Phuket attracts people from all corners of the globe and all walks of life. It is not surprising as Phuket has so much to offer, from a myriad of stunning beaches, year-round warm climate, endless choices of hotels and accommodations, international schools, first class hospitals, excellent infrastructure as well as a wide range of activities and things-to-do such as scuba diving, golfing, sailing or simply doing nothing on the beach. It certainly makes for an ideal place to base a family vacation home as well as a great place to retire since it has something to offer for everyone. With something for everyone, buying a property to live here can be a sound investment.
In recent years, the prices of properties in Phuket have increased by leaps and bounds. Buying a newly built, fully furnished luxury property is going to cost a lot, especially with the strong Thai currency weighing against major European ones. If you are looking for a house for sale Phuket you are going to come across the complications of choosing the right location, the types of houses available, and of course the price. However, many overlook the possibility of investing in an older house to renovate. It makes a lot of sense because you not only get it at a cheaper rate, you can also make changes to it to suit your lifestyle and your taste, and have it up on par with properties in the current market within your budget. Investing in an older house can save and also make you money in the long run.
While you may not get the panoramic mountain or sea views that you so desired as in those on a higher priced property, there could be one out there that is perhaps a few minutes from the beach, which, if well located, can be extremely good value for money. Buying an older house means you not only get it at a much lower price, you also get to make a tidy profit if you decide to sell it later, especially after your property has been renovated and updated. All you need to do is to spend some time on the island and explore its nooks and crannies.
A house that needs updating could be located in an area where most people do not have the foresight to see how it could be a bargain. A few improvements and building work can easily bring it up to high standards as well as increasing its value. At the end of the day, you would have paid only a fraction of what your neighbours pay for a house on the same street! When it comes to renovation you can do practically anything you want to make a living space that suits your lifestyle and needs. A badly designed Thai style house can be made a gem just by knocking down a few walls to open up the living area and letting in natural light. A new bathroom, kitchen and modern fittings will make all the difference and suddenly you have a brand new cracking house!
Phuket is not large by size but it definitely is one of the leading resort islands in the Asian continent. It offers year-round warm climate, solid infrastructure, modern facilities and a good standard of living which is why it attracts thousands of expats who settle here. There are plenty activities available for the young and old on this delightful island, so it does not really matter if you choose to live in the residential areas of Rawai, Chalong and Nai Harn in the south or if you like to be in the middle of the action and the buzz in touristy Patong and Kata. It is all down to your personal choice and entirely up to you.
However, it is sensible to be knowledgeable of the laws and restrictions regarding buying and owning a property in Phuket instead of relying solely on someone else telling you what is best. Although these rules and laws may seem difficult to understand at first, they are actually quite simple once you know the rules which apply to certain types of property or land. But only by being aware can you make informed decisions. If you decide fine prints are not your game there are reliable fixer up service for homes in Phuket. All you need to do is to carry out a search online and find the best property experts and construction company Phuket has who can do all the hard work for you. Buying a property in Phuket can thus be a dream realised with a bit of foresight, patience and luck.