A beginner's guide to purchcasing real estate
Last updated: 9 Sept 2025
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Things to Consider Before Buying Real Estate for Beginners
Buying for Your Own Stay: You can choose based on your preferences or reasons, such as a good price or a familiar location. However, some locations may not be able to be rented out in the future or have low capital gains.
Buying for Investment: Choose based on location, such as the CBD, close to communities, various amenities, and understanding the tenant demographic.
Type of Property: Choose based on your purchase purpose. For example, if you're buying for your own stay, you might choose a detached house or townhouse. If you're buying for investment, you might choose a condo near your workplace or near a BTS station.
Budget: Once you've chosen a property type, you need to consider your budget to determine how much loan you can apply for and how much you have saved.
Time to Buy: The time of construction.
Pre-Sale: Buying before construction begins, meaning the project is not yet complete. If you're buying now, you need to plan for a deposit and down payment, as bank loans are not available.
RTM: Ready to Move: Pack your bags and move in right away, as the project is already completed. You can apply for a bank loan and see the actual project and the actual room.
Re-Sale: This is a project that has already sold out and you must buy it secondhand.
Expenses: You must be prepared with cash for other expenses, such as transfer fees, mortgage registration fees, and decoration fees.
Decoration: Condos can be unfurnished or fully furnished, ready to move in, or come with only the bathroom and kitchen, or some built-ins.
Project Direction and Environment: Choosing the direction of your home or condo helps with feng shui, lighting, and heat. Consider the surrounding environment to see if there are communities nearby.
Room Types: This section primarily discusses condos, including:
Simplex: Standard rooms
Duplex/Loft: Two-story rooms
Project Regulations: e.g., are pets allowed? Who is the juristic person? What are the common area fees?
___________________________________________
Source: Real Estate Matters
Buying for Your Own Stay: You can choose based on your preferences or reasons, such as a good price or a familiar location. However, some locations may not be able to be rented out in the future or have low capital gains.
Buying for Investment: Choose based on location, such as the CBD, close to communities, various amenities, and understanding the tenant demographic.
Type of Property: Choose based on your purchase purpose. For example, if you're buying for your own stay, you might choose a detached house or townhouse. If you're buying for investment, you might choose a condo near your workplace or near a BTS station.
Budget: Once you've chosen a property type, you need to consider your budget to determine how much loan you can apply for and how much you have saved.
Time to Buy: The time of construction.
Pre-Sale: Buying before construction begins, meaning the project is not yet complete. If you're buying now, you need to plan for a deposit and down payment, as bank loans are not available.
RTM: Ready to Move: Pack your bags and move in right away, as the project is already completed. You can apply for a bank loan and see the actual project and the actual room.
Re-Sale: This is a project that has already sold out and you must buy it secondhand.
Expenses: You must be prepared with cash for other expenses, such as transfer fees, mortgage registration fees, and decoration fees.
Decoration: Condos can be unfurnished or fully furnished, ready to move in, or come with only the bathroom and kitchen, or some built-ins.
Project Direction and Environment: Choosing the direction of your home or condo helps with feng shui, lighting, and heat. Consider the surrounding environment to see if there are communities nearby.
Room Types: This section primarily discusses condos, including:
Simplex: Standard rooms
Duplex/Loft: Two-story rooms
Project Regulations: e.g., are pets allowed? Who is the juristic person? What are the common area fees?
___________________________________________
Source: Real Estate Matters
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