4 Things to Pay Attention to Before Buying a Property in Phuket
The real estate scene in Phuket is quite wide open with several new developments coming to light in recent times. As the main island and its sister islands witness more housing developments, the market is likely to get more lucrative. If you are an aspiring real estate investor or a mere resident who is looking to make the best of this market, now is the right time to place your bets on what is likely to be hottest housing market in 2018. Before you proceed with your next course of action, pay attention to the following guidelines: 1. Location of the house It is important to scout the location and understand the area better before making any decision on the same. Find out more about the previous owners and why they’ve decided to move on. Find out the accessibility of the location from places of interest such as airports, and city square. This could ideally influence the buying and selling price of the property.
2. Property Manager Never go property shopping alone! Enlist the services of a real estate agent or a property manager to help you evaluate the house before you proceed to place your purchase. A good housing agent is well aware of all the areas in the city and can help you get a good bargain on a Phuket apartment purchase. This is essential if you are looking to make multiple purchases. 3. Property condition Search the apartment thoroughly to identify any plumbing, wiring, or structural defects. You can also hire a dedicated inspector to get the apartment thoroughly checked. While this may cost you a few bucks, you can also use any minor defects in the property to bring down the price in the negotiations. 4. Work out all renovation costs If you are looking to purchase a used Phuket home and resell it later, bear in mind that renovated apartments fetch a better price on the market. Hence, if you are making an offer on a used house, try to work out the renovation costs and factor them into your purchase costs. This will help you ensure that you make a decent margin even after spending on the renovation. Before making any purchase, a thorough research about it helps you spot any underlying discrepancies and sort them out in time. If you are looking for a reliable place to know about all the Phuket homes for sale, log on to Exotiq Property, and get accurate quotes on all the exotic real estate listings in the Southeast Asian market.