Should I buy or rent a home in Thailand?
If you have not spent a lot of time in Thailand, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"No ownership although many people are building and condo are offering incentives," commented one expat who made the move to Chiang Mai, Thailand.
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"When considering buying a home in Thailand, it is important to consider your budget, desired location and any rental restrictions. Considerations such as investments and the likelihood of relocation should also be taken into account. Renting a home may be more appealing if you are not able to obtain a mortgage or are looking for a more short-term solution. Rental costs in Thailand are typically lower than costs associated with purchasing a property, however they do vary greatly depending on location, size and amenities. An advantage to renting is also the added flexibility it provides. On the other hand, buying a property in Thailand provides stability and the potential for increased capital gains. Whether you decide to buy or rent, it is important to do your research and understand the market before making any major decisions," remarked another expat in Thailand.
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Other Questions:
- What do I need to know before retiring in Thailand?
- How do I meet people in Thailand?
- What is life like in Thailand?
- Is there a lot of crime in Thailand?
- Is there a lot of diversity? Are people in Thailand accepting of differences?
- What are the schools in Thailand like?
- Is the cost of living in Thailand high?
- What advice do you have for expats having a baby in Thailand?
- What are healthcare services like in Thailand?
- Is the cost of living in Thailand high?
- What type of recreational facilities are in Thailand?
- What is the weather like in Thailand?
- Are there good restaurants in Thailand?
- Where will I buy groceries and do other shopping in Thailand?
- What are the visa & residency requirements in Thailand?
- Are healthcare and health insurance expensive in Thailand?
- What do I need to know when buying property in Thailand?
- Are foreigners allowed to own property in Thailand?
- What appliances are typically included in a rental?
Should I buy or rent a home in Thailand?
If you live in Thailand, newcomers to Thailand would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
