Property

Is There Still Money To Be Made In Property? You Bet There Is!

Since the boom in the late 2000s, not a lot has been said about property prices. They shot up dramatically compared to their historical average from around 1995, but then they soon fell back down, following the crash of 2008 and 2009.

Since then, however, prices have been creeping back up again. In fact, in 2016, house prices were at their second highest level ever, compared to the historical average, just behind the peak we saw in 2007. People who stayed in the market are now seeing the rewards, making fantastic money in the process.

There are many ways to make money with real estate according to the Huffington Post. Here’s just a few of them.

Rent Smaller Units

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One of the strangest things about the property market is that it’s possible to make more money out of a house or apartment, just by splitting it up into several units. A three bedroom house meant for a family of four can be divided up for three young professionals who can be charged more in total than a family sharing the property.

Buy Low

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Finding apartments for sale that are undervalued is an excellent way to generate additional income in the property market. But it all depends on where you buy the property. Buying in an area that is on the decline, like Detroit, is probably a bad idea. But finding an apartment for sale in a city like San Francisco where the economy is booming means that there’s a higher chance that the price of the property will rise in the future.

Leverage Your Returns

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Say for example you have to put 20 percent down on a property. Well, the cool thing about that is that you get to keep rental income based on 100 percent of the property’s value. Let’s say that the property you rent is worth $100,000 and that you can charge $750 a month rent. Well, if the mortgage is only $500, then you’re making $250 gross profit every month. That equates to $3,000 a year, or around 15 percent of your initial investment. Now that’s not bad, compared to what you’d get if you just put the money in the bank or in the stock market.

Profit From Lump Sum On A Refinance

Let’s say that you bought your property for $100,000 and put $10,000 into making various improvements paid for by tenant rents. And let’s suppose that those improvements mean that the property is now worth $125,000. This means that you can refinance the home based on the higher value and net $25,000 dollars in additional cash. That $25,000 can then be put towards you next property where you can again generate a $3,000 a year income.

Increase Your Equity

Another tactic you can use is to plow rental income back into increasing your equity in the property you own. Many landlords start off by paying a 20 percent deposit on an apartment or a house and then use subsequent rental income to build their equity. This additional capital can then be earned back when the house is sold.


Debunking The Biggest Myths Of Property Investment

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If you’re looking at making some investments, you might have considered purchasing property. Now before you get the wrong idea, we’re not suggesting that investing in property is a bad move. It could be an incredibly smart decision, but you need to know what you’re getting into. Unfortunately, there are a lot of myths that you might believe about property investment that simply aren’t true. By debunking these, we can stop you making some of the common mistakes on the property market.

You Can Build Anywhere

Technically, you can buy any plot of land that’s for sale and build on it. That’s just common sense, but should you? This is a completely different question, and the answer is no. If you’re considering purchasing land that isn’t being developed, think about why it’s been left. Is it close to transport links? Would there be a market of people who were interested in buying? Is there a problem with the land? For instance, it might be on a floodplain which will make it a nightmare for you trying to sell it. You need to ask yourself these questions before you consider buying land for development.

It might be better to buy somewhere that is already being developed like bridgefield estate. Since development has already started in areas like this, there are people looking to buy. You’ll have no problem selling the property on once you’re finished with it.

It’s An Easy Venture

No, it’s not, and anyone who tells you otherwise is lying. If you’re investing in property to sell, you’ll spend a lot of time getting it ready for the market. You’ll need to speak to contractors, designers and lawyers. But that’s not all because you will also need to make it attractive and presentable. Believe it or not, selling property is the easy option. Letting it out requires even more effort because you take on the responsibilities of a landlord. You have to live up to those responsibilities too. Otherwise, you can be sued for breach of contract by your tenants. Don’t invest in property if you’re looking for an easy ride because you definitely won’t get one.

There’s No Risk

We can’t count how many articles we’ve read telling people that investing in property is low risk. When you’re dealing with the massive amounts of money you’ll need to spend to invest in property, there’s always going to be a risk. Once you’re in, you can’t just sell what you own and move on. This could leave you with a huge loss and that’s assuming the money you used was yours, to begin with. Most people borrow to invest in the property market and then pay it back once they profit. That’s a fine approach to take, as long as you don’t expect profits to be instant. They won’t be.

You Need To Be Rich

Do you need to be rich to invest in property or could investing make you rich? It’s definitely the latter. You need some cash in the bank to get started, but you won’t need a fortune. Particularly, if you take the sensible approach and use a long-term loan. With this approach, you can borrow money at low interest and buy the property you want to invest in. Make sure you speak to a professional broker about this possibility. They’ll help you get started and point you in the right direction.

Now that we’ve debunked these myths you can invest in property without misguided beliefs.


The Secrets Behind Clever Property Investment

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For anyone who wants to get ahead financially, property investment is a must-consider option. The reasons for this are many, and quite clear even to the newcomer. Done right, investing in property can reap some significant rewards with little effort. Of course, knowing how exactly to do it right is most of the difficulty for the majority of people. In this article, we are going to go through some of the key things that you should bear in mind when investing in property. No matter how experienced you may or may not be, these are bound to help. What are some of the secrets to investing in property and making it beneficial?

Think Long Term

For many investors, it is all about the immediate rewards. However, these people are unlikely to do well overall. The reason? The best investments all tend to be long term. This is particularly the case for property investment, where you have to think long term as much as you can. The benefits of doing so are practically immediate. When it comes to investing in property, it is highly unlikely that you will experience any returns before long. This is simply down to the nature of the industry itself. It goes without saying that people do not normally stay in houses only short term. Chances are, you will be waiting a while before you see anything back. However, this is also something of a blessing. The longer you have to wait, the more likely that the return will increase overall. Sometimes, having a little patience really does make all the difference.

Buy New Where Possible

There are many different kinds of property you can invest in. What’s more, there are no hard and fast rules about what you should or should not buy. Really, as long as you can make it worthwhile, anything goes. However, there are certain types of property which give you a distinct advantage. A good rule of thumb for the beginner investor is to buy new properties wherever possible. It is not necessarily that new buildings bring more in returns. However, new apartments and houses are likely to need a lot less work. As a result, they are often the far easier choice to go for. Whenever you can, make sure that you look for new properties first and foremost. Of course, a lot of old properties do have significant value, so it is a case of comparing them as well as possible.

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Don’t Go It Alone

A lot of people do find that investing in property is something of a mixed blessing. On the one hand, it can offer you a fantastic way to make some serious money. However, there is also a chance that you can end up destitute. Often, those belonging to the latter category do so because they did not have anyone to help them. One good piece of advice is to make sure that you don’t go it alone. No matter what kind of experience you might have, it is far too easy to make a mistake when you operate on your own. However, if you have at least one other person with you, then you are much more likely to succeed.


Expert Advice To Help You Invest In The Right Property

Real estate is all about finding the right type of property to invest in. To help you out, I’ve listed four types and written some info on each of them.

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Houses

Houses are the prime property investment everyone wants to make. If you go through life without owning a house, you’ve had a hard time. They make excellent investments, for more than one reason. Firstly, the price of a house rises all the time. You can make to additions, and it will still increase in price because that’s how real estate seems to work. But, if you want to improve a house, you can! They’re great for buying, improving, and selling within eighteen months. You can earn lots of money property flipping like this. Plus, houses are probably the best investment for people playing the long-term game. Buy a house, live in it for years, and sell it for a profit ten years down the line. It’s so simple and well worth your money.

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Apartments

Now, apartments have numerous benefits that may make them the right investment for you. Firstly, buying an apartment can cost you less than buying a house. Plus, there are way more apartments for sale than houses. So, there’s more on the market for you to choose from. Not only that, new apartments are highly desirable amongst renters. People that don’t want to own property will often look for apartments to rent. For me, this property type is ideal for those looking to earn rent money. Buy-to-let experts often shout about apartments being the best investment you can make.

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Static Caravans

An interesting property to invest in is a static caravan. Often, people refer to these as holiday homes, and some call them chalets. They offer a very clever investment opportunity for the savvy property buyer. Personally, I think they’re ideal if you want to invest in something cheap. They’re the cheapest option out of the ones I’ve already mentioned. The main difference with these is that you’re targeting a very specific market. Holiday homes like this are very popular in the elderly community. This is because their location tends to private, which is what they desire. For me, these properties are great for building a big portfolio. You can easily purchase a lot of them, and own your own holiday village. There’s not as much money involved in static caravans compared to houses and apartments. But, on the flip side, it means you don’t have to contribute as much money either.

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Offices

While all of these ideas have been residential, some prefer to go more commercial. Investing in offices might be right for you. They do require a fair bit of maintenance, but the rewards are high. Simply because offices are in very high-demand. Especially if you own one in a busy area. Plus, you can always use the building yourself if you want. Have your business on one floor, and rent out the others. You get office space and make extra money while you’re at it.

Hopefully, viewing these options has helped you decide what type of investment you want to make. Think about which one suits you the best, and then go for it!


Real Estate Investment: It’s Not as Scary as You Think!

Investing is something that’s really important for you to do these days. You need to make sure you have investment opportunities lined up. Did you know 51% of Americans put off major financial decisions? You have to make sure you aren’t one of them. Investing for the future is important for your family’s financial security. And investment in real estate could be a very lucrative venture for you. You don’t need to be scared of the vast sums of money involved in real estate investment. Following these ideas will help you make the right financial decisions.

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Choose the Perfect Property

You have to make sure you figure out the perfect property for investment. A lot of people these days are looking into 1031 property exchange quotes. It’s important if you’re selling and buying, that you always have a property to fall back on. By doing an exchange, you can upgrade, downsize, or choose something better suited to you. The perfect property is crucial when you are investing because it’s a long-term purchase. You have to choose something that’s going to last you a long time. You will need to decide whether it will be a rental, or if you’re going to do it up and sell it on.

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Don’t be Reckless

The problem that a lot of people have when they invest is that they can be reckless. You’re dealing with an awful lot of money, and it can be easy to think you know it all. But you really do need to make sure you aren’t making reckless investments. It’s so easy to lose money when you try to invest. If you don’t know what you’re doing, then you’re as good as gambling your money away. There are a lot of mistakes people make when it comes to investing. Things like buying high and selling low are often a recipe for disaster. When it comes to real estate, you have to be especially careful not to be reckless.

Get Experts to Help You

It’s always good with any investment to have experts on board to help you. Speaking with investment gurus and specialists is crucial. It’s the best way of helping ensure that you have all the facts before you start. You need to have peace of mind and be comfortable with the decisions you make. And the only way of doing that is to make sure you have input and guidance from people who know what they’re talking about. It’s estimated 61% of adults would rather consult their financial advisors than family. This shows you the importance and impact that financial advisors have. And, with a decision this big, you can’t leave any stone unturned.

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Investment opportunities are ten a penny these days, but real estate can be the best choice. You just have to make sure you plan it all meticulously and make all the correct choices. Many people are scared of investing in real estate because of the amounts of money that are being dealt with. But, it’s not as scary as you might first have thought.


Millennials Need To Take These Steps To Get On The Housing Ladder

Millennials Need To Take These Steps To Get On The Housing Ladder

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Millennials are always in the media these days. Most of the time, it’s because they are finding it incredibly difficult to get their foot onto the housing ladder. Is it really that difficult, though? If millennials took the following steps, they might find that buying their first property isn’t quite as out of reach as they think.

Look In Cheap Areas

One thing is for sure. There is just no way a millennial will be able to buy a home in London in the current economic climate. To be able to afford a house, they should be looking elsewhere. The further away from London you go, the cheaper houses get. Just look at Leeds for example. It is often thought of as the capital of the north. There are lots of jobs, and housing isn’t very expensive. You can see the type of prices online at Bridgfords.co.uk/forsaleoffice/leeds/2236/.

Save, Save, Save!

Many millennials don’t have enough saved up for a deposit. You only need a ten-percent deposit for a mortgage on a property. That isn’t that much when you think about it. If you don’t have anywhere close to that amount, you need to start saving right now. Even if you don’t have that much money spare at the end of the month, every little counts. It will probably take a few years to save up a good deposit, but you will get there in the end!

Use Government Schemes

The government knows just how hard it is for millennials to get on the housing ladder. And that is why they have created some schemes to try and make it easier. One of the best is the Help to Buy scheme. People who want to buy their first property can open a Help to Buy ISA to help them save up. The government will give you a bonus on top of your savings. This is to increase the size of the deposit you can use towards a house.

Get Help From Parents

They might not like the idea of this, but sometimes it is the only way they will be able to buy a property. If possible, millennials should ask for financial help from parents or other family members. They might be able to give you something to go towards a deposit. The other way they can help out is by becoming a guarantor for your mortgage. You can find out about guarantor mortgages at http://www.which.co.uk/money/mortgages-and-property/guides/first-time-home-buyers/guarantor-mortgages/

Keep On Looking

Don’t become disheartened and give up looking. You never know when a bargain might come onto the market. And if you take your eyes off the current houses for sale, you might miss out on this fantastic bargain. So keep on looking to make sure you don’t miss out on any fantastic deals on property in your area.

Millennials and property just don’t get on? If they follow this guide, they’ll get on like a house on fire!


Four Clear Signs You’re NOT Ready To Buy Your First Home

Four Clear Signs You’re NOT Ready To Buy Your First Home

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Many of us follow traditional career paths. We go through the educational system, eventually concluding by jumping into the world of work. It’s during this period of transition that we start considering where we’re going to live. It’s time to leave the nest, but is renting or buying a home the best option? It all depends on the situation, of course. If you’re feeling confused, follow our tips to help make your decision!

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You’re In Debt

This is an obvious one! If you’re in debt, you haven’t got the money to be spending on buying a home. Purchasing a house is a massive consideration and one that can easily leave you with more debt in the future. First, you need to banish those current repayments as quickly as possible. Consider researching the Obama loan forgiveness scheme, and find ways to repair your credit if it has been damaged. For now, this is the most important consideration.

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You’re Unsure About The Future

When you leave the educational system, you might feel a little uneasy. Some people seamlessly transition into the next phase of their career, of course. However, others stagnate and grow disillusioned. It might be that you seek a totally different career path entirely. Alternatively, you might need to look further afield to gain employment in your chosen area. If the future isn’t clear, you don’t want to jump into a decision like this. Buying a house is expensive, and selling it can be extremely difficult. Until you know where your future lies, you need to wait.

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The Negatives Outweigh The Positives

Sometimes, there just isn’t a good reason to buy your first home. For those who live on their own, buying a big home with multiple bedrooms isn’t worth it. Alternatively, it might just be that the house prices in your area are unreasonable. You don’t know what’s going to happen in the future, so for now, wait it out. There’s no shame in renting a home until a better opportunity comes along. Write down a list of pros and cons. If the cons are the most prominent, save your home-buying ventures for another time.

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You’ve Never Lived On Your Own Before

If you’ve spent your whole life living with your parents, it’s going to be difficult making the transition to living alone. Quite simply, you need some experience before making the decision to buy. This is a massive financial consideration, but how can you make an informed decision when you’ve only ever lived in one place? Before long, that big home you bought might seem too large and overwhelming for your needs. For now, take the time to rent and get used to living away from your parents. As you develop more experience, you’ll get a better idea of what you want out of your first home purchase.

It’s important to remember that buying your first home isn’t a race! It’s a decision that should be thought about carefully, and there’s no need to rush into it. Make sure you’re happy before buying that all-important first home.


Hidden Secrets Of Saving Money Selling A Home

Hidden Secrets Of Saving Money Selling A Home

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You guys know that I am always keen to find new ways that I can help my readers save money. One of the most expensive situations that you’ll go through in life is selling a home. I’m not just talking about buying the new property either. The process of selling can get incredibly expensive if you’re not careful. You need to hire the services of a number of different companies such as removal teams and solicitors. You may also need to complete some expensive work on your property before it’s ready for the market. So let’s look at the best ways to save money during this particular sales venture.

Using Paint Instead Of An Extension

This might sound crazy but bare with me. A lot of people decide to add an extension to their home to make it more valuable. To an extent, this makes sense because making your home bigger certainly increases the value. However, there’s no guarantee that you’ll get the money you put into it, back. If your extension doesn’t cost a lot, there’s a good chance it’s not build to a high enough quality. In the case, it’s likely that your home will lose value which is the last thing you want. A better idea is to instead paint the walls bright creams in most of your rooms. This is going to make them look bigger because they will be brighter. By doing this, you can alter the buyer’s perception without spending a fortune, extending your home.

Double Dip On Services

During your home move, you might need to put some of your belongings in storage. It’s usually crucial to do this so that your home didn’t look cluttered and packed full of items. You will also need to hire a removal team to get your belongings from your old home to the new property. The best way to handle these needs is to combine them. There are removal teams such as A2B Removals that offer both. They’ll keep your excess belongings in a secure place and move everything to your new home. By only hiring one company, you’ll be cutting the cost of paying for two different services.

DIY Jobs

If you are working on improving your property, you can aim to complete the easier jobs yourself. For instance, there is no need to hire someone to do the gardening. Most people know how to cut the grass, plant flowers and make a garden look presentable. Unless you are completely clueless in this area, DIY. You’ll save money that you’ll then be able to spend on other things after you move. Remember, most home buyers complete renovations on the new property in the first year.

Use A Realtor With The Right Price

Finally, you should spend a little time shopping around the market before you pick an estate agent. You need to find the company that is offering the right price, and costs do vary significantly. Some charge a fortune because of extra services that they offer. However, there is no guarantee that you need these services. Most people feel that as long as the home is online, available to view, there’s no longer a need for extra marketing.

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Thinking Of Selling Your Home? Here’s How To Get Your Home In Saleable Condition

Selling your home can be just as overwhelming and daunting as buying one. They do say that house purchases are one of the most stressful things you can do. Unless you are a first time buyer, your house buying process begins the minute you place a for sale sign outside your existing home. This is where you wait patiently, hoping that someone will love your place as much as you did. Once the sale is agreed, you enter the next stage of finding your next home, and the whole process from start to finish can take quite some time. A time where you may feel anxious, nervous, excitement and fear.

While it’s never easy to visualise how much your home will sell for. Or indeed, if the whole process will go smoothly, there are steps you can take to make things more simple. A lot of the buying and selling process is in your hands. You just need to have the initiative to take control of the situation. So I thought the best place to start would be right at the beginning. Getting your home in a saleable condition will ensure a quick and profitable sale, allowing you to move on to the next step. With that in mind, here are a few ways you can get your home ready for sale.

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Look at your home through buyer’s eyes

Your home has served it’s purpose for you. Whatever the reason for sale the house no longer works for you in size, location, or cost. However, what will have happened is you will have grown accustomed to your home. It will be lived in and be decorated to your tastes. Which is totally fine when you are living in it, but not necessarily your best move for selling it. Take a moment to walk through your home and imagine yourself in a buyer’s shoes. How would you feel when you entered a particular room? Does the house feel like a workable home? Does it show function and promise? These are all questions someone will be saying as they walk through your home. Check out websites like http://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/top-tips-clever-questions-to-ask-the-estate-agent/ for a better insight. Doing this will indicate to you some of the work that needs to take place before you put it up for sale. It may be all cosmetic, or you may have to spend some time or money on getting it right. But it will all be worthwhile in the long run.

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Appoint an estate agent you have confidence in

When it comes to appointing an estate agent who will market your home, it’s important to feel confident in their ability. It would be best advised to see a few different agents so you can gauge reactions and see how you feel towards them. You want someone who is enthusiastic about your house, is confident in selling it. At the end of the day, they are the ones that will be speaking to your potential buyer directly. So are they likeable? Considering agents like TaylorEstateAgents.co.uk/forsaleoffice/st-albans/1341/ or other local ones would be a good idea. They will know your property and area inside out.

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De-clutter your home

As mentioned earlier when it comes to our houses they are pretty much lived in with our things and belongings. But when it comes to selling your home a great approach would be to try and minimise some of the chaos of daily life. This will mean decluttering the rooms and getting rid of things you don’t need. You could even consider packing some stuff up ready for the move and making the room feel much more functional. When a buyer enters your home, they want to be able to visualise their furniture and belongings in your house. It would be difficult to do that if they are distracted by newspapers or bills lying around.

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Consider redecorating

Most people will decorate their homes to their tastes. This might mean bright feature walls or crazy patterned wallpaper. It is after all your home. But sometimes those cosmetic things can put someone off if the colour or decor doesn’t match their tastes. While it may seem pointless to decorate your whole home, especially as you are leaving, it might be worth making some changes here and there. You could repaint some of the walls in the home to a more neutral colour. This will make your home appear clean, tidy and ready to move into. All things a potential buyer would want to see in their new house.

Most buyers will want something they don’t have to mess with straight away. Having gone through a particularly stressful process of buying a house many people just want to enjoy their new home. This could be a big plus point for you if you take that issue away. A neutral decor will always appeal to the masses. Opening up your home to more potential buyers than it would initially. The first look someone has of a potential house is the pictures they see online or in the brochure. If something doesn’t appeal to them from that picture, they may likely never go and view that property. So put your best foot forward from the start.

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Think about your home’s exterior look

Once someone has made an initial appointment to view your home their first physical impression of your house is the exterior. An unkempt front lawn, a messy driveway, a shabby door, can all be quite off putting. However, these are all easy fixes with just a little time and effort. Make sure your first impression is a lasting one. So tidy up your gardens and get those lawns cut and trimmed. Brush away any debris or fallen leaves from a driveway or path. By foxing a doorway and even making sure the windows and door panes are cleaned you are making your home look it’s best. It may not cost much more money, and it may cost a lot of time. But it could be the difference between a sale being made and not be doing.

Make any necessary repairs

Sometimes when we live in our house, general maintenance can get put to the bottom of the list. But when you are selling your home you won’t want to have any reason for a sale not to be made. So take care of those odd jobs and repairs. It might be as simple as fixing a fence or replacing something in your garden. It might mean plastering a wall or fixing a door frame in the home. Whatever that job is, just get it fixed. It can sometimes be the simplest of things that can let a house down when it comes to selling. Again it’s all about imagining what a buyer would see and making the changes to make it more appealing. All of these things may cost a little money for materials or labour for some of the big jobs, but in the long term, it could add more to the value of your home.

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Think about the rooms that sell a house

It’s common knowledge that a good kitchen and bathroom can sell a home. They tend to be the two major jobs that cost a considerable amount to replace or renew. While no one is expecting you to put a new kitchen or bathroom into a home you are selling, you could spend extra time making the best of them. A clean and concise kitchen showing storage and space will be appealing. As will a clean and tidy bathroom with no clutter on the sides. Take a look at this website http://www.huffingtonpost.com/michael-corbett/these-are-the-2-rooms-tha_b_5456275.html for a better idea.

If you want to make the big profit

Understandably you are moving for a reason. Whatever that reason may be. But you also want a decent return on your initial investment. If you have the time and some funds behind you, then there are a few things you can do to your home to make a bigger profit. If you have an outdated kitchen or bathroom could replace them, making them much more appealing. If you have the space to create any extra rooms in the house like a loft conversion, this could add quite a bit on to the resale value for the extra bedroom. If you have the time, you could consider adding a conservatory on to the house or extending further. All of which will add considerable value. The only downside is that some people would want to do those things yourself. So you may have to pick and choose what you do to make that extra profit. Money well spent will always be on the initial decor and functionality of a home.

I hope this guide will help you in the future when it comes to selling your home. It can be quite a daunting prospect, and it can get the emotions running high. But if you can take a clinical approach and plan the process then you should be able to get a quick and profitable sale. Allowing you to move forward with the next steps of the process.


7 Things to Improve Your Home Buying Experience

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In 2015, months after the military coup in Thailand, the country—or at least its property market—seems to be getting back on its feet. Despite the political unrest that rocked the nation, the price for single detached homes in the Thai property market surged by about 4.9 percent for the 4th quarter of 2014, the Global Property Guide reported. This came in the heels of an annual house price increase of 4.19 percent in the 3rd quarter. The figure was 4.81 percent in the 2nd quarter and about 5.71 percent in the 1st quarter.

Better Option than Its Neighbors

One of the reasons for the surging popularity of Thailand’s real estate seems to be rooted in the fact that Singapore and Hong Kong’s real estate are deterring buyers instead of encouraging them, FT says. Singapore’s higher stamp duty and the harder to fulfill down payment requirements in Hong Kong are doing their best to kill buyer interest. That makes the housing market in Thailand an affordable option.

Infrastructure Progress

Another reason for the rise in foreign investors is the much-improved local infrastructure. It’s mass transit routes make it easy to go around the capital. And with plans to build a railway that goes from China to Thailand and back, for a stretch of 8867 km, interest from these sectors aren’t going to go away any time soon.

Home Buying Tips

So if you’re in the market for property in Thailand, then here are a few tips to help make the search easier for you:

Know what you’re buying

What kind of home fits you need the most? If living in a building with all other tenants appeals to you, then getting a condo might be a good option. You can have access to the building’s facilities such as a pool for your morning swim or a gym for your workouts. If you don’t like the idea of condo living, you could go for a townhouse instead. This could offer you more ground as well as allows you to get away from that cramped and crowded feeling that some condo units tend to give.

Close to your work

It’s ideal to choose a location that’s near your workplace. That or look for dwelling places that’s just a stone’s throw away from major roads or highways as well as transportation hubs. Thailand is well known for its mass transit routes so getting a home that’s near one of these should be easy enough.

Use online listings

You could also use online listing portals. With sites like DDProperty, a detached house is simple enough to find. That way, you won’t have too much trouble commuting to and from work. If you spend too many hours traveling to and from work, you might need to move somewhere closer to consider renting.

Consider renting

If there aren’t good residential prospects right now, then don’t try to rush or force yourself to like a property. Unless it clicks with you, unless it gives you what you want and need, then put off spending on a house. Consider renting instead. It’s a good option for you while you wait out the market. If you’re under a deadline—your lease is ending and you need to move—don’t try to convince yourself that buying property is the better option for you. You might find yourself in too much of a rush that you might not give the thought the time it and clarity it needs.

Check out photos and information

Photos improve buyer reception. Shots that really present the house in the best light are all well and good. But know enough to look beyond the trappings of the photos posted on the listing site. Look past the staged furniture and lightning to the architectural details and bones of the space. Examine the home carefully, from its size to the location and type, before you decide if it’s the right one for you. That means seeing it face to face.

Pay a visit

There’s only one way to find out if it’s the right one for you. That means paying a visit to the property. Be on the lookout for any signs of infestations, any unpleasant smells or broken or damaged parts of the home. Leaky roof? Noted. Shaky footsteps in the back porch? Noted. Windows that won’t open or budge? Noted. Pay attention to these things. You’ll need the details when you ask for new stipulations or conditions to be added to the contract.

Hire a lawyer

Lawyers have great negotiating skills and that will come in handy for you if you want to renegotiate certain conditions or terms of the contract. With the help of someone who knows how the legal side works and how to make it work for you, you have a much better chance of getting the right home at the right price.


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