Building Your Own Home In Phuket Thailand
Building Your Own Home In Phuket Thailand
Many people have invested in land in Phuket Thailand then set out to build their own home and created a valuable and unique property. Phuket has a strong construction industry with plenty of choices. Building costs are relatively inexpensive and building materials are plentiful.
People who choose to build their own home in Phuket Thailand generally fall into 3 categories: those who are unable to find a suitable property, those who have always dreamed about building their own home, and investors intending to profit by building a home. Regardless of the motive, building your own home in Phuket Thailand is not a decision to be taken lightly. If not approached in the right manner or if the risks are not fully understood, it can soon turn into something distinctly less than the dream.
When building your own home, there are a number of things to consider. You can save yourself money and stress if you take caution and find an experienced realtor, lawyer, architect, and contractor. It is essential to know when & where to spend.
Even to get to a point where you can start construction, it is necessary to have a general understanding of the topics of buying land, ensuring access, and arranging utilities.
Once you get to this point, there is still a multitude of tasks to handle. These include working with architects, obtaining building permits, choosing a construction company, considering specs, and so on. Get it wrong and it can be a source of frustration on an unimaginable scale.
Before committing yourself to the path of building a home in Phuket Thailand, it is critical to understand the scope of issues involved. Remember, it is not something that you can start and stop later if you're not enjoying it. It is equally important not to approach such a challenge casually, which is almost a guarantee of failure and financial loss.
But done right, it can be a rewarding experience and rewarding financially.
1. Stay legally protected
Find a property lawyer within Thailand to draw up foolproof documentation in both Thai and English to ensure that the contractor abides by all of the agreed contractual necessities. A good property law firm can more than save you their fee. They can also perform due diligence on the land, structure contracts, and transfer the title at the land office. They will also make sure that you are following the Thai real estate laws.
2. Choose an experienced builder
In Thailand, finding a builder is not at all hard, but finding a trustworthy and experienced one takes time. Some facts are known to play a dominating role, such as the area of your property, the budget of construction, and the proposed size of your home in Phuket Thailand. You will find professional builders in popular tourist destinations like Phuket very easily.
3. Pick a reliable contractor
One person cannot do the entire job, so, it is normal to expect subcontractors handling different areas of expertise of home construction. For example, a plumber will do his job and the remuneration will be decided by a contractor whom you hire. Similarly, the electrician's pay will be decided by the contractor as well. Do not feel shocked when you see many laborers working on your Phuket home, you do not have to pay all of them individually.
4. Ask for a new quote when making changes
If you want to make additional changes during the course of a drafted housing plan, ask the contractor to technically draw up a new quote just to accommodate the extra changes with extra costs included. This way you can determine if the change is necessary and cost-effective.
To stay safe, rely on your realtor to help guide you to choose the right location to build your home in Thailand. You need a confident real estate agent who specializes in helping foreigners (ex-pats). You can change a lot of things once you start building but you cannot change the location.
We specialize in helping foreigners buy and sell property in Phuket Thailand. Call us today at +66 93 606 0906 to find out more about the Phuket real estate market and building your own home in Phuket Thailand and how we can move you forward.