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Buying/renting a house instead of building one

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I know it's not commonly done, but has anyone bought/rented a house instead of building one?

 

Is it a taboo or do you lose face if you buy/rent?

 

I'm trying to understand why every man and his dog is doing a newbuild.

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13 minutes ago, CharlieH said:

emember the golden rule, dont spend or invest any more than you are prepared to walk away from.

Isn't that rule valid in every country on the planet even you're own?

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I'm in a 3 bedroom, 2 BR, house with a walled yard and gate, no mansion, but not a dump.   5000 b a month.

I tried using online rental agents, they were worthless, and tried to steer me to 18000 B a month places, but not the 8000 b a month places they had listed, online.

One of my GF brothers noticed a 'for rent' sign on a house in the neighborhood we wanted, and told us.

 

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Rent. Then you can move when the selfish (Deleted) opposite decides to turn his front garden into a workshop.

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4 hours ago, Puchaiyank said:

I can rent a very nice home for a fraction of the cost of a new build for a similar home...no sleepless nights worrying over contractor and materials rip offs...no fighting with the little lady or relatives over details...move in immediately and enjoy the fruits of someone else's labor...😊

There is a lot to be said about renting, especially in Thailand and the inherent instability as a foreigner, and the difficulties associated with liquidating real estate. With a rental you can simply pick up and go.

Yet there is a lot to be said about ownership, especially for a particular personality set.

Some of as have not gotten over the "mine"phase. but even putting that aside, one simply does not make the investment in lifestyle in a rental that will make in one's own house.  Will you build that gazebo you always wanted in a rental? will you improve someone else's property.

IMO life is too short to be compromised for the sake of convenience.  

 

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My wife, when I wanted to move from Singapore back to Thailand explained to me about realty in Thailand.

 

Outside of central Bangkok real estate resale values are appalling. 

 

I quickly realized that after a few years, when you see houses empty, up for rent for years.

 

I wrote off the value of our house a while ago.

It serves as a vacation home, but as for it's 'value I'm pretty sure it 25% at best

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34 minutes ago, sirineou said:

There is a lot to be said about renting, especially in Thailand and the inherent instability as a foreigner, and the difficulties associated with liquidating real estate. With a rental you can simply pick up and go.

Yet there is a lot to be said about ownership, especially for a particular personality set.

Some of as have not gotten over the "mine"phase. but even putting that aside, one simply does not make the investment in lifestyle in a rental that will make in one's own house.  Will you build that gazebo you always wanted in a rental? will you improve someone else's property.

IMO life is too short to be compromised for the sake of convenience.  

 

Improve property...yes!  Gazebo...definitely not!  My Thai neighbors have actually came over and chastise me for keeping the grass cut on a regular basis and washing down the mildewed exterior white block fencing..."you crazy!"  555

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4 hours ago, fishtank said:

Rent. Then you can move when the selfish (Deleted) opposite decides to turn his front garden into a workshop.

Yes ! Definitely Yes.

TGF and I bought a newbuild house in a very nice middle class Ubon subdivision just being developed.

First two years it was perfection. 

Now the farang who bought next door plays noisy shouting ping pong games with his Thai friends every afternoon and evening.

And the Thai who bought the lot at the back has built a hangar to sort out bags and bags of second hand clothes to sell at markets.

His activity is not what the neighborhood is about plus loud voices all day until late at night.

It just happens that we have an escape route. The TGF has bought another house in her village and that's where we're going to live as soon as it's ready. We will keep the present Ubon house for a time with a family member to house-sit it.

It's luck that we're able to buy another house but if we we're renting it'd be simply just a matter of moving quickly to another rental.

Edited by jayceenik

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Make sure the relationship is so.id before you build. I built new 

and relationship went sideways. She still lives here and I’ve learned to ignore what I want to. Suggest renting. 

 

The house wasn’t expensive and if I had to walk away I could...

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rent is definitively a better and less expensive  option

you can move quickly if something is wrong around

 

anyway you can not own land in thailand

 

sure you can buy or built a house for your wife or girlfriend

but it'll never be ''your'' house and you could be stuck here or be kick out

depends on how the relationship turn in the future

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A friend rented for a few years, then purchased the home he was renting (in Chiang Mai). Very nice way to make sure the house has no serious issues before buying. Myself, I prefer to rent forever. But, if I were a young person, looking at years of living and working in Thailand, I could understand the desire to invest.

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