How to seal your windows – inside and out
November 8, 2022Renfrewshire resident scoops national gardening award
November 8, 2022Have you often dreamed about what it would be like to own your own holiday home in Bangkok, Thailand, but you’ve never quite had the courage to make the jump? If so, this article might just give you that little nudge you’ve been looking for. Let’s look at the benefits of buying a holiday home in the Big Mango!
1. It’s a great retirement plan
As beautiful as Paisley, Scotland is, if you don’t wish to spend your entire life there, planning to settle abroad is worth considering.
And while you may not be ready to settle in Thailand just yet, choosing a holiday home to rent out is a great way to prepare for your retirement.
You can select a lovely property that you’d love to call home, rent it out for profit in the meantime, and then eventually, move in and call it your own.
Not ready for retirement but wish to relocate to Thailand soon? Look at ways to earn online with remote work. You might just be able to turn that holiday home into your permanent residence sooner!
2. It’s a great investment opportunity
Bangkok has seen many crises over the years, and the property market always bounces back. The fact is, Bangkok is a world-renowned location and remains one of the most popular tourist spots in the world.
Even if you don’t plan to hold onto it forever, if you do plenty of research and buy in up-and-coming areas, you’re bound to make a profit when you sell up.
3. Quality building management
Thailand has some excellent infrastructure when it comes to building management. In other words, you can be on the other side of the world and feel confident in the fact that your property is being well-looked after.
You can arrange to have the building management regularly clean and maintain your property for a fee. This means that holiday makers can come and go, feeding you money, while a friendly and professional staff keep everything intact on your behalf.
4. Consistent, passive income
While the holiday rental market in Bangkok is certainly very competitive, there’s a good chance that you can make consistent passive income through holiday rentals.
Yes, it may be difficult to guarantee that someone is always staying in your condo, paying your bills, but if you are in a position where you can afford the extra real estate, the extra income from holiday rentals can be a tidy sum to tide you over.
5. A guarantee spot to relax on your travels
If you regularly visit Bangkok, having a home of your own to enjoy at your leisure is an attractive benefit. And the best part? When you’re not staying in it, someone else will be!
When you buy a property for the purpose of renting it out as a holiday home – while also wanting to enjoy it yourself once or twice a year – you’ll go out of your way to purchase an attractive property that ticks all of your boxes. And if it’s good enough for you, the odds are it will be good enough for the average holiday maker looking for a good time in Bangkok!
Final thoughts: It’s worth some thought
Again, if you have some money spare and you’d like to expand your real estate portfolio, Bangkok is worth a look. Check out the Equinox Paholyonthin-Viphavadee property for some inspiration on the kind of condos available to purchase. You’ll not be disappointed!
