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Five Ways To Make Any Phuket Apartment Profitable

Category : Selling | Posted On 2013-06-10 00:00:00

The rich tourism influx has raised the real estate market in Phuket Thailand. Due to Phuket's year-round perfect weather, it is now a destination of choice for many of today's jet setters. So Phuket apartment investing can be profitable on the island. 

Five Ways To Make Any Phuket Apartment Profitable

The following five ways can help you maximize your gains even further:

Rent/Lease

The naturally wealthy surroundings of Phuket keep attracting tourists year after year so you can plan to get great returns on short term and long term rentals and leases. This class of tourist will not mind spending lavishly to use your property as their accommodation. Your Phuket apartment must be in top condition to attract this group of travelers.

Advertise

Keep in mind that wealthy people do not pay much attention to local classifieds, but love to read magazines and shop. Comprehending the needs of your ad readers and offering them exactly the same should do the trick. If want a high-end tenant, advertise in their type of magazines. Always remember to find the right type of tenant for your Phuket apartment to make the best profit and secure a repeat customer.

Charge Higher Rent

Beachfront property with a luxurious setting can fetch huge rents along with sea view property in Phuket. If you own such a property, get ready to earn good money. Buying Phuket apartment property within walking distance of the beach is also a great investment strategy and these owners can expect higher rents from these types of properties.

Ensure Great Furnishing

A warm, airy and lively property grabs attention. Using light hues, durable and nice furniture and gender neutral colors can make the apartment rentable to the masses. Cheap colors and material will never get the kind of attention you want. Make sure your furniture matches the apartment and goes together naturally.

Schedule Timely Maintenance

Regular and timely maintenance keeps your apartment in top condition and attracts the most tenants. Hire part-time, local professionals to do the job for you. Skilled local Thais can work on weekends and offer affordable services. Consult local Phuket real estate agents such as Phuket Realtor for tips on your property and keeping it in top condition.

In conclusion, Phuket real estate can provide you a gainful investment opportunity, even if you are a small investor. The demand for holiday apartments and condominiums on the island ensures good rental returns, so don’t miss this opportunity. Try to buy within walking distance of the beach when possible as most travelers come to Phuket for the sunshine.

Call us today at +66 93 606 0906 to learn more about Phuket apartment investments.

 

Phuket Realtor
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail or your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand.

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