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Builder recommendations/House construction cost

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5 hours ago, Tanlic said:

15m Condo? In BKK in the best building that will get you 60,000 baht per month a gross 4.8% yield. The first one I googled have some for rent at 70k which is 5.6 yield but there are so many for rent, Plus you are dealing with the farang market when there are millions of Thais out their you could be selling to 

 

 

If you have the brains and the courage a much better investment is do what my wife's family are doing.

 

Do your homework and you will easily fin a nice 120sqm 3 bedroom house for sale on the outskirts of BKK for 5 million to 6 million baht.

Or the Korat bypass for example :0)

They look great on the outside but are no more than a basic build with nice toilets some have no kitchen others have a Thai base with a sink and that is that.

 

Including infrastructure you can build the same house for 1. 7million baht (How dare you copy their idea) the land in a good spot just outside town 1.5 Rai 2 million baht

You are allowed 7 houses and a road if needed so your outlay is 14 million tops

 

Your selling price on 60 wah plus is 3.4 million net.  building time 18 to 24 months. That is the going rate in most Issan city outskirts for a new 3 bedroom house

 

The demand in Issan is rapidly changing and Thai are no longer happy with a house on sticks or the old Thai style.

Young people want modern housing.

 

Obviously if you sell off plan you will never spend your 14million investment and your return 23.8 million

 

Not as easy as it sounds and a lot of headaches and time but a far better investment than buying a condo in sunny Bangkok.

 

I do not deal with the Thai market and buy in places foreigners prefer to be. Issan does not figure in my plans.

 

I also don't build or buy off plan very often. It's not my area of skill or vision (or interest). 

 

I usually buy new and complete, and often buy the actual show villa/condo fully furnished. Do I pay more than I could if I was "smart or courageous"? Yes. But I don't have the time or interest in building or interior design. In that 18 - 24 months, I have probably sold it and made a few million baht, or it just adds to passive income.

 

Everyone has different investment plans and I hope whatever you do it works for you. 

 

Right now I have an 8 rai plot with a 4-bed/5 bath 450sqm house and pool with stunning views in Chiang Mai for sale. 

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25 minutes ago, DLock said:

Good for you. Every man needs that man cave where we can enjoy our privacy surrounded by all the things we like. The inner sanctum.

 

Enjoy your lovely house.

The Man (City ) Cave !

Etihad office (2).jpg

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On 8/20/2019 at 10:39 AM, DLock said:

Thats big, and not expensive at all.

 

Congratulations, that's awesome and I'm sure you are really happy and make a lot of people jealous in your area.

 

Thanks for posting.

Yes I am happy here, not another falang in the vicinity that I know of. No need to make anyone jealous or Jones' to keep up with.   LOL

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1 hour ago, wgdanson said:

The Man (City ) Cave !

Etihad office (2).jpg

Thats awesome. Love the guitar. Mine is full of drum kit, coke machine, retro video games and a glass desk and comfy couch. It's my escape pod.

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 We can't all be perfect😁 Can we get Denial Law back please?

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On 8/21/2019 at 6:16 AM, vinniekintana said:

Generalisations and stereotypes exist for a reason.

Yes, they are useful to people who are unable to think for themselves (they are also against forum rules as far as I know). They say more about you than the people you are stereotyping: most foreigners with your attitude only socialise with a certain type of Thai.

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