5 Things to Keep in Mind before investing in Bangkok

Bangkok real estate investment
Investing in the overseas real estate market is an exciting prospect for million of investors all over the globe. Apart from seeing it as the perfect way to enjoy vacations in your home at a foreign destination, the long term monetary benefits associated with these is the main driving reason behind it. In this post, we are going to discuss about a city named Bangkok which attracts millions of tourists from all over the World.

Along with being the center of attraction among tourists, it also gives an amazing opportunity to the investors to invest in its real estate market. So, if you are one of those who is looking to invest in Bangkok in the coming years, then this post will act as a guide for you. Over here, I am going to mention 5 things or points that you need to keep in mind before investing in the city.

1. Look To Invest With Established Developers

Just as all over the World, branded things will definitely come at a higher price and Bangkok is no different. In the city you can broadly find two types of construction developers, once are the novice ones and the others are the established ones. It is always advisable to invest in those properties that are constructed by the established one. These will spend more time in planning the design, functionality and the layout before going about with the construction project. The condominiums constructed by these developers are of a good quality and make use of the best construction materials.

2. Easy To Commute Transportation Services

Even if you are not going to settle down in the city buying a property that has a close proximity to the transportation services is always favorable. Those buildings that are relatively nearer to the city’s Mass Transit System will definitely be popular among the people who are looking to own a condo on rent. Therefore it becomes necessary to select a building while keeping this parameter in mind. In order to keep the property appreciable in the long run, it is important that you take care of this aspect.

3. Lay Emphasis On The Location Of The Property

In order to yield a good rental value and capital growth from your property, it becomes vital that you do a proper research before finalizing the deal on something. As people of every age group live in Bangkok it is important that you do a research on who your target audience is. If you want to give your property on rent to a family then choosing a quite area and a park nearby should be your choice. Similarly, a young professional would be looking for a location that has good transportation facilities and is in the middle of the city.

4. Analyze Your Finances

This is the foremost requirement that should be done from your end before jumping into the investment process. Apart from the cost of the property, there are a number of miscellaneous costs that are associated with buying a property in Bangkok. Therefore, you need to calculate as to what type of property will comfortably fit in your budget. If you believe that the cost of the property will be recovered from the rent that you get from the tenant then it is a wrong approach. You can never be sure that the property you own will always yield a rent for you. There will be times when you may find no tenant for it. Thus, you must only invest when you are able to bear any of the unforeseen situations.

5. Always Be Updated

A sign of a good investor is that he always keeps himself updated with all the latest that is happening in the market that he is going to invest in. If you are going to invest in Bangkok for the first time then you must give yourself sufficient time before making the final move. Each and every market trend should be closely followed by you so that at the time when you invest, you will be able to reap the maximum profits out of it. One right decision can prove to be beneficial for the rest of your life whereas a wrong one can incur huge losses for you.

In The End

Investing in a foreign land will always seem risky, however, if you follow the right strategy and process the chances of you making a wrong decision will be minimal. Bangkok as an investment city has a lot to offer, thanks to the constant rise in the city’s real estate market. A number of expatriates are already reaping huge benefits by investing in the city. This trend is not going to slow down anytime soon as more and more investment opportunities are going to come forward in the coming years.

Author Bio: David Lane was born and raised in Thailand. He is working as a Realtor for Thailand-property. Which provides long term or short term Thai property to clients . David is praised most often by clients for his enthusiasm, patient approach and unwavering loyalty. Apart from this , David loves to do fly fishing, sporting clays and play golf.

Where Is the Cheapest Real Estate in Hawaii?

Living in paradise comes at a price and this cannot be truer for Hawaii, which has some of the most expensive properties in the country. What’s more, the cost of living in the Aloha State is around a third higher than on the mainland. Still, this should not put you off buying a property on one of the major islands Oahu, the Big Island, Maui, Kauai and Molokai. Check out the places with the cheapest real estate in Hawaii, by local standards, of course.

Hilo, the Big Island

This beautiful old town has a center full of shops and restaurants, while being surrounded by beautiful nature. The Liliuokalani Gardens and Wailuku River State Park are right at your doorstep. The best part of all is that the median home price is $301,300.

Waikele, Oahu

The median home price in this town is $414,400, but you have to keep in mind that the real estate market is quite diverse and therefore you can find both cheaper and much more expensive properties. Homebuyers should know that Waikele is known primarily for its good schools and friendly community.

Waimea, Kauai

If you want to enjoy relaxed country living, then this small town may be the right place for you to buy a property in Hawaii. The median home price of $403,400 makes Waimea the cheapest town on Kauai when it comes to real estate. While it has only two supermarkets, it’s on the edge of the magnificent Kokee State Park.

Waianae, Oahu

This small community is far away from the hustle and bustle of Honolulu and boasts some of the best and least crowded beaches in Hawaii. Kapolei with all its enmities is fairly quick and easy to reach, however. The median home price is $308,900 which is over two times lower than the median for Oahu.

Wailuku, Maui

This is one of the cheapest places to live on the island popular with its resorts. While the median home price of $566,500 may seem a bit steep, it’s among the lowest on Maui. The town is peaceful and has a very slow pace – you can walk and cycle literally everywhere.

Ewa Beach, Oahu

This town currently offers some of the best value for money when it comes to Hawaii real estate. The median home price of $598,400 is expected to rise at a steady pace in the coming years. The main reasons for this are the family-friendly setting, the spacious homes and the wide variety of amenities, from beaches and community swimming pools to golf courses.

How to Find Down Payment Assistance For Nurses

How does it feel when you’ve spotted the perfect home and you are sure that covering the monthly mortgage and bills won’t be a problem? It feels great, right? Unfortunately, the problem comes when the lender requests a down payment. In most cases, nurses are not in a position to pay the down payment as requested. Could this mean you are not lucky?

Not quite. Today, there are more than 2000 down payment programs that will come to your rescue as long as you meet eligibility requirements. These requirements have to do with credit, occupation and income. It is unfortunate that many people are not aware of down payment assistance programs or assume that they can’t qualify.

How can you find a down payment program?

If you conduct a good online research, you’ll find a couple of down payment resources that have a calculator to show you if you are eligible and what you need to do to be eligible. You can find a variety of listing services that have an icon on the various properties that qualify for down payment assistance programs.

Nurses are advised to consult their lender or real estate agent for programs available in their counties since they change from time to time.

Types of Home down payment programs

Down payment programs

These types of programs are mostly about soft mortgages or grants. You can get benefits such as forgivable loans, deferred payments and 0% interest rates. With such a program you can get assistance in the form of tens of thousands of dollars to use for down payment, principal reductions, closing costs and the like.

When buying a property in certain areas that are designated by housing finance agencies, you will enjoy the benefit of higher assistance amounts and more lenient income requirements.

Affordable First Mortgages

Some of the housing finance agencies that are at state level provide first mortgages that accompany down payment assistance programs. The good thing about these mortgages is that they offer an affordable interest rate and a reduced closing fee.

Who offers down payment assistance programs?

  • Housing authorities
  • Employers
  • Cities and counties
  • State Housing Finance Agencies

A high percentage of first-time home buyers encounter difficulties with the purchase due to down payments. Fortunately, there are thousands of homebuyer programs that are available to offer assistance to nurses and other civil workers. Just ensure that you meet the eligibility requirements and you’ll be good to go.