5 Effective Property Investment Strategies in

Thailand

In the industry of real estate, buying property can be a very good investment especially for the knowledgeable and experienced ones. However, many of these investors are getting into this particular property market to earn or have that extra income by renting out the units to other people. This may appear to be a sound investment, but one must also think about its pitfalls. Therefore, before making any property investment decision, check the five major tips provided below to come up with a better strategy when buying property in Thailand.

• Research and Study

You're at risk if your reason for investing your money in a property is the hope to have a tenant that view things the way you do. With too many risks involved on property investment, to buy a property through your feelings and not through your brain is definitely not a good or ideal strategy. Research is very important in this kind of investment.

If you're planning to buy a newly developed property, researching anything related to its developer is highly recommended. You can study the quality of the company's previous units, look at possible delays, search for clients feedbacks online, and more. Get updates on their upcoming infrastructure developments. Will there be new transportation system within or nearby the area that will make life easier for the community that surrounds it? All this will contribute to the possibility of increasing the value of a certain property.

• Location

For some clients, one major key that will probably affect their purchasing decision is the location of the unit. It should be the same with you. Your priority must include looking for that right or ideal location. In relation, also consider your target market during the selection. Young professionals and small families will probably choose the properties that fit their way of living. For the family demographic, an easy access to the highways for city escape and a quiet place with a nearby park are appealing. While for young and single professionals, a central space in the busy area of the city and good access to public transport will be very irresistible. In short, when choosing the location for your property investment in Thailand, always think the target market you want to attract.

• Personal Finance Analysis

It is equally important to analyse the status of your personal finances. You need to be aware of the cost and expenses involved with owning an investment property. You can choose to have a conservative calculation as your base, never assume that there will always be a tenant occupying your units. If the property you purchased is still under construction, calculate the cost during this period. In relation, have a plan for damages, unexpected bills, and other things that may possibly go wrong. Also set aside some extra cash for your peace of mind, which will benefit the operation of your business in the future or in case of need.

• Be Updated

A good and responsible investor is someone who knows that he must always keep an eye on the Thailand property buying every day of the week or at all times possible, checking and reacting to the changes and flow of the market trends. Together with your market research, be conscious of what's happening around you, be updated with news related to developments that focus on your target market and target area.

• Exit Strategy

Property investors vary, some will hold onto their property for a long term while others will choose to sell the property and keep it for only a short period of time. You need to decide whether to wait for another investor to give you an attractive offer for your property or to wait until you've reached your targeted rate of return or ROI. Whatever you choose from these options, make it a point to have a clear goal of what you really want to achieve with your property investment.

There's always a risk when it comes to investment, but conducting a thorough research and really knowing the need of your market will considerably reduce the associated risks.