5 things to consider before deciding to buy a house in 2025
Last updated: 26 Aug 2025
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Many people may be considering buying a house, townhouse, townhome, or condo during this time, as there are great promotions spurring decision-making. However, purchasing any type of home, whether now or in the future, requires several considerations. Here are five key considerations to consider before making a decision:
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1. Financial readiness
As mentioned earlier, while housing prices are currently discounted and attractive, making this a "golden opportunity" for buyers, there's no need to rush into a decision. This golden opportunity is only for those with financial readiness.
Therefore, buyers should assess their own financial readiness first. Estimate your monthly spending and your current debt. If you already have debts, such as credit card debt, car loans, etc., you need to be especially careful with your spending.
Debts should not exceed 40% of your income, as this puts you at risk of not being able to repay them in the future, and there's a low chance that banks will approve your home loan application.
In addition to financial readiness, you must also be financially stable and ensure you won't be affected by the economic slowdown, unemployment, or a salary cut.
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2. Have savings and an emergency fund.
Even though housing prices are slashed, don't rush into it. In addition to financial readiness, you should have some savings. Besides housing prices, you'll also need to set aside some for other expenses, such as reservation fees, transfer fees, and mortgage registration fees. These expenses must be paid in cash. Examples include:
Mortgage registration fee: 1% of the mortgage value (total loan amount).
Transfer fee: 2% of the appraised or selling price.
Stamp fee: 0.5% of the sales price.
Additionally, there are additional costs after purchasing a home, including common area fees, which some housing and condo projects collect one year in advance. Fire insurance for home security is 0.1% of the home price. This doesn't include decoration costs. Although many projects offer fully furnished units, you can move right in. However, once you're ready to move in, many people will likely want to add some finishing touches.
Note: Did you know that under the new LTV (Low-to-Earnings TV) measures, first-time home buyers with a home value of no more than 10 baht can borrow an additional 10% to purchase furniture and decorate their home?
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3. Location must meet living needs.
This is one of the key factors in deciding whether to purchase a detached house, townhouse/townhome, or condo. Each person has different reasons for choosing a location, primarily based on their own lifestyle. Examples include familiarity, proximity to work, proximity to amenities, or convenient transportation, with multiple access routes, proximity to expressways, and proximity to the BTS.
Furthermore, if you're purchasing a residence for investment, whether short-term or long-term, you must consider all aspects, as not every location is suitable.
Selecting a location requires researching and surveying market and target audience needs. The primary factor is convenience of transportation, such as a condo near the BTS, or convenience of living, such as proximity to fresh markets or supermarkets, tourist attractions, leisure areas, and workplaces, educational institutions, and hospitals. This allows for high-yield rental and sales prices.
__________________________________________
4. Project Type
Despite the wide variety of project types available, choosing a project today and in the future should not only consider warmth and lifestyle, but also consider the lifestyle of people living more at home.
Therefore, when selecting a residence, regardless of the type, you must consider the convenience of transportation, such as proximity to the BTS. It depends on whether the developer prioritizes residential development to accommodate both current and future residents. Examples include:
a smaller number of units, less crowded
more proportionate common areas, such as co-working spaces or co-kitchens
Wi-Fi available in many areas to facilitate work from home
Cleanliness and germ prevention measures in place, even when there's no outbreak of disease
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5. Room Design - House Design
The project's design also requires careful consideration of the interior space. Whether it's a detached house, townhouse, or condo, it must accommodate a stay-at-home lifestyle. Therefore, instead of prioritizing the bedroom or kitchen, the living room or work area should now be prioritized.
Condominiums also play an important role in considering the room layout. Most offer both open-plan and partitioned layouts. Buyers should choose a layout that fits their lifestyle. For example, if they enjoy cooking, they should choose a room with a partitioned kitchen.
__________________________________________
Thank you for the great information from DD-Property.
__________________________________________
1. Financial readiness
As mentioned earlier, while housing prices are currently discounted and attractive, making this a "golden opportunity" for buyers, there's no need to rush into a decision. This golden opportunity is only for those with financial readiness.
Therefore, buyers should assess their own financial readiness first. Estimate your monthly spending and your current debt. If you already have debts, such as credit card debt, car loans, etc., you need to be especially careful with your spending.
Debts should not exceed 40% of your income, as this puts you at risk of not being able to repay them in the future, and there's a low chance that banks will approve your home loan application.
In addition to financial readiness, you must also be financially stable and ensure you won't be affected by the economic slowdown, unemployment, or a salary cut.
__________________________________________
2. Have savings and an emergency fund.
Even though housing prices are slashed, don't rush into it. In addition to financial readiness, you should have some savings. Besides housing prices, you'll also need to set aside some for other expenses, such as reservation fees, transfer fees, and mortgage registration fees. These expenses must be paid in cash. Examples include:
Mortgage registration fee: 1% of the mortgage value (total loan amount).
Transfer fee: 2% of the appraised or selling price.
Stamp fee: 0.5% of the sales price.
Additionally, there are additional costs after purchasing a home, including common area fees, which some housing and condo projects collect one year in advance. Fire insurance for home security is 0.1% of the home price. This doesn't include decoration costs. Although many projects offer fully furnished units, you can move right in. However, once you're ready to move in, many people will likely want to add some finishing touches.
Note: Did you know that under the new LTV (Low-to-Earnings TV) measures, first-time home buyers with a home value of no more than 10 baht can borrow an additional 10% to purchase furniture and decorate their home?
__________________________________________
3. Location must meet living needs.
This is one of the key factors in deciding whether to purchase a detached house, townhouse/townhome, or condo. Each person has different reasons for choosing a location, primarily based on their own lifestyle. Examples include familiarity, proximity to work, proximity to amenities, or convenient transportation, with multiple access routes, proximity to expressways, and proximity to the BTS.
Furthermore, if you're purchasing a residence for investment, whether short-term or long-term, you must consider all aspects, as not every location is suitable.
Selecting a location requires researching and surveying market and target audience needs. The primary factor is convenience of transportation, such as a condo near the BTS, or convenience of living, such as proximity to fresh markets or supermarkets, tourist attractions, leisure areas, and workplaces, educational institutions, and hospitals. This allows for high-yield rental and sales prices.
__________________________________________
4. Project Type
Despite the wide variety of project types available, choosing a project today and in the future should not only consider warmth and lifestyle, but also consider the lifestyle of people living more at home.
Therefore, when selecting a residence, regardless of the type, you must consider the convenience of transportation, such as proximity to the BTS. It depends on whether the developer prioritizes residential development to accommodate both current and future residents. Examples include:
a smaller number of units, less crowded
more proportionate common areas, such as co-working spaces or co-kitchens
Wi-Fi available in many areas to facilitate work from home
Cleanliness and germ prevention measures in place, even when there's no outbreak of disease
__________________________________________
5. Room Design - House Design
The project's design also requires careful consideration of the interior space. Whether it's a detached house, townhouse, or condo, it must accommodate a stay-at-home lifestyle. Therefore, instead of prioritizing the bedroom or kitchen, the living room or work area should now be prioritized.
Condominiums also play an important role in considering the room layout. Most offer both open-plan and partitioned layouts. Buyers should choose a layout that fits their lifestyle. For example, if they enjoy cooking, they should choose a room with a partitioned kitchen.
__________________________________________
Thank you for the great information from DD-Property.
