Phuket has grown into an international destination for a multitude of different nationalities and is a popular place for people to purchase condos, both foreigners and Thais. There is a lot to think about when buying a condo, and it can be incredibly daunting if you do not know Thailand well. If you are considering this as an option, you will want to read the factors below on what you should consider before making your choice.
Where To Live On Phuket?
The first thing that you will need to consider is where on the island you want to live, and this can also have a significant impact on the price of the property. Inland properties will usually be cheaper, while anything on the coast will command a higher price tag. There is a lot of choices when it comes to condos in Phuket, and you can click here to see a map of the island to familiarise yourself with what is available.
What Are Your Requirements?
You will need to consider what your requirements are, such as how many bedrooms do you need, or are you looking for a studio room? You can find many studios, as well as one- and two-bedroom condos from which to choose, and there are older buildings, as well as modern new ones. You can search what is currently available on the market by typing “buy condo Phuket” into your favourite search engine and browse all the options that catch your eye.
What Is Your Budget?
One of the most significant factors which will affect the type of condo and its location is how much money you have available to spend. The price of the units can vary quite drastically, and the newer modern units are more expensive, but the facilities and amenities are also much better. The more you have available to spend, the more condo you can get, and if you are looking for total luxury, Phuket has plenty of options which will suit you.
The Legal Paperwork
You will find that the process of purchasing a condo is straightforward in Thailand, and many people do this without taking any legal help. However, you may want to have it checked out with a lawyer, especially if it is second-hand, and have them look at the requirements for tenants such as monthly maintenance fees. The cost of a lawyer to do this is relatively cheap in Thailand, so the small expense can be worth it and will give you added peace of mind.