Pattaya is a gorgeous resort city in one of the world’s most popular tourist destinations; Thailand. It is situated at a distance of approximately 100 km from the southeastern side of Bangkok. It connects on the eastern side of the Gulf of Thailand. Pattaya has undergone significant developments during the past few decades to become one of the most popular attractions in the region for tourism. According to the last census, there are more than 107,000 people living in the city. Pattaya has become a very common destination for tourists from all over the world. Some of the many places that you can visit in Pattaya include Nong Nooch Garden, the Sanctuary of Truth, and best of all, the famous Pattaya beach.
For people living in Thailand, buying a condo or a bungalow in Pattaya is an astute investment. There are numerous construction projects currently active in Pattaya, so you should definitely take advantage of this focus in local development. However, you have to be pretty careful when investing in any sort of property. Because it’s such a large investment, you should do a bit of research to find out as much as you can about the project beforehand. Here are some basic tips that will help you out.
Talk to a Local Realtor
The first thing that you need to do is to get in touch with a local realtor who specialises in selling properties in Pattaya. Whether you are looking for a decent Pattaya condo for sale or wish to buy a bungalow, getting in touch with a realtor should always be the first step. The realtor will inform you about the many different properties available in the region, and also let you know of any upcoming projects.
The main aim of a real estate investor is to purchase property at the lowest prices. You can purchase a condo from a development company after checking the house models. Checking out the model house first will give you a better idea about how the place would look once it has been fully completed.
In this economy, it’s difficult for most people to pay up such a vast amount of money in one go. Developers understand that, and they often provide a range of deferred payment plans that you can use. Basically, you will be asked to make a down-payment at the time of the booking, and the rest of the payments will be made in scheduled installments.
You can also monitor the progress and construction along the way as well. Once the project has been completed, the ownership of the condo will be transferred to you after all dues have been cleared. However, you should know that the prices of property in Pattaya are increasing steadily, so if you want to buy a condo, you should get started as quickly as possible.
Prices vary depending upon the neighbourhood, the size of the construction project, the amenities on offer, and the size of the condo itself. Your realtor will also charge a commission for helping you select the right condo, which is usually around 1% of the total cost of the purchase.