Tips for buying
Koh Samui is a tropical paradise with inspiring landscapes, breathtaking scenery, and world class beaches backed by palm trees. It has a very peaceful atmosphere despite its rapid development and is a very appealing location if you’d like affordable luxury living in a friendly, tropical setting.
If want to settle on the island, the first thing you need to do is to find the perfect place to live. You can either rent or buy, but here on Samui it’s far better to buy as you’ll own the property and prices are increasing rapidly. For buying a property you could always bring a large sum of cash with you and buy outright. However, there are better ways to buy a property and NOT have to pay a large amount of cash in one go. While you could choose to rent for a certain period instead of paying rent every month, you can use that money to pay off a property that you can use permanently. Therefore, it’s highly recommended that you purchase a Koh Samui property for sale as soon as possible which you can call your home. This is a lot more practicable in the long run.
To help you in choosing which property to pick, here are some tips.
Get to know the local real estate
Research, read, and ask the experts. The world of real estate and purchasing a property can be a bit overwhelming for a novice. There are just too many terms to understand and too much paperwork to complete. You’ll be more comfortable with the process if you know enough about how local real estate works.
Consult a real estate agent
The first person you should contact is an expert realtor, who knows all terms and conditions and is able to simplify the whole process of documentation. He or she can also give you right information about the variety of properties and assist you to find your ideal property. Once you have found a trustworthy and reliable real estate agent half the work is already done.
Pick your location
There are many great locations in Koh Samui. You can pick high profile Chaweng, without doubt the most visited town on the island, or if you want a more tranquil atmosphere surrounded by nature, you can choose one of the other locations close to the coast.
Familiarize yourself with your chosen location
Once you have picked an area where you want to purchase a property, check out the neighborhood and get a true impression of the place. In the process of picking a house, trust your instincts. If you have a good feeling, that’s already a good sign.
Choose the style of your residence
Will it be a bungalow, a luxury hilltop villa, or a condominium unit? The choice will usually be determined by your needs, wishes and desires, priorities and budget. For example, if you are in Koh Samui because of employment and you’re by yourself, a condominium unit close to work is more practical. Or let’s say you have chosen to live on the island because you’re recovering from an illness and you need a lot of fresh air, then you can pick a more secluded residence but at the same time, it should be near a hospital and any other establishments that you might need to visit. Or if you are considering buying a holiday home, you can splurge and choose a villa on the beach. Think of all the things that you prefer, your current situation, and the money that you actually can come up with, and try to balance all of them.
Define your purpose.
If you purchase a Koh Samui real estate for sale, what will it be for? Will you set it up for rent? Will it be your own vacation home? Will it be a permanent residence? The answer to these can help you narrow down your choices and help you figure out other related considerations.
How big?
The size of the property you will be buying is again a decision factor. If it is for personal use, this will be influenced by the size of your family or the number of guests you imagine to have on a regular basis. If it is to be for rent, it will be related to the kind of market you wish to target. If you like it to be marketed as a honeymoon villa, a two bedroom unit is okay. If it is to be something for bigger gatherings, then you need a bigger place and a bigger budget.
Go on ocular visits.
Don’t rush into anything when buying a property for sale. Don’t buy anything you see on the pictures. You have to actually visit the place to be able to make proper assessments. If possible, list all the properties that managed to catch your interest and visit all of them.
Settle your finances
Obviously, you need a budget that’s substantial enough to make your dream come true. Talk to your financial agent to see what type of property you can afford to purchase. For instance, You can choose a mortgage plan that is comfortable for you or perhaps sell one of your existing properties and assets in order to cover the expenses.
Go with knock out features.
When you buy a property and you are fairly sure that you’d want to set it up for rent, invest on the features. Swimming pools, great views, spacious grounds both inside and outside—-these are some of the things you need to look out for. This is important as for holiday rentals, you’d have to market the property several times. In other words, it has to be universally appealing, and it has to have features that tourists look out for in vacation rentals.
Think about the next process.
The actual purchase process is easy once you complete the paperwork, are okay with the price and are satisfied with the property. The next step is also important. For those who are buying a property for holiday rentals, start thinking about the furnishings, the advertisement of the place, the staffs you will hire, and the kind of service you’d be providing. Also, think about the interiors and set it up to be ready for its guests.
Have one last look.
Before you sign anything, take a look at the place again. This step is very important and will help you know for sure if you will be buying the right property for you.
Interested in Koh Samui real estate for sale? Talk to an expert today and find your own property in Samui.
