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Posted

That looks like one of the Emperor House designs. I'm literally about to do something similar, although much lesser scale (err much lesser), although on quite a sizeable plot of land.

 

Would love to follow the journey.

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Posted
1 minute ago, AndyAndyAndy said:

You're missing a goal or a purpose in your life as an early retiree, so you're compensating with this house project. It will be fun while you're on it, but it won't solve the issue.

Fair enough. Something worth pondering on. Thanks for the input

Posted

Whatever you do make sure you still have liquid assets - second hand property (especially "in the stick" is not popular with Thais and will probably require purchase by a Farang.

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Posted
16 minutes ago, Negita43 said:

Whatever you do make sure you still have liquid assets - second hand property (especially "in the stick" is not popular with Thais and will probably require purchase by a Farang.

  Yeah, good point. I'll have enough :) My only concern atm is how to move the money to thailand to pay for the house without paying the 35% income tax. Got to wait and see the fine prints of the new law.

11 minutes ago, ukrules said:

I find these houses with huge rooms a bit off putting knowing that I will have to wait quite a while for the AirCon to do its job every time I turn it on.

Good point. I'll have enough solar to run all the AC's during the day, so not really a problem for me.

8 minutes ago, Denim said:

 

I have an American acquaintance who built something similar but with only 5 bedrooms. Used local builders.

Predictable disaster.

 

Finished it with many problems , leaking roof , cracks etc. Gave it to his in laws in the end and moved to the outskirts of Bangkok where he again purchased something similar on an exclusive development for twice the price and very few issues.

 

For something that big with that many rooms a few live in servants will be needed to keep it clean . Good servants hard to find unless you really pay top dollar.

Yeah, that's one of the problems i'm considered also. Might need to hire someone to ensure the quality.
Getting the people to work for us will be a challenge for sure, as i live in middle of nowhere.
Thanks for the input :)

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Posted
37 minutes ago, Adumbration said:

Sigh....

 

Another fake account posting nonsense.

 

Are there any real people left posting on this forum?

 

 

ouou, ououo, me!

Posted
14 minutes ago, lost in isaan said:

Might need to hire someone to ensure the quality.

And hire another person to ensure the quality of the quality controller while you keep a sharp eye on the entire process.

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Posted
5 minutes ago, Kinnock said:

You've managed to foresee many of the potential issues.

 

We built a large(ish) house on a plot we bought near the coast, and while we're happy with the place, we did encounter some challenges:

 

1. Unnecessary costs - We have more space than we need, but each room still needed furniture, AC and electrics etc ... so effectively it was wasted capital.  Then there's the cleaning - unused rooms seem to be dustier than used ones.

 

2. Time spent walking - depending on the design, you may need to walk through unused rooms to get where you want to go.  Sounds trivial, but the extra time and distances mount up when you forget where you left your phone 5 times a day, every damn day, and have to go on tour.

 

3. Raised wife expectations - status is everything in Thailand, and now your car(s), clothes, soft furnishings, pets etc will need to be upgraded to match the house.  And don't forget the ginormous TV's and mega sound system needed for the bigger rooms.

 

4. Her family - their expectations of support from the 'rich falang' will rise in proportion to the house size.  And if you don't deliver, their bitter resentment will rise on a  logarithmic scale.

 

Our house (yes I know it's hers, but I wanted that as I also have property in my home country) was only oversized by two large rooms and one excess bathroom - but the above principles still apply, and looking at what you're planning, your issues will be magnified.

 

My advice .... just build what you need to live comfortably and don't show-off.

Thanks for sharing. Really good points

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Posted
1 hour ago, AndyAndyAndy said:

You're missing a goal or a purpose in your life as an early retiree, so you're compensating with this house project. It will be fun while you're on it, but it won't solve the issue.

 

Cool beans.  You have a hobby to keep you busy for a year or three.

 

You complete a ginormous house you don't need and probably don't really want.......then what?

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Posted

Revenue department will be happy, a lot of that money will be taxed at 35%. Otherwise I have never heard of sinkholes in Issan.

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Posted
1 hour ago, ukrules said:

I find these houses with huge rooms a bit off putting knowing that I will have to wait quite a while for the AirCon to do its job every time I turn it on.

That's why they often install two (or more!)ceiling units in large rooms.

Posted

To heal wife? Maybe you will go worse and she doesnt even want to live in that house, you want to force?

You also bring more problems to her, as you yourself named some negative items which could occur, 

Here's some i thought so far:
- I have to hire staff to keep it clean.
- More people will annoy us when wealth is obvious. It's been quiet so far. Only had some people asking for money when we first moved to the village.  (I like to keep to myself mostly)
- Visible jealousy

- Unwanted attention. Potential thieves and people with bad intentions.

- I have seen how power and money can change character. Might happen to my wife.

 

SO do you really want to go there? Having fun(?), you will have your estate, but loose all other. 

The last remark you made probably also applies to you. You said it yourself.

Succes.

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Posted
44 minutes ago, Lacessit said:

IMO the OP now holds the title of the best bullsh!tter on ASEAN.

Perhaps the author will turn out to be a one-hit wonder.  I recommend collecting a few more samples before leaping to a conclusion.

Posted
4 minutes ago, gamb00ler said:

It sounds like the funds you intend to use for building your house have been earned before 2024.  If that is true it should be easy to prove that the funds are NOT taxable by Thailand.  Many AN posters seem to believe that any remittance will be taxable.  I think that is a very unlikely outcome.  The "new" tax rules have already been clarified that any income from any year before 2024 will not be taxed even if remitted to Thailand.  I don't think you should worry about paying Thai tax on the money you remit to be used for building your house.

 

Personally I would spend a lot less money on the house and much more money on hiring excellent gardeners, and cooks to preserve my health.  In Thailand the pesticide residues are a serious problem that will takes years to manifest.

The funds i will use for my house are currently invested in stocks and crypto. So technically they are not earned before 2024? But yeah, i'll wait it out and see how it plays out. Will contact a lawyer/tax specialists before i move anything to thailand.

I totally agree with you on the health issue :) The village i live in is luckily pesticide free (They were banned quite a few years ago) and we get most of our food from locals. Meat and exported food is another story.

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