How to Invest on the Eastern Seaboard and get a 7% ROI
There is a variety of good investment possibilities available in Pattaya and throughout the Eastern Seaboard and all one needs to do is a little research. As an investor, you must look at both the negatives and the positives contained in each investment opportunity that comes your way.
Yes, one must weigh the negatives against the positives…..but they must also have the insight to make that investment move when it is available. Just as luck is often described as the result of someone being prepared for opportunity, investment returns are often the result of not just being in the right place at the right time, but making the right decision at the right time.
Let’s take a look at some of the advantages and disadvantages of some of the available investment options we have here in Pattaya and throughout the Eastern Seaboard.
1. Purchasing pre-construction from developers with ‘proven track records’.
Investing in a new development project can be very profitable. When you buy condominium units during the pre-construction and construction stages, even from a ‘major’ developer you will have the opportunity to purchase them at very competitive prices. The key factor here is to invest in projects from developers who are well known and respected, those that have ‘proven track records’. Here at Pattaya Prestige Properties we only work along with the highest of reputable developers.
A second key-factor for making good investment returns on your money is to buy units in the better locations, the more desirable living areas of the building. For example a corner unit with sea-view facing Jomtien Beach is sure to be a good investment.
When purchasing pre-construction you must do your research so as to be very sure of the developer. There have been developers in Bangkok and the Eastern Seaboard in the past that have not completed their projects on time. We at Pattaya Prestige Properties always perform our due-diligence in all projects and once satisfied the development will be a success, we will proceed and present the project to our investors.
2. New developments under construction or just completed.
The advantages when investing in new developments is that you will not have to wait a long time to sell or rent out your property. In other words, your investment return is much quicker then in the first category. The second advantage is that you can be much more confident that the project will be completed. In addition, you will also know exactly what the quality is of the materials used and the caliber of finishing work. This is most definitely a more secure path, especially for the new or short term investor.
You will pay for the convenience of security with a less profitable investment return as is found in the purchase of units during pre-construction.
3. Owners who need to sell their properties.
At this time the real estate market has some very attractive investment options with many in Pattaya declaring a ‘buyers market’. This is due to the impact of the financial crisis, which has been compounded by the low season. These two ingredients have brought to light a good number of property owners lowering their selling prices and we have also seen a good deal of ‘owner financing’. Terms and conditions always enter the arena during markets such as we are now seeing here on the Eastern Seaboard. At least a few times a week we receive emails and/or calls from property owners that are lowering there selling prices. You can subscribe on our website to be informed of these ‘Fire Sales’ as they come in!
These types of ‘deals’ tend to come up unexpectedly and usually sell pretty quickly as well. You must have quick and available cash to be able to take advantage of these types of property sales.
4. Purchasing a home with a tenant and rental contract.
If you are the kind of investor that is looking for a real estate investment that will provide you with a reasonable and steady income right from the start, this is your kind of investment. The prices for detached houses compared to condos are much lower but the rent you get is the same or in certain cases can be more. You pick your deal, as owning a house is different to owning a condo.
One particularly important issue here is ‘knowing’ who is currently renting the property (pays rent on time, clean and neat, low maintenance to the premises, etc.) before you complete the purchase.
5. Purchasing land in areas which will be ‘positive growth’ areas in the future. (long term investments).
This category is a bit more insecure than buying land in an area where your money is not ‘tied up’ for a longer time but at the same time you can make a lot more than with short term investments. Some very good examples would be as in plots in the Bangsaray area, Phoenix Golf Course and the Silverlake Vineyards/Buddha Mountain area. Check out our website for some fantastic land deals available at this time.
You ‘must’ be ready, if necessary, to wait the necessary amount of time to realize your investment. People that have made long term property investments only to find they ‘have to’ sell early for some reason are sure to lose money.
6. Purchasing land as short term investments in up and coming areas of ‘positive growth’.
There are a number of areas which already show good ‘short term’ investment possibilities. Examples are Naklua, Pratamnak Hill, Wongamat, Na-Jomtien and Soi Chaiyapruk, etc. Both commercial and residential plots of land in these areas have been going up steadily in price the last several years and will most likely keep on doing so in the coming years.
Make sure you know all the necessary information concerning building codes, zoning rights, utilities available, etc. The best plot of land in the best ‘positive growth’ area without any of the basic and necessary building codes, zoning rights and/or utilities available could make or break your investment returns.
7. Development of your own condominium or housing developing project.
If you are really looking for a solid, highly profitable and challenging investment return, this is the one that has shown to be reliable over and over here in Pattaya.
After organizing the proper design/architectural team, construction team and marketing team, there is no better way to make as much as 50% to 85% profit and more on your investment.
Location, design and materials are absolutely critical for success in developing your own project. You must know what you are doing and have the right ‘development team’. Know what you are doing and the profits are extremely high, but when investing in large development projects…..mistakes can be very costly as well. Know what you are doing and know who you are working with and you can make the ‘Big Money’ too!
Become a part of our sound investors group. We will inform you immediately of ‘Fire Sales’ as they come through the door. Use the ‘Click’ button and fill out the relevant information and we will forward you details of houses/condos and land that can be 25% or more less than the market value!
We will also give you details of new developments and projects before they are launched on the market, giving you the opportunity to be one step ahead of the day to day purchaser