SDB Club Benchmark Real Estate

Real Estate Phuket , a basic checklist before making a real-estate investment in Phuket.

The popular saying in Real-Estate in Phuket still holds true, the most three important factor during the purchase of a real-estate property in Phuket is Location, Location and again the Location.

And when considering a location in Phuket where you want to invest in a new home, such as house, condo, penthouse or a villa, then you should ask yourself where you would like to live in Phuket.

Phuket has many popular well established neighborhoods but it is a matter of your preference.

If you are buying a property in Phuket to rent it out, you should ask yourself where you would like to live and rent a property in Phuket.

If you are targetting to renting out your new property to the expatriate community in Phuket, you should investigate to purchase a Phuket property in exclusive neighborhoods.

If you are considering buying a house or condo in Phuket, to sell it at a later time for a profit, you should ask yourself which locations in Phuket still has affordable real-estate properties with the potential of strong growth. New townships in Phuket could be a potential target for the purchase of a property.

When you purchase a house or villa in Phuket, you are buying the land and as well the property that was build on the land. Of course the property in Phuket will deteriorate with the years but the land the property was build on maybe worth much more, then its original value, so the more land you get when you buy a house or villa in Phuket, the more it will be worth in the future. Land in Phuket will always have value.

Before you buy a property in Phuket, it is important that you understand the basics between a Freehold or Leasehold property in Phuket.

It is important that you check out the immediate surroundings where you plan to buy a real-estate property in Phuket and you should be cautious of anything near by your Phuket property. You should not purchase a property near by of main roads, high tension cables, Electricity substations and as well large water drains in Phuket.

If you have contacts into the construction or real estate industry, you could have an advantage if they can let you know of future developments of real-estate projects in Phuket, before the general public will be aware of those new real-estate development projects in Phuket.

Most buyers of properties in Phuket compare prices when they shop around for a new property. You should look through Phuket real-estate classifieds ads in local newspapers or search online for real-estate developers in Phuket so you have a strong knowledge of the prices for the real-estate properties in Phuket.

You should ask yourself the following question before you buy a property in Phuket.

- Is the property in Phuket, leasehold or freehold and if the Phuket property is a leasehold property, how much years does the property in Phuket has left?
- How is the neighborhood of your Phuket property?
- Are shops nearby your Phuket property
- Has any work been done on the Phuket proeprty since the old owners moved in?
- Is the Interior or or Exterior of the Phuket property in good condition?
- How much you have to invest in additional work for your Phuket property
- Will you be able to obtain a mortgage loan from a local bank in Phuket?

If you are not under a time constraints, you should look as many proeprties in Phuket as you can handle. You should visit show units from real-estate developers in Phuket or if it is a property in the resale-market, visit that property as often as you can and draw up a list of pros and cons of the Phuket proeprty. If you have the time, under no circumstances should you rush in to buying a property in Phuket.

You should not only look for a bungalow, semi dettached house, or a condominium/apartment or residential land in Phuket, but as well for a mortgage loan with a Bank or Financial Institution in Phuket. For your convenience, we maintain the Phuket Real-Estate Mortgage Calculator on our Phuket Property Review and Buying Guide.