5 things to consider before purchasing a condo in Pattaya, Thailand

Thailand is a magnificent place to spend extended time, whether it is the choice of someone who wishes to retire there or head across for regular long breaks. The glorious climate and stunning available options of where to live are plentiful, ideal for whatever the person wants from their time there. There is no shortage of things to enjoy, along with staggering scenery. Whether it’s a big city or the quiet coast, there’s something for everyone.

Rather than the expense and hassle of booking hotels and then having to pay for them each time, many decide to become property owners in the Land of Smiles. Those who check out คอนโด พัทยา (Condo in Pattaya), to cover both Thai and English, will be directed to a website offering condos for sale in the coastal city of Pattaya. Here are 5 things to consider before making a purchase.

1. Understanding foreign ownership laws is essential for anyone considering becoming a property owner in Thailand, as they are likely to be very different to one’s homeland. It’s one of the reasons why purchasing through an agent is the best option, as they will be able to provide the best advice and ensure that a sale is compliant with local regulations. In short, foreigners are permitted to own condominium units, but only up to 49% of the total floor area in any single condo building. 

2. Real estate agents are the go-to people when wanting to buy, providing a professional service, with many condos on their books to suit the requirements of their clients. As some older condos in Pattaya are poorly maintained, it is recommended to inspect common areas and ask about monthly maintenance fees while speaking to current residents or owners if the opportunity arises. Maybe a condo with a timeless door design might be available to buy.

3. Depending on the lifestyle of the person wanting to buy, getting the location right in Pattaya is crucial. Jomtien is quieter and more residential, whereas the central part of town offers nightlife and plenty of convenience but may be noisy. Pratumnak Hill is popular with retirees and considered more upmarket. Checking out what is available nearby is a sensible idea.

4. Those on long-term visas can relax when finding the right condo, once they have used the services of legal professionals to ensure that the sale is above board. If buying freehold, it must be the foreign name quota. Due diligence is imperative, as those who try to buy independently have been scammed in the past.

5. Those who decide to buy directly from a developer also need to make other checks, so that their dream move doesn’t end in disappointment and costly mistakes. These can occur when not researching the history and financial stability of those building the property, which can end in dispute when things go wrong and will cost a lot of money to resolve.

Buying a condo in Pattaya allows dreams to be made real, with dealing through a reputable agency highly recommended.