Buying Property in Koh Samui: the Ultimate Guide

Whether you are looking for a beachside villa, an ocean view property in the hillside or the convenience factor of an apartment or condo in the town, it’s becoming increasingly likely that whatever you decide to buy, it will be part of a private gated community. The benefits of being in a gated community include: the use of communal facilities; on-site property management services; the increased security factor; having on-site maintenance at hand and the peace of mind knowing that you have someone to help and advise with any problems that you may encounter; having a ready-made network of social contacts; having a well maintained area surrounding your property and good road access to your home. So if the developer is not offering finance, which is normally the case, you need to be in a position to buy cash. This may mean, for example, that you need to arrange a loan in your country of residence or liquidate some assets. It is very important that you have secured your funding before you engage in the negotiation process with the real estate developer.

"koh samui real estate for sale"Of course, not everyone wants to be central but it is worth remembering that being more central is likely to help with future resale. So do your research and spend some time getting familiar with the different available locations. It can be helpful to imagine each property as if it were vacant. Look for a well-established and independent agent, not tied into any particular development. For these reasons, spend some time choosing the right real estate agent. Which type of property will be easiest to resell? When deciding which type of property is most of interest, i.e. house, townhouse, apartment or condominium, it is very important to have a good understanding of the legal ownership options open to foreign buyers of Thai real estate. How will the number of bedrooms effect the rentability of a property? For example, will a freehold condo resell easier than a leasehold apartment? Rental returns are of fundamental importance to many buyers. Also bear in mind the fact that properties with a private pool will command substantially higher rental rates because they will have much more appeal at the luxury end of the holiday rental market.

Otherwise the property developer is unlikely to honour any special price that you have negotiated if can no longer complete according to the agreed time period. You pay the deposit upon signing the reservation agreement. If you are buying within a development, this agreement will typically be provided by the property developer, otherwise there is no set rule governing which party is responsible to draw up the agreement. Upon signing the reservation agreement and paying the holding deposit, you will typically have a maximum of 45 days to carry out due diligence and enter into the main sales and purchase agreement. You should ensure that the agreement contains a clause to stipulate that, should the property fail any due diligence checks and your appointed legal representative recommends that you do not proceed, your holding deposit is fully refundable. Before you actually complete on any property and take ownership, it is of course of fundamental importance that you get your appointed legal representative to carry out all the necessary legal checks, commonly known as conducting due diligence.

I also included hotel options for any budget, so there’s a choice for everyone, but don’t forget to book them at least some months in advance… Located right on the beach, guests in this family-friendly resort can relax at the beachfront infinity pool and a salt-water garden pool with a spa pool area. Chaweng beach is a very long stretch of white sand, hosting many cool beach bars and restaurants: great to relax or engage in exciting water sports during the day, and dance the night away in nightclubs and bars in the area as the sun goes down. 2. Here you’ll have access to a beautiful swimming pool, mountain bike rentals, and free kayaks if you want to explore the area. And wait to see the rooms, offering private balconies with an ocean or garden view and free wifi! Wake up early to see a breathtaking sunrise right on the beach!

Here there’s something to do for anyone: you can spend the day sunbathing at the beach, eating fresh fish in one of the beach restaurants, or engaging in outdoor activities like kite surfing, tree climbing, zip-lining, etc. And if you want to completely relax, try the amazing massage and treatments at the on-site spa! 4. This is the perfect place for families, offering something interesting for any member of it! Guests will stay at their own private villas with a large deck with a private pool, decorated in an elegant style with all possible amenities included. What’s amazing about this place is that it also has two vibrant restaurants where anybody can grab a bite to eat (you don’t have to be a guest!), so if you want to have a delicious meal overlooking their infinity pool and the sea, this is the place for you! Go on the magical pig islands on this speed boat tour!