BIGGEST MISTAKE? Buying Land and Building a Home in Thailand
ฝัง
- เผยแพร่เมื่อ 25 ต.ค. 2022
- Today we are looking at interesting options to buy land and then build a dream home here in Phetchabun province in Northern Thailand.
Is this a good idea or a big mistake?
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09:55
I think you got it right with the title, Paddy. Buying a house here is only a good idea if you know that you will never try to sell it, because you will always lose money. It's one of very few countries in the world where land/property doesn't appreciate. I bought a 4 bed/4 bath home in an upscale "mu ban" ( หมู่บ้าน) in Bangkok 17 years ago using my company, because foreigners cannot own land outright. You can own the house in your name, but not the land it's built on unless you use a company to buy it. I've maintained it at great expense in "as new" condition (maintaining a house here is very costly because of monsoon weathering every year), but even that isn't good enough for Thai buyers unless I'm prepared to sell it for LESS than I paid for it. And of course the majority don't appreciate Western interior design and appliances so you only ever decorate for yourself - they're quite happy with a fluoro tube and a gas burner on a tiled floor. I totally agree with you about Phetchabun - for me it's on par with Switzerland in many ways and definitely the most beautiful part of the country, But, my humble advice: always rent, don't buy.
I ran across your video… I am a 72 year old woman laying in bed… And I am looking at the world through your eyes… I dream of travel again… Seeing the wonders of this great world we live in. Thank you for sharing your adventures and thank you for being safe. I have never wanted to even visit Thailand although I hear it’s quite beautiful, it’s just never been on my radar. I’m glad I can visit it with you thank you
I had residence in Thailand between 1999 and 2005 and owned a house through a company. My house cost 3m Baht and was already luxery. If I did it again, I'd buy a pickup and only rent. Then move to another place every 1-2 years.
Given all the restrictions around ownership and even living in Thailand long term I just don't see the point in buying in Thailand. Especially since expensive finished homes are often virtually illiquid in the secondary market. The two different friends I personally know that tried to sell up, it took a very long time and they had to sell for less than they bought for.
Hi Paddy, just so you know that I love your videos.
I've ridden dirt bikes since I was 7, and have pretty good riding skills, but I remember one time in Ko Tao when I was really struggling to ride my rented scooter up a steep dirt road to an obscure beach (Hin Wong?) - when an old Thai grandma sailed past on an ancient C90 with 2 kids on board! 😅
Any foreigner has to be very extra careful in purchasing land on which to build a house in any country. There are just so many factors to consider. I guess, the rule of thumb is to first immerse oneself, by renting, within a selected locale, observe the goings-on thereat, and estimate the major stimuli found in the area in the context of one's needs. Two years would be a good duration to do just that. Any hasty decision to buy and settle should be avoided at all cost. 😀
I love your most recent videos, this one especially! 🥰 Really appreciate the sincerity, and the insight into a topic I've been considering for a long while. Thank you!! Stay safe! 😊🙏🏽
Thanks for nice reviewing of Khaokor. I have same thought like your and totally agree on pros of living at Khaokor that you mentioned. I traveled to many place in Thailand from North to South, East to West and never thought to buy second home until I visited Khaokor 10 years ago. Finally I decided and bought a small plot of land at Khaokor Highland Resort where you were allowed to entrance recently. There are many good reasons to support my decision such as security system, neighbors and community, privacy, land and environment management etc. Most of the buyers here are from Bangkok, Phitsanulok, Chiang Mai, Chon Buri, Phetchabun city, and foreigners from like Switzerland. During COVID-19, I work from anyway and my children have to study online last year I spent almost 5 months in total at Khaokor. There are plenty of good restaurants, nice coffee and cafe, traveling spot.
Didn't realize I have yet subscribed until now. BUT, thank you Paddy for taking me to Thailand!!! Always in all of your videos!!! Keep them coming. Fan from the Philippines!!!!
Such a beautiful place! Zelda was doing an amazing job of handling that 'road', but I kept thinking that if you were going up to see the sunset, you'd be coming back down in the dark. That couldn't have been good! But it was fun to see you give it a try for as far as you went! Glad you made it back down safely.
Hey Paddy. I just discovered your channel through this video. I've built my dream villa in Phetchabun valley, right between Phetchabun and Lom Sak. Even after 15 years, waking up with a view of Khao Khor mountains, never gets boring. "Phet" means diamond and the province truly does sparkle. Would be great to meet up sometime and show you the area by motorbike or mountain bike. Close to the highway but 100% off the tourist path. Through rice fields and small villages and to a nearby lake and waterfall (natural slider).
Great video Paddy. As always, your videos are an inspiration.
Imagine those beautiful houses in 23 C weather or lower, wow. Life is perfect.
Loved when you we’re showing us your ‘favourite house in Thailand’ such a giggle as you were sneaking through the community and commentating. A great adventure this video was!
I LOVED the live drone footage with you commenting, you should do that more often
Because of you I went to Petchabun this year!
Thanks for the hard work you put into these videos. Your content ha$ value to me.
We loved Phetchabun too. We were there on a big motorcycle back in February. Stayed in the same unit you did at De Capoc ... fantastic choice ... thank you. Safe travels.