The Hua Hin district is one of the best places to settle in Thailand. It is one of the eight districts located in the Malay Peninsula in Thailand and lies at a distance of around 200 km on the southwest of Bangkok. It’s a beach resort town with a population of less than 85,000 people, making it the perfect getaway for locals in the region. Hua Hin is a gorgeous place to settle, because there are sparkling beaches, high-rise buildings, and best of all, plenty of business opportunities for you to grow. Real estate prices in Hua Hin are on the rise at the moment, so it’s best if you buy property as quickly as possible.
Buying a Hua Hin condo, or a คอนโด หัวหิน ชะอำ, as the locals would say, is a very astute move. Private companies like The Energy have a number of different projects underway in Thailand through which you can purchase a condo. You will have to pay a small booking fee in the beginning to confirm your interest during construction. You can then make the subsequent payments as construction continues and eventually get possession of the condo. It doesn’t matter whether you wish to settle in Hua Hin or not, because you can also sell off the condo at a greater price later on.
How to Buy a Condo in Hua Hin
If you are interested in purchasing a condo in Hua Hin, the first thing you need to do is get in touch with local developers. Due to the increase in interest from foreign investors, there are a number of different construction companies that have started construction on large-scale condominium projects across Thailand. Buying a condo in Hua Hin is not as difficult as it seems. Companies such as The Energy have a series of different projects underway. You can visit one of their offices in Hua Hin and take a look around one of their model homes. This will give you a better idea of how the condo will look once it is finished.
Once you are satisfied with the look and feel of the place, you can negotiate the price. Local development companies are often willing to negotiate up to a certain extent on the price of the condo. However, the demand for property in Thailand is quite high at the moment. Therefore, it’s unlikely that the company will be willing to budge from its position too much.
Setting a Payment Plan
Once the deal has been signed and the booking has been confirmed, you can set the payment plan with the construction company. Paying the whole lump sum amount isn’t a wise move, especially if construction is still ongoing. If you are buying property in a developing project, you will need to make payments either monthly or quarterly. The payments will continue to decrease with the passage of time, until they are finished altogether. The company will hand over the papers and all relevant documents once all payments are made.
