Here I will be giving my thoughts on where to start seeing once you have decided to buy property in Pattaya, Thailand. There are so many condominium complexes, apartment construction and housing projects being built, proposed and planned in Pattaya today that it can become somewhat over whelming, and at times a job to know where to start looking.
Firstly I'll give my insights on how to make seeing the right property in Pattaya as easy as possible. Now before embarking on the property hunt, you should have a clear set of goals of what you want your future home or venture property to consist of, make sure you know at least the three main essentials:
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Budget Location Property Type
I know this may sound certain in the extreme but after working in the Pattaya real estate shop for many years it is surprising how many population start contacting estate agents before they have a clear idea of what they actually want and where they want it! What makes the task even harder here in Pattaya is that fact that Pattaya has such a broad range of properties on offer with an even broader range of prices.
You can find a one bedroom condo for 1 million Baht or one for 10 million. Houses range from under 1 million and climb all the way to 100 million Baht and beyond! And although Pattaya feels relatively small once you know your way around, it is still large and diverse adequate to have dramatically reflecting price differences. A three bedroom house with a pool and large organery might cost around 11 million Baht in the Huy Yai Area, but would cost close to 30 million on Pratumnak Hill.
Another thing I find entertaining with inherent property investors or holiday home buyers is the lack of study they put into location, and even as I cringe when I hear agents say it:
'Location Location Location' truly is key!
I would first propose anyone seriously seeing to buy property in Pattaya or the surrounding areas is to have a real good look around and try to get a good feel for the separate areas. Go and spend a day on Jomtien Beach and then return again in the evening to see how it compares. If it's a rental venture your reasoning about ask yourself if you'd be happy holidaying or renting in this area? Take time to survey the separate areas and see what's going on and all times of the day and night!
What to buy? Again this will depend on what you want from and your reasons for buying a property in Pattaya. There are also legal issues to take into catalogue when buying property in Thailand for example:
You can own an apartment in your own name as a foreigner but a house or land must be bought and owned in a Thai name or a Thai firm name. This is something any decent estate agent will be able to propose you on and I intend to cover this field in greater detail in my next article.
Obviously agents want to make a sale and help you find the right property, just make sure before hand you know what that is. I would even propose going to an agent with the three boxes to be ticked and see what they have on offer.
For example;
Max Budget? 5 Million Baht.
Location? As close to the beach as possible!
Property Type? At least a one bedroom apartment.
Above all else, buying a home or investing in property in Pattaya is an entertaining caress and should always be fun! It needn't be a chore or sick but be prepared to do a little homework and a lot of legwork and seeing your dream home will become a reality.
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