Mister Fixit

25 minutes ago, kingofthemountain said:

the kasikorn calculator gives 14100 thb\months with 5,97% interest rate

https://kasikornbank.com/en/Calculator/Home-Loan

of course i am sure you could find a better rate in another bank

and don't forget, the longer the loan is, the more it costs in interest

Thanks for that, most helpful.  I know she banks with Kasikorn and so do I.  

I made an assumption that she earns 30,000 a month and that gives a loan eligibility of about 1.7 million baht over 25 years and repaying 12,000 a month.

So it looks like my current rent money will need to be supplemented by her by at least an extra 2,000 baht.  I think I'd be suggesting 8 or 9,000 from me and 3 or 4,000 from her.  After all, she IS going to be the owner of a property and I will have nothing other than a roof over my head until I die.

5 hours ago, BritManToo said:

Mortgage is calculated on applicants income, outgoings are not considered.

My misses got a 1.5MBht mortgage using forged 25k/month wage slips, they don't check that hard. (if you agree to buy their 20 year cash up front life insurance policy)

Interesting.  I asked the wife what she thought her daughter earned but she said they'd not talked about it as it was private.  However, she did say 'praman saam meung gwah' - about over 30,000.  The daughter is a warehouse supervisor with a large Thai-Japanese company and has about 8 years experience, but I think 30k may be a bit high.  

However, her payslips would be genuine if it comes to an application.

Just for the sake of it, any ideas of what a loan of say, 2 million would likely cost over 25 years in monthly repayments?  Just a rough monthly figure.

I have no idea whatsoever of Thai interest rates and loan calculations.  

3 hours ago, BritManToo said:

Can't say I've had this problem with my builder.

He gave me some sketches of what he thought I wanted, and I changed them to what I wanted.

Our only differences were he wanted the concrete posts to be 10x10cm, which I thought was a bit small and changed to 20x10cm, and he wanted 180,000bht and I changed to 150,000bht. We haggled about the installments as well, but settled on 80k when he broke ground, and the final 70k when he finished.

 

No Thai language skills were required.

Although we've not settled on the tiles yet.

I've been asking around elsewhere and this seems to be more common than the horror stories the Moaning Minnies seem to love.

I've always found that if you treat Thais with respect, are polite and always smile, as well as try to speak at least some Thai, you will always get pretty well what you want.

But as I have repeatedly said, I won't get involved in the building to any great degree.  The family are paying for and dealing with everything, so I will only stick my oar in if there's something I particularly disagree with or think they haven't considered or forgotten.  

Apart from anything else, it's over 40 kms away and no local transport so it's not as though I can easily pop over for a nose around.

The journey looks simple, but believe me, it isn't always.

5 hours ago, AlfHuy said:

Sorry for questioning.

You want your daughter to get a mortgage for a house, where she won't live.

She can't make a repayment of 10k a month.

How would she get a mortgage? I'm sure, the banks would like to know if she can afford to repay. She most probably is paying a rent somewhere else and has other expenses. If she can't show, that a (let's say 10k) monthly repayment can be afforded, how would she get the money?

On top, what happens, if she want's her "own" house to live in but can't get a loan because she got already one.

For how long would the mortgage be? You are in your 70's and basically the guarantor.

 

Wish you all the best and that's things go the way, you and family wish.

Not a problem questioning, but you really should have read the full thread from the start.

To be honest, I can't be bothered to re-write everything you haven't read, but let's try to correct some suppositions and assumptions.

You want your daughter to get a mortgage for a house, where she won't live.

No, I DON'T 'want my daughter' to do anything because 1) she isn't my daughter, 2) SHE wants to get a mortgage to build a house on family land, not me, and 3) where she WILL live but probably only at weekends due her work being a good distance away.

'She can't make a repayment of 10k a month.'

You seem to have just made that up because that's not at all what I said.  My wife asked me if, when we move there, I could use the money I will no longer be paying in rent to help towards the instalments.  That may be the full 10 grand, it may be less, but 10 grand is a maximum for me.  Perhaps her daughter can pay half and I pay the other, who knows?  She hasn't even applied for anything yet!  It's all in the air, because you seem to have forgotten that this is just a proposal so far.

How would she get a mortgage? I'm sure, the banks would like to know if she can afford to repay.

If you had read all the posts, you've have seen me say she has a decent salaried job but until she approaches a bank, no one in the world will know what the outcome will be.  She may be refused, she may not.  She may be offered a loan less than the cost of building so it'll all be off.  And of course a bank will assess the ability to repay before anything else.

'She most probably is paying a rent somewhere else and has other expenses. If she can't show, that a (let's say 10k) monthly repayment can be afforded, how would she get the money?'

Again, yet another supposition based on nothing.  She is NOT paying a rent elsewhere and does not have other expenses that I am aware of.  She lives free at her aunt's house quite a distance away as it's closer to her place of work.

'On top, what happens, if she want's her "own" house to live in but can't get a loan because she got already one.'

If you'd read the thread in total, you would have seen that she and her mother will own the house, so she will already have one.  Why would she sell it?  That remark makes no sense.

'For how long would the mortgage be? You are in your 70's and basically the guarantor.'

Again, had you read the thread, you would have read that I will be having nothing to do with the land or borrowing the capital needed to construct a house.  That - as I have repeatedly said -  is family business and I don't expect, or want, to be involved.  And no Thai bank would accept a 72 year old foreigner as a guarantor, not would I ever offer to be one.  

Nice try, but it really does pay to fully comprehend a thread before posting advice or questions based on not reading properly in the first place!  ????

But nevertheless questions which need to be asked had they not already been dealt with.  

And thanks for your good wishes.  The way some Moaning Minnies are thinking I will need them from the get-go!  ????

5 hours ago, Smithson said:

No matter how tempting, don't build a western style house, take the climate into consideration. Have lots of shade, ventilation and no sun hitting walls or windows. There's so many large houses here where the families spend most of their time outside under a tree of in a sala, because it's cooler.

 

Also consider an outside kitchen, even if it's a second one. Some places have a double carport with a small bathroom and kitchen. This is very practical and can get a lot of use.

Yes, I have considered an outside kitchen as well as a carport, but the idea of a double carport with kitchen inside sounds a very good idea.  Thanks for that.  

Good advice about the Western style house yoo.  That plan I posted was just something I saw which is a perfect layout for what I had in mind for the ground floor, but I am sure it could be adapted to Thailand.

3 hours ago, ThaiFelix said:

Nobody said you dont speak Thai did they?   I said "if" ??  Try reading my post first.

 

And  "if" you dont speak Thai and have to go through your wife everytime they ignore your plans or they cut a piece out of your toilet door because they have hung it swinging the wrong way etc (yes Ive seen it) you may very well get close to divorce.  You obviously need to read more building posts.

 

And the way you have reacted to my post also suggests that indeed you wont make it through without some calming medication lol!

I see I have hit a sore point with you, from your responses and your numerous laughing emojis.  There's always one who'll spoil a perfectly decent thread.  ????

And you obviously haven't real all MY posts properly, because I have said numerous times that I will not be doing any building.  That's the family job, using their local builders.  I've only said it about a dozen times, can't see how you missed it!  ????

I do some finishing, such as I might fit the kitchen, possibly a bathtub, I might install extra sockets, but that's it.  

As to calming meds, and from my first sentence, you might want to try some yourself.  ????

Chok dee, old chap, but I think I have had better advice from other posters.  

I saw this plan on Pinterest earlier.  Pretty well what I'd want the ground floor to be like.  No sizes mentioned, but they can be calculated later.

Big kitchen inside which can be for eating too, back room for laundry, rear bedroom can be my hidey-hole, decent size bed 1 and living room.

No pic of the upstairs though but it's a start.

4 minutes ago, kingofthemountain said:

A lot of models available in Homepro (and probably all the others big shops)

here the luxuous one 

https://www.homepro.co.th/p/1023649?lang=th&gclid=EAIaIQobChMIzYuU__ya8AIVEnkqCh0jkADDEAQYByABEgKnpPD_BwE

 

Wow, that's pretty upmarket at 45,000 baht!  No need for anything like that.  

Plenty baths here https://www.homepro.co.th/c/BAT05

The first one at 6,590 looks OK.  

3 minutes ago, kingofthemountain said:

A lot of models available in Homepro (and probably all the others big shops)

here the luxuous one 

https://www.homepro.co.th/p/1023649?lang=th&gclid=EAIaIQobChMIzYuU__ya8AIVEnkqCh0jkADDEAQYByABEgKnpPD_BwE

 

The only dficulty will be for the constructor, the bathtubs are usual in a lot of condos

in the touristics and urbans area, but very rare in a rural area, so it will be probably the first

time for him to install this sort of thing, not a big deal imo, now with internet they know how

to find the information and how to do something.

I can install a bath easily.  

12 hours ago, whaleboneman said:

Put in an ensuite bath. You don't want to share a bath with all your new Thai friends that will be visiting.

Now that you've cleared you meant bathROOM, I wouldn't have it any other way.

I'd want an ensuite downstairs and if the daughter has an upstairs bedroom, she can have a Thai style shower room next door.

29 minutes ago, whaleboneman said:

 

Sorry, when I said bath I meant bathroom. Rarely saw bathtubs in Thailand.

Ah.  But never mind, I may well think about that idea of a bathtub.  I like a good soak at times,  and the wife got to like them in the UK and other places we've travelled to.

Any idea of possible cost of a proper sized bath?  If my knees worsen (and they will - I should really be having an op by now), then a hot, hot bath works wonders for the joints.

EDIT - the wife says no bathtub.  We'll see about that ...  

1 minute ago, kingofthemountain said:

For your first point why on earth the sister in law would agree do that?

It will be very unusual in Thailand, from my experience i nerver heard of a Thai giving away for free his land, even to a family member.

(The only exception being the old people sharing their lands between the child before their death, to be sure all is done correctly)

 

As for it is a rent you will be paying or not, well if you prefer see it like a regular donation why not, but since the loan is not in your name, nor the house, and you are going to give to another person a fixed amount of money every month and in counter part be allowed

to use the house, personaly i call it a rent, even if you don't have a lease agrement.

 

You expect to pay less than 10 000, and that should be logic as you actualy live in a relatively ''hi so'' mooban in Bkk area and you are moving in a very rural area, but with Thai logic you should be prepared to pay the same amount.

 

Or maybe try to be very clear on this point with the family BEFORE to start the move it's very important for them to know how much you are ready to put in it,

Ideally put it writed on a paper in Thai and english and signed by all the parties aka you, your wife, the sister in law and the step daughter, this way everybody will be more secure

Well, according to my wife, the younger sister is prepared to give her the land, and apparently the youngest sister is also making noises about the same thing.  This is a very close-knit family and the one with the land is a very strong Buddhist and has a very well paid job, and I think sees it as her family duty to help other members who are less well off.

But my wife's younger brother has also been buying up local land and has had it already transferred to his two older children.  I think that's not uncommon.

My wife says she's had a chat with the sister and thinks she won't get the full 400 sq metres, but more like 200.  That's still plenty to build a decent house and have a garden.

As to whether we call the monthly loan repayments rent or not, it's irrelevant really.  I see it as the method by which my wife and her daughter will be able to own property and my wife will have somewhere to live after I pop my clogs.  I'm 72 and in good health apart from my knees, so we'll live on the ground floor, but as my mother lived to 101 and I most definitely have inherited her genes, I am hoping for another 20 years - fingers crossed!  ????

But of course, we never know if one fine day a huge truck will come barrelling out of a side soi and smash you and your motorcy to bits ...  

19 hours ago, chilly07 said:

Don't. Plenty of good already built houses at low prices and you can see/survey what you are getting. You also get additional land if you don't build on a family plot plus you can get a Usufruct to protect your investment. Don't forget rent attracts land tax.

Yes, but the whole idea is to build on already owned land close to the main family home.  Thai families always like to live close together.

Nor would I be paying rent.  I would be indirectly paying the monthly loan repayments via the daughter's bank account.

15 hours ago, Foghorn said:

My advice would be keep it simple and think about the possibility of adding rooms easily when the time is right , use the heat resistant blocks that are glued together because at the end of the day it doesn’t cost more but is more pleasant . Buy materials alone ,not let builder decide

Yes, good idea.  The daughter is almost 30 and unlikely to marry (she's HUGE and lazy, has had boyfriends but none special) but if she did, we may need to tack a bedroom on the side.

I have no idea about building materials in Thailand - do you have a link to those blocks?

21 hours ago, kingofthemountain said:

however iirc you explained that you were epected to do the payments on the loan

(As a monthly rent) so imo that means you are the one making this project possible

without your finance, is the sister (And his family) going to build the house?

If the answer is not, then you should be listened with your inputs and you should

make the final decision, at least for the validation of the house plan.

 

As I posted downthread, I am not quite sure how you have reached the conclusion that I will be paying monthly rent on this prospective house.  I pay rent currently where I live now, but when my wife first mooted this idea, she said that her daughter would apply for the loan due to her salaried job, and when we moved, could I use what I pay for rent now to pay towards the loan repayments.

I said that I could pay a maximum of 10,000 a month but preferably less. I suppose I would make a monthly transfer to the daughter and I imagine the bank would make monthly deductions from her balance and she'd have to make up any shortfall.

17 hours ago, kingofthemountain said:

i agree with you

 

however in the OP case it's not a problem at all

the house will be in his Thai sister in law name

 

the OP is suposed to only pay a rent to her, and she will

use this money to pay the monthly due to the bank for the loan

the OP will never be the owner of the house (He doesn't want it and

anyway he can not afford it) then he will never had to sell the house

if he decides to return to his home country.

Well, not quite correct, on a couple of counts.

At the moment, the sister in law owns the land, but we don't know yet if she will either 1) donate the land to my wife (who is her next older sister) and her daughter and do all the necessary legals to transfer ownership so the house would be in my wife and her daughter's names, or

2) keep the title but do some sort of document allowing my wife, me and her daughter to build a house on the land, with some sort of uninterrupted usage for our lifetimes.

Also, (and not criticising here) you and other posters are talking about me 'paying rent' to the sis in law.  That's not correct - as far as I can tell, the plan is for the step-daughter, who has a reasonably well paid job will apply for a loan to build the house and I will pay 10,000 a month (or less if possible) towards the repayments, being the amount I am paying in rent for my current place.  I won't pay any more than I am paying already otherwise what's the point?  I may as well stay here where I have lived for 13 years, like it a lot and it's extremely convenient.

As to permanently returning to the UK, that is highly unlikely unless there are mass deportations.  And as I can't ever own land in Thailand, I am well aware that it will never be mine.

20 hours ago, 1FinickyOne said:

you can figure 10,000 per sq m. and up from there. 

 

you might also want to consider a bedroom on ground floor for yourself, at 72, knees can get shaky, if not now, in the future.. 

 

When we built in the village a long time ago, we went around w/a few different builders and looked at houses they had completed... we saw a house that we both loved and told the builder to put that house on our property.. and he did and I was 98% pleased which is pretty good. 

 

We have been together near 20 years and never had a lease/usurfruct agreement - same age range now as you.. but, since you are contributing 'rent' equivalent, not sure what you are risking. Of course as in any business deal, never put more on the table than you can afford to lose. 

 

Good luck and my best advice is to go around w/a local builder or two... if it is similar to a house they built before, they will know the price... 

Good post.  I think I mentioned a few posts up that the plan now was that we would have the ground floor and the daughter would have a bedroom and bathroom, plus maybe a small storeroom on the upper floor.

So the ground floor would be a living room, bedroom, a study/office/escape room for me, plus a bathroom and kitchen, with a covered area outside for laundry etc.  Oh, and some sort of car port for my bikes and general tat.

Like you, I think we've been together for 14 years and she's never pulled any stunts, been to the UK 6 times and my family all love her and her family are pretty straight.  I think it's highly unlikely that we split up at our ages, not least because if we do, she and her daughter will have to make the repayments themselves and they can't.

I mentioned upthread that I pay 10,000 a month rent for a nice medium sized 2 bed, 2 bath semi in a quite hi-so mooban and that's the limit of my payments, less if I can manage it because I think the daughter should make a contribution as well.  

My wife says they know all the local builders so having a look at what they've done can't hurt.

I looked at a website a few days ago which gave a range of prices per sq metre, and if we calculate on 12,000 baht per sq m and borrow about 2.5 million. we should get something quite tidy.

7 hours ago, whaleboneman said:

Put in an ensuite bath. You don't want to share a bath with all your new Thai friends that will be visiting.

Good idea.  I love a hot, hot bath.

I doubt anyone else in the family would use the bath anyway, and I doubt they have ever used one in their lives either, only the wife when were on family visits back to the UK.

8 hours ago, whaleboneman said:

Because you can make rooms any size you want.

Quite, which is why I wondered why another poster seemed to stipulate a 4 metre grid

16 hours ago, soi3eddie said:

 

In provincial areas about 2-3.5 million Baht built with land. Typical moo-baan style though they are mostly single storey. Expect 3 bedrooms, 2 bathrooms in that 2 storey. 

 

The land for building will be free, being given by a sister who bought a larger area recently and my wife is hoping for about 400 sq metres, or 100 wa.  

At the moment it is a rice paddy, so I have no idea how stable it will be for building on.  With luck there will be some area which isn't a bog.

Their problem, not mine.

16 hours ago, kingofthemountain said:

The use of a local contractor is imo the best way to go

you can see the houses he has already build in the area

and he usualy has his own team of local workers

they also know where to find the best quality\cost materials in the area

and they are usualy well aware of the locals administrative requirements

It really can save you a lot of headaches and problems

 

 

Yes, I agree.  Bear in mind that the building work will be out of my hands.  This is a family thing, but the wife has explained that they have lived in the area all their lives (her father is about 84 and was born there so they go back yonks) so they know the local people to use and who does what best etc.

I hope I can give some input and will be listened to - I think they will, but as to plans and so on, they will be making the final decision.  

16 hours ago, gunderhill said:

wrong ,standard  sizes are max 4  metres for  column  placement

So why are the rooms in my current house all 4.75 m wide?

11 minutes ago, BritManToo said:

3 bed, 3 shower (1 ensuite), living room and kitchen downstairs.

55TW plot (I hate gardening).

Excellent!  Just about what I want but an extra room for my escape room so could forget a bathroom and pinch some space from somewhere.

So downstairs would be a living room (doesn't have to be large and could be combined with kitchen), a bedroom for us, an 'escape from the family' room, a bathroom (ie shower, wash basin and loo) and a kitchen, but see earlier.

The wife was hoping to get 100 tarang wah or 1 ngan but thinks she may have to reduce it. 

Shame, because I used to love gardening and I want a garden if I possibly can.  I used to have a plot and a half private allotment in the UK in the 80s and it fed us (family of 5 at the time) very comfortably all year round.

20 minutes ago, gunderhill said:

How anyone can answer that? I don't know because you dont know the size, its  like  how  longs a piece of string.

I was asking for an estimate, not something 100% cast in stone.  ????