Who has bought a villa recently (In phuket)

[ESLTeacher1989]

I'm thinking of maybe buying a villa in phuket in a year or two, budget probably around (10-15 million baht).

 

- Id like to buy a new villa preferable in the bang tao area

 

Just wondering from villa owners here , what has been your experience with these types of things..

 

-Buying the villa through using a thai company

-Taxes, expenses, maintenance costs with swimming pool etc, repair costs

-General day to day life (Do you regret your purchasing decision, or  do you love having the extra space, swimming pool, a place to entertain guests etc). 

-Mold growth

 

 

 

[nobodysfriend]

Better rent before buying , it can help you avoid unpleasant surprises ... I know what I'm talking about ...

[paahlman]

Taxes on the thai company has to be paid two times a year along with the accounting expenses. Maintenance should be calculated to maybe around roughly 100 000 a year.. That is for paint.. Repair of pipes.. , toilets.. , sprayers.. new tables.. revarnishing.. , oiling up doors.. , windows... Changing tiles.. etc.. It depends if you want to keep it spiffy or not. Gardeners... 2-5000 baht a month.. Pool same.. So there goes around 10k.. then a maid set you back around the same.. So then.. electric, maid, gardener, pool care, and maintenance funds... Around 50 a month or a little less hopefully.... Then there is the new land tax that is around 1-2-3% (depending on ownership and type of house, villa, hotel , business etc..) Then with a villa of this size.. Ecxpect electric pr. airconditioner to be around 1500 pr. month so with 5 airs blasting its 7500.. plus washing machines.. speakers.. tvs.. etc.. garden .., pumps.. all that.. Its easy 10k a month.. If you only use one aircondition 8 hours a night.. of course.. much less. This was a rant.. sorry about that.. , But its more or less.. Put off 200 000 for all expenses a year or a little more.. and you will be on the safe side ... Normally. Renting is cheaper.. but more expensive in the long rund since one normally gain value of the house and land over time.. However.. That is of course not a sure thing. Build and buy if you dare.. It normally comes out cheaper.. But i know people have different needs and different budgets.. and some simply dont care which is fine.. You have to weigh in your own personal requirements and needs. 

Edited September 30, 2022 by paahlman
Typos

[Tropposurfer]

Give Khun a call at Botanica;  https://www.botanicaluxuryvilla.com/about.php

 

He's a great developer and builds really beautiful top quality western spec villas (none of the weird Thai, mind bogglingly wasting space terrible flow houses).

He's got a few projects in and around BTao and a touch north to Layan.

 

He'd be at the top end of your budget for a new/recent build but he does have a few places a few years old (still gorgeous) at cheaper prices I think.

 

If you want help with the contract support, building inspections by a western engineer etc give Veronique a call at Ocean Worldwide Real Estate (BTao) +66 98 542 8512.

This mob know the market extremely well and are very well established. They deal with both high end to more moderate (in the range you mention).

[rbpeters]

If you buy through a company you may then want to consider putting the building freehold in your name and keeping land (as you have to ) in the Thai company. This should stop you having to pay rent to the company and thus reduce tax expense.

[paahlman]

14 hours ago, rbpeters said:

If you buy through a company you may then want to consider putting the building freehold in your name and keeping land (as you have to ) in the Thai company. This should stop you having to pay rent to the company and thus reduce tax expense.

Correct and a viable choice..Just make sure you trust the thai company..(normally the builder or the property management) does not go out of business.. Normally they do.. Not of of bankruptcy but other thing.. Like giving up .. resold or similar.. If so.. its not always granted its an easy transfer process.