If you’re thinking about obtaining a property on the second largest island in Thailand, Koh Samui, one of the first things that you should know is that the entire process is different from all the other countries in the world. This is why there are some things you should keep in mind before you even start looking for properties, and luckily, those things are exactly what we’ll talk about in this article today. So, let’s take a look at the 5 things you should have in mind:
1. Your Research Needs to Be Through
Purchasing a property is one of the largest investments you’ll make in your life, so, you’ll want to consider several things, including the location, type of estate, as well as whether it is a remote and private location or a community. If you can, you should certainly visit the estate you’re interested in, mostly because you’ll want to drive around and see what services you may need such as supermarkets, schools, or hospitals.
2. The Legal Regulations Are Different
The laws and regulations will be extremely different from the ones you have in your home country, hence, obtaining a property might be a little bit complex. Why? Well, under Thai law, nonnatives cannot purchase land, instead, they can only purchase houses, apartments, or villas for sale in Koh Samui. It is best if you hire or schedule a free consultation with an international lawyer that’ll explain everything to you.
3. Think About The Expenses You’ll Have
You should ensure that you calculate and account for every single expense that you’ll have. After all, you won’t want to go through more than half of the process, just to discover that there are some extra fees that you cannot afford and pay for. Hence, you should prepare and think about every single future cost, which can include things like taxes and so on. Again, your international lawyer could help you with this.
4. Location, Location, Location!
No matter what estate you opt for buying, you won’t only make the investment, but you’re also making a lifestyle decision that will influence the rest of your everyday life. So, one of the most important things that you must consider is the location. Think about whether you want the estate to be close to the sea, somewhere remote, or close to the city center. By thinking about all of these things, you’ll make a suitable decision for you and your family.
5. The Weather Isn’t Always Nice
Last on our list, but definitely worth mentioning is the fact that you should remember that the weather isn’t always nice in Koh Samui. This is why you shouldn’t only learn about the climate during summer, instead, you should think about the entire year. The last thing you’ll want to happen is for your house to be damaged during storm seasons, hence, when choosing the location, think about the weather too.
If your thinking about buying an estate in Koh Samui, there are various things that you’ll have to keep in mind. Besides focusing on the location and expenses you’ll have, you must also think about all the legal aspects of buying a property in Koh Samui, which is why you should seriously consider hiring or working with an international attorney that will help you throughout the process of buying a summer home in Thailand.