sirquest007

Apparently I can't edit anymore. Our view :-).. Way too many roofs in sight. The average "village" or gated community, 13 in a dozen. Ours is "luxurious".. there is at least some green and a small park. But for someone used to be living out in the middle of nowhere... It's way too many people! Way too many roofs ????

Yes, many horror stories of people losing many millions. Divorce is always messy, no matter what country. The best advice is always, never invest more then you can walk away from. A land lease of 10 years, you pay the rent upfront, or at least a large portion. There won't be an increase in 10 years. Simply put.. With DIY a reasonable house is 5-600.000 thb. Our IKEA kitchen, bathtub, water filters, solar and air conditioning units already there. Walls, roof, some windows, doors, plumbing and electric.. That doesn't have to cost that much. Many materials we can reuse from our other house, without cannibalising too much ???? (Depending on how life develops, we might return to Udon) If the rental costs are acceptable, in 4-5 years, the house construction is paid back, compared to renting similar space. I don't mind renting, not at all. Sadly most the houses we see are urban, not enough green and too many other roofs in sight. The ones that have enough green and not too many roofs around... So crappy insulated, electric consumption goes through the roof. Even 10 solar panels (3500w) aren't enough to keep a 4*4 room at 27c.. (Daikin Inverter type high efficiency inverters) What does one expect with 7-10cm thin walls 555.. Good to know it is allowed! And yes, after the 10 years.. Might just need to pack up and start at a new location. 10 years... That is a mighty long time ????

nting/leasing farm land. More or less the same as owning it, except you don't pay mortgage and when you leave, you can't sell it ???? Right?? Most my live I have rented houses, because it suited me. Done lots of changes in the garden, sheds, replaced kitchens and bathrooms, carports... All the things a home owner would also do. With the knowledge that when I leave, I need to tear it down, or the owner is willing to have it. (Kitchen and such ,the owner agreed) One might say it's a stupid investment, others understand... Living 10 years or longer in the same house, what is really your costs for the bathroom or kitchen? and 10 years enjoyed the additional luxury ???? Besides this, I enjoy the DIY. Back to topic. If I would buy 2-3 Rai of agriculture land, I would build a small farm house on there. Building costs 4-600k My wife lived all her life on a remote farm, you can take the girl out of the farm, but not the farm out of the girl. Due to air pollution, we relocated to Ban Chang, rent a reasonable nice house in a gated community, and there is nothing "wrong" with it, except it ain't free rural nature. So we like to build, lovely mountain area around here. Lots of agriculture use, cassave and pineapple seem to be popular ???? Poking around to get some price indication.. 3-4 million per Rai! Now that is a lot. Udon Thani, Phen area (we lived there 5 years, well I did, my wife a whole lot longer ) , at a concrete road, water & electric.. 80k per Rai. Sadly... That's the environment we left due the pollution (COPD) Absurd amount of difference. And frankly, my wife isn't looking forward to mortgage. Just brainstorming here... What is the problem for leasing the land, say for 10 years, have maximum rent increase in the contract and extendable for another 10 years. ?? Small farm home and mini farm for own consumption. That should not be a legal issue to get it allowed by the land office (if needed to ask) Besides.. 4-600k construction costs, that's the same as 3-4 years of rent. The lease of 10 years is enough to "earn back" the investment. I read about land lease 3k per year.. (thread from 2020) Say it's 5k here, Ban Chang area. 2-3 Rai, more then enough. Mortgage payments would be 350k per year (9 mil) And yes, after 30 years or so, you would own... Compare this to 15k per year.. (One Rai 5k rent, 3 Rai=15k) That's a huge difference I'll be 85 by then and probably 6 feet under. My wife probably will go back to the family farm, my pension will continue to her... No financial problems or need for this enormous investment. We don't need or want to buy. Absolutely not want at those prices.. 3-4 mil... Crazy! Just build our small farm in the middle of nowhere. No need for electric or water We didn't have in Udon.. So solar and pumps are already available. Is it possible to build a small farm house in rented agriculture land? And what are the possible storms in the future? Thanks in advance for your thoughts & input!!

I know it's an old thread, perhaps new life ???? Renting/leasing farm land. More or less the same as owning it, except you don't pay mortgage and when you leave, you can't sell it ???? right or wrong?? Most my live I have rented houses, because it suits me. done lots of changes in the garden, sheds, replaced kitchens and bathrooms, carports... All the things a home owner would also do. with the knowledge that when I leave, I need to tear it down, or the owner is willing to have it. (Kitchen and such ,the owner agreed) one might say it's a stupid investment, others understand... living 10 years or longer in the same house, what is really your costs for the bathroom or kitchen? and 10 years enjoyed the additional luxury ???? besides this, I enjoy the DIY. back to topic. If I would buy 2-3 Rai of agriculture land, I would build a small farm house on there. Costs 4-600k My wife lived all her life on a remote farm, you can take the girl out of the farm, but not the farm out of the girl. Due to air pollution, we relocated to Ban Chang, rent a reasonable nice house in a gated community, and there is nothing "wrong" with it, except it ain't free rural nature. So we like to build, lovely mountain area around here. Lots of agriculture use, cassave and pineapple seem to be popular ???? Poking around to get some price indication.. 3-4 million per Rai! Now that is a lot. Udon Thani, Phen area, at a concrete road, water & electric.. 80k per Rai. Sadly... That's the environment we left due the pollution (COPD) Absurd amount of difference. And frankly, my wife isn't looking forward to mortgage. Just brainstorming here... What is the problem for leasing the land, say for 10 years, have maximum rent increase in the contract and extendable for another 10 years. ?? Small farm home and mini farm for own consumption. That should not be a legal issue to get it allowed by the land office (if needed to ask) Besides.. 4-600k, that's the same as 3-4 years of rent. The lease of 10 years is enough to "earn back" the investment. I read about land lease 3k per year.. Say it's 5k here 2-3 Rai, more then enough. Mortgage payments would be 10 times higher (!) And yes, after 30 years or so, you would own... I'll be 85 by then and probably 6 feet under. My wife probably will go back to the family farm, my pension will continue to her... No financial problems. We don't need or want to buy. Just build our small farm in the middle of nowhere. No need for electric or water We didn't have in Udon.. So solar and pumps are already available. Is it possible to build a small farm house in rented agriculture land? And what are the possible storms in the future? Tia for your thoughts & input!!

I'm absolutely curious how this played out. Por tor bor 5, many plusses and many negative. In the next 50 years or so they all will be converted to canote. 50 years ago this was the only way to own land. As long as no one challenge and you have been squatting there for more then 10 years.. The land is legally yours. (As Thai person) 10 years isn't that long ????

Thank you for sharing ????

Thank you for clarifying when the last increase was. I tried to find it and failed... I would not be surprised if it's raised to 1 million and 80k For marriage to 500/50k One should always prepare for devaluation. Apparently the Thai government gave us + 20 years ???? If they match it to the value of 800k from 20 years ago, we are looking at 1.5-2 million as requirement... Marriage to 800K-1Mil (or 65-75k) We will see in the next few years. Big change like that will be ugly.