Purchasing property anywhere in the world can be a tricky process, and it is no different when looking to buy property in Thailand. If you are considering purchasing a condo in Bangkok, then you will want to make sure the process is as simple as possible. Below is some information to help you with buying a property that will make it easy and reduce the frustration that can come with purchasing a property.
Can Foreigners Own Property?
You may hear that foreigners cannot own property in Thailand, but this is not true. A foreigner is entitled to purchase a freehold condominium, and they can also purchase other buildings. The one thing that they cannot own is the land that the property is built on, which can complicate things.
Choosing Your Location
Bangkok is a massive city with many areas having high-rise condo buildings where you can purchase a property. You will want to research any potential places that you will live in extensively, to ensure that you are going to be comfortable staying in that location. Choosing an area close to public transport networks will increase the price but can save a lot of time and hassle when you need to travel.
Let An Agent Assist You
When you want to buy a condo, Bangkok has a lot of property agents throughout the city, and you have large companies, as well as independent agents that can help you find the perfect property for you. The beauty about using the services of an agent is that it will not cost you anything, as they earn their commission for the sale or rental of a property from the owner, making it cost-effective for buyers to use their services.
Read The Small Print
Before you go ahead with the purchase of a property when you find something that you like, you must go to the juristic office and get a copy of the rules for tenants. Here you will be able to find out about the charges for electricity and water, as well as any monthly maintenance charges you may incur. There will also be rules for the building that you must adhere to, and finding these out in advance can prevent headaches in the future, and problems with your neighbours.
Do Not Rush Your Decision
The best piece of advice when it comes to purchasing a condo in Bangkok is not to rush your decision Take your time and also shop around, as it is a buyers’ market and there are plenty of properties available. Take time to consider all your options before making your decision, and you can help to prevent any regrets of buyer’s remorse further down the line.