There are occasions when someone may head away on holiday somewhere for the first time and they instantly fall in love with what they experience. It might be the food and the weather that means that they immediately start saving when they return home so that another visit can be made. Others may have been blown away by the nightlife or the hospitality of the locals.
This can sometimes lead a regular tourist to decide that rather than paying for a hotel each time that they visit they would be better off purchasing a property, which might be let by a management company when not occupied by the owner, who may end up retiring there. Here are 5 things to consider when looking at property for sale in Pattaya near Walking Street.
- Whether it be a home, hotel, or business property the same principle applies. Its location is crucial if it is to be enjoyed fully. Where a property is situated can mean saving money on transport if other places of interest are nearby, while it can also mean that its purchase proves to be an outstanding investment if in a desirable part of town. It is most sensible to check out its neighbourhood, as images do not always capture the surrounding areas.
- Likewise, visits should be made to see the property. Thailand is very different to many western countries. In the Land of Smiles the noise levels can increase hugely after dark as entertainment complexes open and night markets attract huge numbers and increased traffic. Therefore, an evening visit is also recommended to make sure watching a new TV is pleasurable.
- Often a property might look to be ideal and everything a buyer is looking for. However, things might change within a few years owing to future developments, such as new apartment blocks being constructed or new transport links opening. That is why buying through a real estate agent is recommended as they will be able to provide such information as they will have their fingers on the pulse at all times.
- Setting a budget and sticking to it is important as well as finding the right mortgage if one is required. If a property is bought but then repayments become difficult to maintain it can lead to abject misery, if it means not being able to enjoy the city where a home is purchased along with its many attractions, once the correct visa has been granted.
- With regards to finance, it is also wise to ascertain what other payments are required, whether it be for community charges which offer additional services, or the monthly bills. Finding out how much they are likely to come to each month allows for better planning so that an unaffordable property has not been bought.
Thailand and Pattaya offer a wonderful place to own a property, saving the inconvenience and cost of hotels, but it is extremely important to check out the financial implications and its location to save potential hassle.
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