Thailand

Property Developers

Propery developments are mainly targeted at those who want the security, services and conveniences of a first world neighborhood in an Asian tropical environment.

They are also a advantage if one of your prime concerns is to earn high end yields through rental returns. The property management teams at major developments have worked this into their long term business planning.

Residential communities generally offer maintenance contracts, and this is an ideal solution for those not planning to live in a property year round. Even stand-alone private villas can be handed over to a management company while the owners are away. The cost for such services varies, and it is therefore important establish what is included in the price.

Communal facilities must also be taken into account. The professional maintenance and upkeep of public areas not only protects the value of the property, but also guarantees consistency and standards that will enhance a development’s reputation in the long term.

Many developers and management companies offer incentives above and beyond the appreciation of a property’s value. Some companies actually guarantee a rental income, and this suits buyers who only intend to use their home during certain periods, and also want to see a quick return.

Owners should choose a management company that either has a close connection to the developer, or a long-standing, proven relationship with the property. One that is able to detail the services they offer to rental clients, and also to provide accurate information regarding expected returns, and periods when then property is likely to enjoy high rental occupancy.

Property Agents

There are many people who would rather assimilate into the local environment by buying an established stand-alone house. If you are one of these then be sure that you secure the services of a reputable real estate agent or property consultant that will help you avoid many of the pitfalls that can befall the less informed.