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Best Tips For Buying A Condo In Pattaya

Posted in Real Estate

Many condos buyers can be dazzled by the sheer range of the amount of the Pattaya condos for sale. The emerging market that is happening in Pattaya has led to many opportunities for savvy investors. However, for a normal buyer the amount of Pattaya condos for sale can be a confusing process. Here are some of the best tips to help you buy one of the many Pattaya condos for sale.

Strategy

When you are looking at the Pattaya condos for sale, you need to decide what is most important to you, no matter if you are looking to use the condo as a rental unit, or using it as a holiday or retirement homes. Many times, lower priced units are the best value for an investment, at the same time a high density development will be harder to resell in.

Act Quickly

If you are looking to buy Pattaya condos for sale, you need to be willing to get up early and act fast. Once a project is open to the public, it is best to look and buy the units that you want and are still open. Pick the best units that suit the requirements that you have.

Buy Wisely

It is possible to be able to buy a condo as a foreigner, but only 49 percent of the sellable square metre maximum can be owned by foreigner. In areas that are popular with foreigners, it is smart to buy as soon as possible. If you are looking to resell to condo later on, make sure that you are buying in these areas, so you can be able to resell the units for more money.

Size

The size of the unit will affect the type of tenants that you will be able to attract. Units that are 40 to 50 square metres and are one bedroom are more likely to attract long-term tenants. Smaller units are better for short-term holiday rentals. Many agents may not list the low-income units since there are only small commissions on those units, and they still have to do the same amount of work as the larger units. If you are not looking at renting, think about the size of unit that you are really going to need. If you are going to use the condo for holidays, a smaller studio condo is a great option.