Real Estate

Helpful Tips on How to Own a Property in Hua Hin, Thailand

While Hua Hin evolved into a superb and exceptional tourist destination for both the foreigners and the Thais, the floodgate for the real estate industry has been opened insurmountably. Many high-end hotels, vacation homes, luxurious condominiums and high-rise buildings are built in the area. Many vacationers want to own a second home in the area, may it be a charming house built on the ridge or an upscale condo bearing the panoramic ocean view. It is easy to find a beautiful propery for sale hua hin market offers today if you only know where to start your search.
propery for sale hua hin
Many believed that buying a propery for sale Hua Hin offers today is pretty hard for a foreigner. This is a fallacy. The truth is that owning a real estate possession in Thailand has been the easiest and forthright way to invest in the real estate arena. A foreigner can own a condo because of the 1979 Condominium Act of Thailand. Under that law, 49% of condo units must be sold to qualified non-Thai buyers. Likewise, a foreigner can buy the whole condo complex, too, as long as the land where the building is erected is on lease to them.
Nevertheless, if you decide to buy a property is this part of Thailand, below are vital considerations to delve into before commencing with the acquisition process.
Find the Best Location
With regard to what makes you attracted to live in Hua Hin, the property must be within or in close proximity to it. Live to where the fun is. You wouldn’t like to end up dissatisfied with the purchase. If the beach is what makes the place appealing, choose the property that is either by the beach or overlooking it.
Check on the Legalities to Avoid Future Headaches
Talk to a lawyer to discuss your plan. Bear in mind that foreigners can only own condo units and have it registered in your name. However, there are ways on how to acquire a villa if you want an exclusive property of your own with a pool and spa that is overlooking the awe-inspiring view of the beach. A solicitor or a lawyer knows how without putting your ownership in future jeopardy.
Define Your Budget
How much do you intend to pay for a certain property to include taxes? Is your budget includes the construction, maintenance, repair and other things to buy? But if you have 40 million in Baht, you can invest in an approved Board of Investment project to be able to purchase 1,600 square meters of land and have it registered in your name.
Get a Reliable Property Manager
A locally based property manager is familiar in the area. He will accompany you just anywhere for a trip to a property in Hua Hin without the fuss of asking directions to anyone. He can also be your negotiator when it comes to the pricing of the property you intend to buy. He must also speak and understand the local dialect and be your interpreter.
Finding the right propery for sale Hua Hin has to offer would be a challenging task. But if you are keen, you will end up with satisfaction and pride. You may want to search for available properties here: to help you in the process.
Jake Phillips
Jake Phillips
Based in Chicago. I love playing tennis and loud music.