Thailand is one of the most amazing countries in the world, and Bangkok is its beating heart – so it is no wonder that so many people want to visit, live, and invest in such a place. With a strong, growing economy, lovely people, and a lively and bustling atmosphere, Bangkok is an excellent choice if you are looking to buy property to let. Here we will look at some of the advantages of renting in Thailand’s Capital, and how you can go about doing so.
Can you buy property in Bangkok?
In order to buy a town house for rent you would really need to be a Thai national, but there are ways to purchase a property and let it out, most commonly condominiums. Foreigners can own up to 49% of any condo project legally and without too much fuss. You have to make sure it is indeed registered as a condo project and purchase your condo (or condos) with money brought in from outside the country. After that, you will be well on your way to owning your own property in Thailand, and ready to let it out if you wish.
What are the benefits of Renting a town house in Bangkok?
One of the best ways to make money in the real estate business is to buy property to rent out. Investing in a rental property, or renting out your own property when you aren’t there, has a great many benefits from earning cash, to peace of mind. Here we will have a look at some of the key reasons to get rent:
- Earn some cash – first and foremost, the best reason to rent out your property is to make money. By charging a reasonable rate, your place can pay for itself in no time, and then you will be able to keep making more.
- Invest in the future – not only will you be making money while you rent your property, but you will have paid for it in full and own the property itself – outright. Thailand is a growing and exciting market to buy in and it is likely that the value of your house will grow while you are renting it out.
- Peace of mind – it can be worrying to own a property in another country, thinking about it being unoccupied, the potential problems that could arise from break-ins to water issues with no one there to notice. Renting it out ensures that someone is there to take care of your interests all year round.
All these reasons and more contribute to why you should be looking to rent out your property in Thailand today.
Top tips for finding tenants
Now that you have decided to rent out your place and town house in Bangkok, it is time to actually find a tenant. This can be tricky as you want to ensure that you find the right person for the job, someone you can trust to pay on time and maintain the standards of the residence. The best way to do this is by choosing a reputable and trustworthy agent to help you find what you need and protect your interests when you aren’t around. Get looking and see how you can make more money from your new property today.
