardeners and landscapers who can plant and usually tend whatever local species you wish. You’ll be able to choose which ever plants or species you wish for, to make your garden and home very unique and diverse.

Trees

One more landscaping option to consider is planting additional trees like shrubs which provide a stunning aesthetic, in addition they provide plenty of colour. Trees are able to keep sunlight away from terrace and pools, so it provides protection from sunstroke and sunburn.

A Bar

Something different to add to your home to bring fun into your home is to construct a bar. You can easily mirror your favourite bar or restaurant, or something that fits in with your home decor. A luxury bar could prove a hit with your family and friends. Or if you don’t wish to venture to this extreme, you can create a simple bar with a few chairs. All of these will create a more fun and loving atmosphere.

A Balcony

Probably, one of the main reasons you purchased a home in Koh Samui is because you fell in love with the tropical island and its weather. If your house doesn’t have a sun terrace or a balcony, a new patio is most likely a great addition as it will allow you to spend more time outdoors.

Even if you currently have some sort of patio or maybe a veranda, creating another one next to your master suite is a brilliant idea. What could be better than getting out of bed and walking straight outside for your morning coffee. or sipping a cocktail in your pajamas before going to bed?

A Media Room

You almost certainly have a tv in your house in Koh Samui, however think about creating a room that’s  sole purpose is for providing enetertainment. You can merge this idea along with the “game room” concept. A television, game consoles, sofas and a sound system can sit in one corner, while your table games occupy the other side of the room.

A Whole-House Sound System

Another entertainment-themed upgrade to consider is wiring a sound system though your entire home that will make it possible to listen to music wherever you are in your home. Professionally-installed sound systems can usually be controlled by a single remote from anywhere in the house, which gives you maximum control over what plays around your house.

A Gazebo

Adding a gazebo can be  another  way to create extra space in your home for relaxing and entertaining. Structurally gazebos are less complicated  (and, therefore, cheaper) in order to assemble. As they’re stand-alone structures no one will have to make changes to your home. This can be   the most appropriate upgrade regardless of whether you live in a good  inland area or a forest, as screens can be added to keep out the bugs.

A Tennis Court

If you’re looking for a easy way to bring exercise and fitness to your home, a tennis court is a great addition as it adds a aspect of entertainment. A good solid asphalt “hard-court” requires little maintenance soon after it’s poured along with being painted. Some sort of net or barrier is helpful as it saves plenty of time chasing stray balls, but if a garden court is wanted a barrier or net may be obstructed by bushes or trees.

A Fitness Room

Working out in your own home is a great way to keep in shape. Whether  you develop a great open-air yoga room or perhaps equip a room with a  treadmill and weights, a home gym will add a new element to your home and save money on a monthly gym membership.

An Open-Air Dining and Living Area

A common design in Thailand is the open air room, which is built up off a roof and supports with no walls hence the name “open air room”. This upgrade is usually accomplished cheaply and easily, as it will also add a good sense of space.

A Putting Green

Koh Samui has a series of truly amazing golf courses, which includes the world class Santiburi Golf Club. Not quite ready to hit the tees yet? To make your property look luxurious and save time you can add artificial grass to your home, which will also save time and maintenance, it is possible to add a actual green and have someone maintain it for you.

That said, if the thought of going through future renovations sounds like a tremendous hassle, you can always buy a home in development that’s already equipped with these upgrades. compare hotels Some luxury developments offer villas that already contain extras like swimming pools, tennis courts, putting greens and fully-staffed bars and restaurants that are only open to residents.

No matter which route you take, keep this list of custom upgrades. They’ll provide all the inspiration needed to turn your Koh Samui home into the vacation destination you’ve always dreamed of.

Whether you’re buying a house or wanting to rent, it pays to determine the type of properties on the market. This is especially true if you intend to assemble your own home, as you’ll need to have examples and suggestions to to take to your builder and architect. Even if you’re purely looking to purchase a already-constructed home, you’ll nonetheless wish to see whats about to get an idea what your looking for.

Thankfully, if you’re looking to purchase (or even just rent) a home on Koh Samui, you’ll have lots of luxury homes to find inspiration. Koh Samui has a number of custom built homes, luxury Villas and Condos. You can find inspiration everywhere!

Here are seven breathtaking examples of Koh Samui homes that should give you thought about of the property you’d like to own:

Bophut Seaview Villa

This modern villa sits on the north coast of Koh Samui. From the front balconies, you can see the neighboring island Koh Phangan. There are five bedrooms, but the showstopper is the master bedroom. This airy sleeping space has stunning floor-to-ceiling windows that offer exotic picturesque views of the sea.

At this villa, each bedroom has an en suite bath and is located around a large, 45 square meter private infinity swimming pool. In addition to the rooms, there is a covered open-air dining area that fronts the pool, giving the owner and guests a great space for taking advantage of Koh Samui’s beautiful exotic weather.

Nathon Beach Villa

This modern-day villa, in the Nathon area alongside Koh Samui’s central seacoast, Put a premium on privacy. It’s surrounded by a wall, but additionally is a very open layout at its front, in which it overlooks the sea. The villa possesses five bedrooms, each of which includes its own bathroom with rainfall shower.

The property has not one, but three spacious master bedrooms in which open right onto the  swimming pool and patio area. An seperate two-floor “living pavilion” includes a lounge area as well as an open living room and kitchen.

Chaweng Noi Modern Villa

This Koh Samui home is in the Chaweng location, which is at the heart of Koh Samui’s beach scene. If you’re looking to be close to shopping, restaurants and nightlife, the location is absolutely perfect. There are three villas on this property, each is self-contained with its own pool and exceptional facilities.

In addition to the swimming pools, these three bed, 3.5 bath living spaces have open floor plans with outdoor dining areas. The pool terrace stretches for 65 square meters and overlooks the picturesque beach and the sea. The villas are located on a hillside, so they offer a great deal of privacy despite their central location.

Choeng Mon Villa

This Choeng Mon villa is located in one of Koh Samui’s small bays. Though it’s only a short distance from the main tourist area of Chaweng, it feels very isolated thanks to the local geography.

The property has a unique layout. The living area, kitchen and one bedroom are located on the main floor, then the large doors open out onto a pool and patio area. One of the property’s most unique features is its outdoor, poolside wet bar located in this area. A floating staircase leads to the additional two upper-floor bedrooms, both of which offer amazing views of the seaside.

Villa Blue View in Bang Po

This particular modern day rental villa has been created by the award-winning Thai archectural firm, GFAB Architects, in addition it sits and rests upon the quiet and natural coastline of Koh Samui. Thanks to its substantial perch, the villa’s residents appreciate 270-degree views of sea and limestone rock formations of Ang Thong Marine Park. These views can be appreciated from the spacious pool deck or the open air living space.

The five-bed, six bath tub residence is enclosed by lush landscapes gorgeous design features, which include a man-made waterfall. Just about every bedroom is specifically created and designed, from the spacious master bedroom to a lower-level bedroom that was built with children in mind.

Villa Uliana at Lipa Noi

This modern villa is dominated by glass. Located in Lipa Noi, guests can enjoy amazing picturesque views from everywhere inside or outside of this stunning home. Since this is a rental villa, you don’t actually have to purchase it in order to experience the luxury of it. Up to six guests at a time can enjoy the beachfront swimming pool, outdoor rainfall showers, included wi-fi, and daily maid service.

Baan Palang Hin

Nature lovers will appreciate Baan Palang Hin, a beautiful home that sits on a private estate in Laem Set. With tall windows and an open design, this villa makes residents feel like they are surrounded by beautiful natural landscapes.

Like Villa Uliana, this is a rental home, so you can experience its beauty and charm without having to make a purchase. There are three bedrooms and an onsite staff that will cater to its guests’ every need. You can inquire about renting this property here.

Fall in love with one of these villas? Search the Eco Real Estate website for listings for these properties, as well as hundreds of similar options. ask carolyn As you search, let your imagination run wild. No matter who you are or what you’re looking for, you’re virtually guaranteed to find a Koh Samui home that will give you the getaway you’ve always dreamed of!

So you’ve decided to create a home on Koh Samui. Of course, you probably already have ideas and inspirations of what your new home should look like. And if you’re going to go to all the trouble of sorting out the loans, finding the right location and navigating the local laws, you might as well make the extra effort to build exactly the kind of home that you want!

Everyone who plans to purchase a property on Koh Samui is tempted to oversee the building process themselves. They think the closer they are to the design and construction, the more control they’ll have over the final outcome. That way they can make sure that everything is finished and constructed correctly.

Within the last few years, the volume of foreign citizens interested in buying property throughout Thailand has grown. Tropical island destinations such as Phuket along with Koh Samui are at the front of the growth, as construction companies, contractors, architects and craftsmen have been offering their services at seemingly competitive prices. So it’s not only interesting to think about possessing overall control over constructing you dream home, construction rates could look downright affordable as well.

Equal Building Services

Of course, supervising a foreign construction site isn’t always as easy as it seems. An architecture could supply you with the layout and design format which you’ve wanted, but the construction might lack the build quality you require and struggle to last Koh Samui’s climate and weather. The same applies to the builders and construction workers who will actually carry out the construction and the craftspeople who will put in the home’s infrastructure.

You can obtain the look and the features that you want pretty easily, yet what you really need is good quality, thats may be a lot harder to guarantee.

Create Your Own?

Individuals who have knowledge  in home construction have a distinct advantage when it comes to building their own home on Koh Samui. These people may be able to undertake part of the construction themselves, or they can oversee what the construction workers are doing to make sure that everything is carried out with the right attention detail.

However in case you work in the building industry, this method can lead to complications. There can be some sort of language barrier with local employees, and you’ll be stuck paying for any unforeseen costs yourself. However overseeing the main constructing process is extremely time consuming. While every little detail will be carried out just to your requirements, the cost of the time you spend on site can increase rapidly.

Other Options

If you’re honest with yourself, you’ll likely realize that you lack the experience needed to oversee the construction of your home. Luckily there are still options that will let you have full control you desire over the look and feel of your home.

The best option is to cooperate with a reputable real-estate organization. Companies like Eco Real Estate have been in business on Koh Samui for years, so that you can see examples of the homes they’ve built around the island and gather ideas and see how good their track record of success is.

Established corporations can provide all the services that you require. Their overall success is often due to their reputation, a reputation that they don’t want to risk by providing subpar services. Because of this they’ll be on your side when it comes to getting the best quality and craftsman ship for your home. Since many of these developers have management companies that have great ongoing relationships with their development’s residents, you won’t have to worry about the problem of contractors doing a poor job and then disappearing.

But what about your control over the look, feel and features of your home? Most developers have multiple styles of villas to select from. If your house isn’t yet constructed, you can work off one of the developer’s standard luxury designs in order to create something that’s highly unique.

Add a Unique and Personal Touch

Another option is to purchase a home with a standard design and then hire a decorator and landscaper to work on your home. This arrangement can give you the best of both worlds. First, you’ll know that your home is being built to the best quality possible. But at the same time you’ll still be able to choose the look and feel of your home, both inside and outside.

This is the kind of control that most buyers are wanting, they’re flexible when it comes to the structure of their home, but have they very exact ideas about what they want their interior to look like.

Don’t forget the legal landscape

Another good aspect of this kind of development is that the real estate firm takes care of all the lengthy legal arrangements. If you intend to build on your own, you’ll have to find a great deal of assistance understanding local and national real estate laws and construction rules. These can be extremely nuanced in Thailand and difficult to understand yourself.

Whether or not you decide to supervise the development  yourself or hire other contractors to do it, you’ll need the suitable advise and also the correct builders on your side. Having a attorney who is aware of property or building laws is absolutely necessity if you want to stay away from issues. Whether or not you’re employing an all-in-one service that will provide everything from a contractor to a plumber.

The bottom line is that it is possible to find the perfect house for you on Koh Samui, whether you choose to construct it yourself or hire someone to do it for you. With the right reputable real estate firm, it is possible to have both the quality you need and the control you desire over the look and feel of your Koh Samui home.

While purchasing or perhaps renting your dream home on Koh Samui, one of the most significant features people look for is a wonderful view. Why live in paradise if you cant enjoy a picturesque view with breathtaking sunrises and sunsets?

But even if you obtain the perfect view, there’s absolutely guarantee that it will always be there. One of several unwanted side effects of construction in Samui is that new developments and new constructions projects are taking place all over the island. facebook down So how exactly does this affect your ability to enjoy your own little slice of paradise? If you aren’t careful, a new building may appear, and block your stunning picturesque views.

Hotel projects are a big culprit. Five new hotels have opened recently, and at least one main resort development is on the horizon. Some of the luxurious resorts on the island are planning to expand.

Here’s an example of something that takes place all too often… Your Koh Samui home is situated on a hillside looking over a quiet bay, but then a large hotel chooses a site lower down the hill to construct a luxury resort. The towering hotel could end up sitting directly between your front balcony and the sea, obstructing your view lovely view.

Another typical problem is buying a house on beach front road, only to have someone else buy the land across the street and construct a multi-story building. If this happens, you won’t just have  your view blocked but all you will be able to see is a multi-story villa.

Thankfully, there are simple steps you can take to avoid this problem. If you can account for certain important variables, you won’t have to ever worry about losing your views.

Close to the Sea

Upon Koh Samui, beach front houses are generally more expensive than house inland. Those who buy near the sea pay a higher premium so they are located close to the beach, and so no further developments can take place nearby. If you can afford this property this is possibly the easiest way to gain a picturesque view.

Buy as High as Possible

Buying property or even a home that sits high up is a excellent way to avoid a blocked view. On the other hand, it’s much more complexed than buying or constructing a property at the bottom of a hill. Re call the high-rise hotel example from before? Your hill has to be steep enough that nothing can be built below your construction. Luckily, this kind of geography is actually quite common on Koh Samui, so your local real estate agent should be able to find you some options.

Don’t rely on the Remoteness

Koh Samui is a fairly large island. Part of the allure here is that you can still find untouched places that have not yet seen any development. For many people who buy property on Koh Samui, finding a unique spot that is quiet and private is very important. Nonetheless, just because a place is isolated and quiet this doesn’t mean it will always remain like this.

If your little slice of paradise is worth living on, other people will discover it in time. So even if you’re the only house in the area, you should still make sure that you’re either next to the water or at a high point.

Buy Extra Land if Possible

If you’re planning to buy untouched land and then build on it later, you can stop anyone from obstructing your view by simply owning the land with a view to building on it in the future. Naturally, the biggest problem with this option is the cost of buying more land. Unless you intend to build or sell the land, it can be difficult to justify buying extra land. You simply have to ask yourself, how much is the perfect view worth to you?

Find the Right View

When it comes down to it, the obvious way to make sure you’ll always have a great view is to get a guarantee in writing. Koh Samui has a number of housing developments that cater to foreign buyers that are constructed and designed to give people exactly what they want. More often than not, that includes ocean views, as well as amenities like balconies, pools, and patios. The development owner has complete control over the land, so no construction company’s can come in and ruin your views.

Make Sure Its Beautiful

Experienced real estate firms upon Koh Samui are used to dealing with people who are concerned about protecting their views. Actually, most people who visit Koh Samui to purchase property have similar worries. A superb agent can help you sort through the options and wade through the variables so that you have the best chance of getting a property with great picturesque view.

One method to help choose if your working with the right agent is to express your concerns about obstructed views and then see how they respond. Quality agents will suggest the recommendations mentioned here, and they won’t show properties that have possible issues with obstructed views. Real estate firms like Eco Real Estate are extremely experienced with working with foreign buyers who come to Koh Samui with specific requirements.

Is It the Perfect View?

A fantastic view is of the most important features to look for when purchasing property on Koh Samui. Developers and agents acknowledge this, and many make the main selling point of their homes an unobstructed view. However, a lot more factors go into buying a home not only has the setting that you dream of, but also a solid investment and a high-quality place to reside. You’ll know once you’ve found a good developer and agent when they highlight things like their build quality and potential ROI.

Koh Samui is one of those travel destinations you never desire to get away from. This Thai island’s exotic beaches, always-warm weather, picturesque landscapes and good infrastructure inspire many visitors to return time after time.

Many people fantasize about buying or renting a Luxury Property on Koh Samui so that they can live there permanently or, at least, spend large amounts of time on the exotic island. For many visitors this idea remains a fantasy and unrealistic. However if you connect with the right people and ask the correct questions buying or leasing property in Koh Samui isn’t only a reliable goal it could be a beneficial investment.

Considering turning your dreams of living in Thailand’s tropical island a reality? Listed below are several questions to ask before purchasing property on the luxury island of Koh Samui.

Wheres the Best Build Quality?

The right Location is key when it comes to buying property, wherever in the world you plan to buy. This is especially true if you are planning on living on Samui all year round, as you’ll want a lovely picturesque view and be extremely close to restaurants, shopping and especially the beaches.

However you will also have to keep the investment aspect of buying property in Koh Samui in mind. Some developments offer outstanding quality when it comes to development. Well constructed homes have lower maintenance costs, and they will increase in value more quickly than poorly constructed properties.

How do I make Investment Effective?

Some people decide to retire to Koh Samui and reside all year-round on the island. Others just want a home they can use for holidays through parts of the year. Part-time residents can rent out their properties when they are not in Koh Samui, there are management companies on the island that can help you list and lease your property when its not in use.

Unsurprisingly, there is a high demand for holiday rentals in Samui, as many people who come to Samui put a premium on privacy. The island’s resorts and hotels cannot offer the same level of privacy and luxury as a villa. With the correct management company renting out your property is an easy and convenient way to generate a good income.

How do I Track the Status of my Development?

This is a vital question that many residents don’t think to ask. You could find a villa with great build quality and a excellent location, but end up living in an area thats still under construction. Noisy construction work and equipment can ruin what could been an ideal place to live. Also remember that a new building could be constructed between your home and the ocean, which would ruin your perfect picturesque view.

Who helps with Thai Real Estate Laws?

Some people who decide to buy property on Koh Samui get discouraged because Thai real estate laws are very complex. Technically foreign residents cannot have sole ownership over their own property in Thailand; foreign residents must have a Thai partner and buy the property through a shell company or negotiate a long-term lease for at least 30 to 50 years.

The good news is these complexities are easy to overcome if you manage to find a reputable real estate firm, that has experience working with foreign buyers. Companies like Eco Real Estate work almost exclusively with foreign buyers and investors, helping them to easily navigate and overcome these legal restrictions.

Choosing the Correct Real Estate Company?

First and foremost the real estate company you choose to work with has to be licensed by the Thai government. Not only does this imply that the company can legally construct and sell homes, it means that their buildings have to meet certain standards. This is why working with a licensed company on Koh Samui is a good idea, so look for one that provides licenses information up front.

Adding Amenities?

When purchasing a property on Koh Samui, you’re choosing to reside in a tropical paradise. And if you’re making the investment, why not make sure your home is your own personal “paradise” to come home to? Swimming pools, terraces, gardens and patios are just a few extras that you can add to your home. Newer properties offer a variety of pool and patio styles to choose from, though your developer may even be able to make additions or modifications as you wish.

Will Value Change Over Time?

You aren’t the only person who wants to reside on Koh Samui. The development business is increasingly growing here, thanks to the island’s location, infrastructure and natural beauty. New modern infrastructures are taking place on the island, and the demand is expected to remain high. This is great news for both people purchasing an investment and people who want to rent out their villas or condos.

Living in Koh Samui?

In case you’re contemplating purchasing property in Koh Samui, you’ve probably already visit Koh Samui on several occasions. So you should already have a good idea of the lifestyle, although you may not understand what it’s like to spend an entire season on the island.

To secure a real sense for that Samui lifestyle, contemplate renting a villa for a few months before you decide to make a purchase your own property. Subsequently if everything works out, you’ll already be on the island when it comes round to looking for your own property or investment. If you have a ideal location or area in mind, look for a real estate company that rents out villas in that location, so you can get a understanding of what living in that area is like.

Do I Own or Lease My Property?

There are ways of getting around Thai laws to own property as a foreigner, a good way is to set up a company and then purchase your property through that company. There are plenty of legal nuances that a experience and respected real estate agent can help you with, but basically the strategy is this: although the company has to be a joint venture between you and a Thai partner, you can appoint yourself the director of the company, which gives you total control over the property.

This is certainly an option to consider, but it may not be the best option for you. To learn more about the nuances of this and other options, get in touch with a Thai real estate company to gather more information about the different options for you.

If you’re thinking about purchasing a home on Koh Samui, take plenty of time to answer these questions before going any further in your property search. Once you have all the answers, you’ll see that buying property on Koh Samui isn’t just a realistic possibility, it’s also a perfect investment, whether you plan to reside on the tropical island full-time or rent out your villa to generate extra income.