When a former family with a status with a house in Bangkok And would like to have a vacation home as a second home to go on vacation with family In the past, vacation homes were very booming. Both project owners and salespeople cheered about the need for a villa. Some say it's for a vacation without having to pay for hotel rentals. or some say that it is available for rent by the project will take care of it There are many reasons that make buyers amenable.

But nowadays, new generation investors are starting to find more knowledge. If already invested, think about more returns. therefore changed from investing in villas to investing in condos in the provincial tourist towns instead Many people come to inquire about problems and techniques for investing in a villa or condo in the provinces. Therefore, this article will tell about 5 techniques before starting to invest in villas - vacation condos.

1. Goal

First of all, we have to ask ourselves that question. We will invest in vacation condos. What is that for? Invest to buy to live by yourself. Take your family on a trip or to rent If investing to live by yourself The answer is no need to think too much. Don't worry about returns. Don't worry about finding someone to rent. Just think that you often find free time. To come and stay for a bit worthwhile

or if there is an investment goal This one requires a little more thought. Because having to look at the rental return The price we have to invest Tenant target group Let's say that the first technique we have to set a goal first, what will we invest for?

2. Location

Techniques for investing in real estate Whether it's housing, houses, condos, townhomes, apartments, everything has to start at the location. That we will invest in a vacation home or condo in that province. The first thing we have to consider is that it is a province that we like. We go often and like the atmosphere. Some people like sea towns, mountains, university towns, etc. This is very important because if we invest in the city we like. We will learn and understand the potential of that city very well. because the heart is We must love to survey in places we like and are familiar with.

3. Investment budget

The third technique is to set an investment budget that condos in other provinces How much investment capital do we have? Setting an investment budget will allow us to know the target group. For example, investing in a condo in Chiang Mai costs 900,000 baht, so the rent should be around 6-8%, which will be around 4,500-6,000 baht, which will allow us to roughly know the target group. okay

4. Target group

This technique is to determine the target audience that Condos in other provinces that we will invest in, who are our target groups? For example, if we like to go to the sea, Hua Hin will invest in condos. in case, maybe going to live by yourself or maybe renting it out If rented out, will be Thai tourists or foreigners or invest in condos in Sriracha maybe a Japanese group Working group, which ranges from employees to executives. Or you can invest in condos in other provinces in the city of education to let students rent, such as Chonburi, Khon Kaen, Chiang Mai, Phitsanulok, etc.

5. Visit the area

Entering the area is a survey, sure enough. The important thing of investing in real estate is surveying. In addition to finding basic information from the Internet. Getting information from real space is very important. Because it will allow us to get real information to assess whether the investment in that place is worthwhile or not. What should I look at in the actual area?

Things to look at, such as who owns the project What is the reputation of the project, room type, view, buying-selling price, rental price, how much is the demand of tenants? and the overall environment is livable or not How's the atmosphere? Sometimes we may use feelings or intuition as a decision maker.

From the above 5 techniques, it can be used to choose to invest in a vacation home or condo in the provinces comfortably. For safety and to reduce risks if everyone will invest in a provincial area that is not in the area that you are familiar with, one thing is that you must truly fall in love with that location and understand the potential of the area to invest well. will be rewarded Yui believes that everyone will be happy every time they go where we invest.

Source: https://www.krungsri.com/th/krungsri-the-coach/investments/investment-knowledge/tips-before-invest-condo-resort

Date 17/2/2023