If you've ever wondered how to transform your dream of owning a home into a tangible reality, you've come to the right place. Today, we'll demystify the concept of down payments and explore the plethora of options available to you. A down payment serves as the magical key that opens the door to your dream home, but it's often surrounded by confusion and questions. Fear not! We're here to unravel the mystery and guide you through the fascinating world of down payments. Whether you're a first-time homebuyer, a veteran exploring special loan programs, or simply seeking alternative paths to homeownership, get ready to discover innovative strategies and insights that will empower you on your journey to making your dreams come true. Let's dive in and unlock the secrets of down payments together!
What is Down Payment
'Down payment' refers to a partial payment required by the project owner to secure a booking. When the project is ready for delivery, the project owner deducts the pre-paid down payment from the selling price. Typically ranging from 5-20% of the project price, this payment method allows individuals to purchase homes or condos in unfinished projects or at pre-sale prices. For those unable to pay a lump sum, many projects offer installment options to assist buyers.
For foreigners looking to buy a condo, don't worry as it's legally possible for foreigners to buy condo in Thailand, provided that they abide to the 51:49 ownership ratio (the former of which is owned by Thai locals and the latter can be owned by foreigners). Once you buy a condo unit, you enter into a freehold condominium agreement.
Types of Down Payment
Equal Installment Payment
When condominiums or housing projects are pre-selling before construction begins, it presents an opportunity for buyers to reserve a unit and enter into a purchase agreement while waiting for the completion of the property. Typically, these projects offer a long-term installment plan for the down payment, spanning 1-3 years or based on the construction period. The monthly installment amount remains consistent throughout the designated timeframe, as stipulated in the agreement.
Example
A house is 6,000,000 baht (approx 172,860USD) with a 10% down payment plan (600,000 baht; approx 17,286USD) = 20,000 baht (approx 576 USD) installment/month
Bullet Payment
This method is similar to equal installment payment, with the difference being bullet or lump sum payments to be made in specific intervals. For instance, a regular installment payment amount is 6000 baht while the bullet payment is 30,000 baht.
The buyer would need to fulfill the lump sum payments in the first, 15th, and the final installment period, while the remaining installments following the bullet payment will continue with the regular installment of 6000 baht. Before deciding on condo reservations, make sure to plan and set aside funds for the bullet payment according to the designated intervals.
The Down Payment Duration
The duration of the down payment installment plan typically depends on the construction period of each project. However, as a general guideline, it can be divided as follows:
Low Rise Projects: Down payment installment period of approximately 10-18 months.
High Rise Projects: Down payment installment period of approximately 24-36 months.
Townhouse Projects: Down payment installment period of approximately 6-17 months.
Conclusion
As we come to the end of our exploration into down payments, it's clear that they hold the key to unlocking the door of homeownership. By understanding what a down payment is and exploring the available options, you can confidently navigate the path towards owning your dream home. Whether you opt for traditional cash down payments, leverage government-backed programs, or explore creative alternatives, the power lies in your hands to make homeownership a reality. Remember, your down payment is not just a financial commitment, but a stepping stone towards building equity and creating a place to call your own. So, take the knowledge gained here and embark on your journey, knowing that with the right down payment strategy, the doors to your dream home are within reach. Happy house hunting!
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You've spent countless hours researching, touring, and deliberating over your dream house, only to find yourself struck by an unexpected case of buyer's remorse. That initial spark of excitement has fizzled, leaving you questioning your decision and contemplating an about-face. But fear not! In this article, we'll explore the common phenomenon of changing your mind about a house purchase and provide you with a roadmap to navigate this tricky situation. Whether you're facing doubts, concerns, or simply a change of heart, we've got you covered with practical tips and advice to help you regain confidence and make the best decision for your future. So fasten your seatbelt, because we're about to dive into the world of buyer's remorse and discover the path to a smoother real estate journey.
Can a signed house purchase contract be cancelled?
The possibility of canceling a house purchase depends on the stage you are at in the process. If you're still in the reservation phase, canceling may be an option, although you might have to forfeit the reservation deposit. However, once the house transfer is complete, canceling becomes extremely difficult, even if you haven't inspected or formally accepted the property. Legally, you're considered the owner once the transfer is done. This situation becomes even more complicated if you transferred ownership before conducting an inspection. It's essential to be aware of these factors when navigating the house buying process.
If you're contemplating on buying a house, it's crucial to consider various factors that can impact your decision. Take the time to thoroughly inspect the commuting route between the prospective house and your workplace, ensuring it offers convenience and reasonable travel time. Additionally, think ahead about potential job changes after purchasing the house. Rushing into a purchase without considering future job prospects can be risky. Moreover, if you don't own a personal vehicle and rely on public transportation, or if the house is located in a remote or inaccessible area, it's advisable to reconsider. Prioritize your personal needs and carefully evaluate all aspects of your life before making a final decision, even if the house appears to be attractively priced.
Understanding the different house purchase contracts
When it comes to buying a house, evaluating your personal needs is just the beginning. The importance of thorough documentation cannot be overstated. As a buyer, it is essential to pay close attention to every detail. However, accuracy goes beyond the house purchase agreement alone. Numerous accompanying documents require careful review. Buyers must understand the significance of each agreement type and diligently scrutinize the necessary information to sign a house purchase agreement confidently, without falling victim to exploitation. Should any problems arise, such as inconsistencies or fraudulent activities, buyers have the right to cancel the house purchase agreement.
Reservation Contracts
The House Purchase Reservation Contract is an essential document often utilized when purchasing a house or condominium that is either still under construction or lacks a clearly defined plot of land or property area. This agreement plays a vital role as it reserves the property until sufficient details are available for the completion of a comprehensive purchase and sale agreement. It outlines the terms and conditions for the down payment, making it a crucial and binding document. In case either the buyer or seller fails to fulfill their obligations as stated in the agreement, both parties have the right to cancel the house purchase agreement or take appropriate action to claim the reserved deposit.
Purchase and Sale Contract
The House Purchase and Sale Contract is a vital legal document that comes into play when there is mutual agreement for buying or selling a house. It serves as the cornerstone, outlining all the terms and conditions pertaining to the property transaction and transfer of ownership rights. Should either party fail to meet their contractual obligations, legal remedies can be sought, including the cancellation of the agreement. Thus, it is customary for a house sale to commence with the creation of an agreement prior to the final execution of the purchase and sale contract.
Purchase and Sales Finalization Contract
House Purchase and Sales finalization contract is a final document that legally binds the agreement to buy or sell a house, ensuring the transfer of property rights to the buyer. This agreement must be registered by the officials of the local Land Office, and it is officially referred to as the "Title Deed Sale Agreement" (TD.13).
Additional Documents
Appendix to the Purchase and Sale Agreement refers to various documents that are used to supplement the terms of the purchase and sale agreement. These documents may include additional conditions, specifications of house materials, additional items or promotions that are agreed upon beyond the details specified in the agreement. All the agreed-upon terms must be clearly stated in writing, potentially accompanied by images and diagrams.
What to do if you change your mind
Should you decide to change your mind on a house purchase contract, here's what you could do:
Sell the House
First and foremost, as a homeowner, it is advisable to transfer the house registration as soon as possible, preferably within one year. This is to exempt yourself from specific business taxes. Whether you decide to sell or not at that point is another matter. However, if you choose to sell the house later, it may pose some challenges. Selling might be more difficult if the location of the house is not favorable or if it is part of a deep-lying development. Additionally, there might be other new houses within the project, offering buyers more options. Moreover, selling a house without undergoing a formal inspection and acceptance process can make it significantly harder to sell.
Furthermore, competing with the project owner who wishes to sell all the houses can be challenging since they might reduce prices or offer attractive incentives to lure new buyers.
If you do decide to sell the house, it is important to thoroughly clean and tidy it. If the furniture and other items were included as part of the project, leave them sealed. Avoid making additional home decorations, as potential buyers may not desire them. Take multiple photos of the house from various angles and consider listing it on real estate websites or seeking assistance from real estate agents to find potential buyers.
When it comes to pricing the house, it is advisable not to set an excessively high price. However, if the project has received positive feedback and there is high demand, setting a higher selling price may not be an issue. Lastly, it is crucial to avoid letting the house remain vacant for an extended period, as it may become unattractive to potential buyers.
List the house out for rent
In case the house doesn't sell, you may consider switching to renting instead. However, if the house is located in downtown or in deep alley neighborhoods, finding tenants might be challenging, or you might attract tenants with high standards. Setting a high rental price may not be feasible. Therefore, it is advisable to set a price that you deem most reasonable and suitable for the target rental market. If you struggle to find tenants at that price, you can consider lowering the rental price gradually.
Conclusion
In the exciting journey of buying a house, it's natural for doubts and second thoughts to occasionally creep in. Buyer's remorse is a common phenomenon, but it shouldn't be a cause for panic. Remember, you have the right to change your mind and ensure that your investment aligns with your long-term goals and dreams. Take the time to reflect, seek advice, and weigh your options. Whether you decide to proceed with the purchase, explore alternative choices, or step back altogether, it's essential to prioritize your happiness and satisfaction. Ultimately, a well-informed and confident decision will lead you to a home that brings you joy and fulfillment for years to come. Embrace the journey, trust your instincts, and let your dream home unfold before your eyes. Happy house hunting!
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Welcome, aspiring homeowners! Dreaming about that perfect house to call your own is undeniably exciting, but before you take the leap into the world of mortgages and property ownership, it's crucial to assess whether you're truly ready for such a monumental step. Buying a house is a significant financial commitment that requires careful consideration and planning. In this blog post, we'll explore seven telltale signs that indicate you might not be quite prepared for your first house purchase... at least not yet!
Debts and Liabilities
From credit cards to car payments and fuel expenses, evaluate if you have sufficient funds left for mortgage obligations. Overwhelming debt can hinder your chances of securing a bank loan, as lenders consider your existing obligations and borrowing capacity. To increase your chances of approval and avoid undue stress, it's wise to prioritize clearing or eliminating other debts before diving into homeownership. By doing so, you'll pave the way for a smoother homebuying experience, giving you the flexibility to afford a more desirable property in a prime location.
Career Instabilities
When contemplating the purchase of a house, it's crucial to consider the long-term financial commitment that comes with it, spanning 10-30 years. One of the primary factors to evaluate is the stability and security of your current job. Assess both the stability of your company and your own position within it. If there's a chance of leaving your job in the near future, it's wise to postpone your decision. Waiting for a more secure job opportunity or a higher income can significantly impact your ability to buy a house with confidence. However, it's a common misconception for many to think, "Let's secure a mortgage first and then quit." Believing that a steady paycheck or proof of income is enough can lead to an unforeseen precarious situation.
You're unsure about how long you will be staying
When it comes to buying a house, it's crucial to have a genuine, long-term plan in mind. After all, purchasing a home involves a significant financial commitment. It's important to ask yourself if you're truly prepared to stay in that location for more than 5 years. If you're unsure about the long-term commitment, renting might be a more suitable alternative. Rent payments often turn out to be lower than the initial costs of buying a house, including hefty interest payments to the bank. Moreover, at some point, you may need to relocate, which can complicate the process of selling the house. Selling a house can be a time-consuming endeavor, taking considerable time to finalize. Hence, it's essential to carefully evaluate your choices, weighing the pros and cons, before making the decision to buy or rent a home.
You're unprepared for additional expenses
Becoming a homeowner entails a set of responsibilities that cannot be overlooked. It's common for individuals to opt for renting a house prior to making a purchase. When renting, tenants can easily rely on the landlord to address any issues that arise. However, the dynamics change once you become a homeowner. You become solely responsible for managing repairs and maintenance to ensure your property remains in optimal condition. Alongside these responsibilities, there are additional expenses to consider, including common area fees and various insurance premiums that homeowners must cover themselves.
Insufficient money for down payment
When it comes to buying a house, it's important to understand that banks usually don't offer full financing. In most cases, they provide loans that cover about 80% of the home's price. This means that before you embark on your homebuying journey, it's wise to have a substantial amount of savings, roughly around 20% of the home's price. If you find that you haven't reached this target or are barely meeting it, I strongly suggest considering a delay in your purchase. Take the time to save more money or explore cheaper alternatives, ensuring a more financially secure path to homeownership.
Lack of Emergency Funds
Apart from having funds for the down payment, it's essential to maintain additional savings as an emergency fund to cover unexpected expenses. These expenses can range from bank fees to repairs or even purchasing furniture. It's wise not to deplete all your available cash for the down payment alone to safeguard against unforeseen costs. This precautionary step will prevent potential scenarios like being unable to move into the new house after completing the ownership transfer due to a lack of furniture or appliances. By having a separate emergency fund, you'll ensure a smoother transition into homeownership and be better prepared for any financial surprises along the way.
Peer Pressure or Purchase Urgency
When it comes to buying a house, the final decision rests on our own judgment and the unique factors that apply to our situation. It's crucial to approach this decision with a sense of readiness and financial stability, rather than giving in to external pressures. For instance, just because our peers of the same age have all become homeowners doesn't mean we should follow suit hastily. Similarly, family members might insist that it's time for us to have our own place. However, it's vital not to let external influences dictate our choices. If we aren't truly prepared, it could result in future financial difficulties. Therefore, it's imperative to carefully consider our individual circumstances, make an informed decision, and not yield to outside pressures.
Conclusion
In conclusion, buying your first house is a significant milestone that requires careful consideration and preparedness. While the idea of homeownership can be enticing, it's crucial to recognize the clear indicators that suggest you're not quite ready yet. Whether it's insufficient savings for a down payment, unstable job situations, or succumbing to external pressures, it's important to take a step back and prioritize your long-term financial well-being. Remember, there's no rush to join the homeowner club. Take the time to build a solid foundation, strengthen your financial position, and ensure you're truly ready to embark on this exciting journey. When the time is right, you'll be equipped with the confidence and stability needed to make your first house purchase a resounding success.
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Welcome to a shocking revelation! In this electrifying blog post, we delve into the world of electrical leakage, uncovering its causes, risks, and most importantly, the preventive measures you need to know. Electric shocks are not just hair-raising experiences; they pose real dangers to your safety and property. By unraveling the mysteries behind electrical leakage, we empower you to take proactive steps in safeguarding your home, loved ones, and yourself. From demystifying the culprits that lead to leakage, to highlighting the potential risks associated with it, we'll equip you with invaluable knowledge to zap the shock factor out of your life. Get ready to unmask the unseen, understand the risks, and master the art of prevention. Let's embark on this electrifying journey together!
What is an electrical leakage?
"Electrical Leakage" is when electric current leaks out of a circuit and comes into contact with the surface of electrical wires or the metal parts of devices. If one accidentally comes into contact with it, it can pose a life-threatening risk. For instance, a shock may occur when touching a live wire or an electrical appliance experiencing leakage. This allows electric current to flow through the body and into the ground, disrupting the normal functioning of the heart. If the electrical current is strong enough, it can cause the heart to beat irregularly, potentially leading to cardiac arrest and fatality. There are various factors that contribute to the occurrence of electrical leakage, as outlined below.
Causes
The primary cause of electrical leakage issues often stems from incorrect usage of electrical devices and various other factors, including:
Leaving plugs inserted even when the electrical appliances are switched off, as the current continues to flow and may result in shocks and leakage.
Deterioration of electrical equipment due to prolonged use without thorough inspections. When these devices are powered on, they can cause electrical current to leak. Common problem areas prone to leakage include damaged insulation on wires and components that have been compromised or damaged.
Utilizing non-standardized electrical devices and improper wiring installations within the household. Over time, the consistent electrical voltage may cause these devices to malfunction and lead to leakage issues.
Susceptible Areas
In the realm of electrical safety, certain areas carry a higher likelihood of electrical leakage. These spaces, often associated with continuous electrical usage, can be potential hazards if not properly addressed. Think of outlets accommodating long-term plugged-in appliances like refrigerators or extension cords. Moreover, exterior points of contact, including water pumps, electrical fences, outdoor lighting, and door handles, introduce additional risks, especially when exposed to water. As water is an effective conductor, it amplifies the danger of unintended electric shocks. Another critical vulnerability lies in aging electrical appliances and long-used power outlets, as deterioration increases the potential for leakage. Stay vigilant for any peculiarities, such as burn marks or discoloration on devices or outlets, as they may signify the presence of electrical leakage.
Checking for an electrical leakage
If you're uncertain whether electrical leakage is occurring in your home, don't worry. There's a straightforward method to check it out. Just take a look at your electricity meter. If you notice the meter spinning rapidly, despite not having an excessive number of electrical devices turned on, it could be a sign of electrical leakage in certain areas of your home. To investigate further and get more clarity, I recommend purchasing a voltage tester and conducting a simple check. It's a handy tool that will help you identify potential issues. Start by walking around your power outlets and various electrical appliances, using the voltage tester by gently touching its metal tip against the points of interest.
Using the voltage tester is easy. Just grip the insulated handle firmly and point the metal tip towards the target. For power outlets, touch the metal tip around the socket area. When it comes to electrical devices, gently touch the metal tip against the metal parts. Keep an eye out for any changes. If you notice a brighter light or illumination around the metal tip upon contact, it could indicate the presence of electrical leakage. By following these simple steps, you can gain valuable insights into the electrical safety of your home and take appropriate action if needed.
Solutions
Once you have identified the specific areas or electrical devices experiencing electrical leakage, it is vital to prioritize the safety of everyone by keeping them away from those locations. If you possess knowledge and experience in electrical systems, you may consider attempting to repair the issue yourself. However, if you are uncertain or lack expertise in this field, it is strongly advised to seek the assistance of a professional electrician. Electrical matters should be handled by individuals who possess genuine knowledge and skills, as the potential risks involved can be extremely hazardous.
Once the repairs have been completed, it is crucial to have the electrician perform a thorough inspection of the electrical current to ensure that the repaired devices are functioning normally and operating safely. This step is of utmost importance in maintaining a safe environment and preventing any potential hazards that may arise. If any of the devices have been in use for a significant period, it is advisable to consider replacing them instead of attempting further repairs. Aging equipment has a higher likelihood of experiencing future electrical leakage incidents. By taking preventive measures before accidents occur, you can ensure the safety and well-being of your household.
Prevention
Install a Ground Wire
Ensure the safety of your home by installing a ground wiring system during construction. This system, working with 3-pin power outlets and devices with 3-prong plugs, channels electrical leakage into the ground, protecting occupants from harm.
Install a electrical leakage protection device
Ensure your safety by installing an electrical leakage protection device. This device acts as a quick and effective solution to cut off the power supply to your entire house in case of electrical faults or leakage.
Choosing the right device is crucial. It should have a current rating suitable for the electrical load in your home. If the rating is too low, it may not function properly during an actual leakage event. Conversely, a rating that is too high can cause damage. To cater to varying levels of humidity in different households, opt for a device with adjustable current settings.
The cutting-off time for the device should not exceed 0.04 seconds to provide swift protection. Additionally, it's essential to select a device that meets certified standards from relevant authorities. This ensures reliability and peace of mind, knowing that the device is approved for use in safeguarding against electrical leakage.
Install electrical insulation sheets
If you're unsure about electrical leakage in your home, consider installing electrical insulation sheets. Rubber, plastic, or wooden sheets can be used as effective options. Place these sheets in the areas where you'll be conducting electrical checks to prevent any accidental contact. Should you discover any actual electrical leakage during your inspection, it's crucial to promptly contact a qualified electrician for assistance in resolving the issue.
Conclusion
In conclusion, understanding the causes, risks, and prevention of electrical leakage is paramount in ensuring the safety of your home and loved ones. By being aware of the potential dangers and taking proactive measures like installing electrical insulation sheets, utilizing voltage testers, and promptly seeking professional help, you can zap the shock factor out of your life. Remember, electrical safety is not something to be taken lightly, and a little knowledge and preventive action can go a long way in safeguarding your home from electrical hazards. So, stay informed, stay vigilant, and keep your home electrically secure for a brighter, safer future!
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Beyond Theory and Experience: The Psychology Behind Successful Real Estate Sales. Discover the four essential principles shared by PropertyScout today. Implementing these principles is your key to making selling real estate a breeze!
Loss Aversion
Loss Aversion: The First Psychological Principle to Consider. Many people fear missing out on the best deals if they don't act quickly. Even though better options may arise, sellers can leverage their advantageous properties and deals to instill a fear of loss. For example, phrases like 'Rare Opportunity' or 'Limited Availability' often create a sense of urgency. This tactic is commonly used in property booking websites, notifying users of the remaining availability or the number of interested parties. Similarly, in real estate sales, the 'First Come First Serve' approach is often employed, where the first person to make a quick decision and place a deposit secures the property. By triggering a fear of missing out on great deals, customers are more likely to act swiftly and secure their desired property.
Framing Effect
Framing Effect: Influencing Our Decision-Making through Presentation. It's about presenting options in a way that evokes a more positive response than a negative one. For instance, choosing between '5% Condo Discount' and 'Save 175,000 Baht off Full Price,' most buyers are more inclined towards the latter option, even though both options have the same meaning.
Decoy Effect
The Persuasive Pricing Technique: Influencing Customer Decision-Making through Tempting Options. By introducing enticing choices and expanding product/service options, this technique aids in customer decision-making. For example, instead of offering only small and large coffee sizes, adding a medium-sized option can increase customer engagement. Similarly, presenting a mid-range, high-performance mobile phone model between the most expensive and cheapest options.
Anchoring Bias
This principle is commonly employed in sales, especially for high-value products like cars. When you visit a car showroom, you often see cars with higher prices highlighted or prominently displayed initial prices. When customers encounter promotions or actual selling prices, they become the first reference point and create a lasting impression. When customers explore the actual showroom, they feel that there are reasonable and worthwhile prices.
The same applies to real estate sales. Customers tend to remember the initial selling price, and if we have deals in the same or similar projects at a lower price that aligns with the customer's needs, it helps generate interest and persuades customers to make decisions more easily.
Conclusion
In conclusion, the insights shared in this article revolve around the 4 'psychological principles' that shape buyers' decisions in the real estate market, according to PropertyScout. By incorporating these principles into your sales approach, you can significantly enhance your chances of success. However, it's crucial to consider the timing and suitability of their application, as well as the depth of your understanding and implementation. The more familiar you become with these principles and actively integrate them, the more impactful and refined your perspectives and presentation techniques will be, leading to greater effectiveness in selling real estate.
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Are you in the market for a new home or investment property? It can be tempting to jump on a great deal when you see it, but beware of suspiciously low prices that seem too good to be true. In a previous blog post, we discussed the reasons why some real estate listings may be priced below market value, such as motivated sellers or hidden issues with the property. However, what happens when that cheap real estate listing turns out to be a scam, and you find yourself out of money and without a property to show for it? That's where this blog post comes in. We'll discuss what steps you can take if you've fallen for a real estate scam and offer advice on how to avoid falling for one in the future. So read on and learn how to protect yourself from real estate scams, before it's too late.
When it comes to buying or renting a new property, it's important to exercise caution and be aware of the signs of a potential scam. Real estate scams can take many forms, from fraudulent listings to fake title companies and everything in between. By being familiar with the common red flags of real estate scams, you can avoid falling victim to these fraudulent schemes. In this section, we'll discuss some of the warning signs to look out for when dealing with real estate transactions, so you can make informed decisions and protect yourself from potential scams.
Unrealistically low prices
Unrealistically low prices are often one of the biggest warning signs of a real estate scam. If a property is listed for far less than its market value or similar properties in the area, it should raise a red flag. While it's true that some sellers may be motivated to sell quickly and may list their property below market value, this is not always the case. Scammers often use unrealistically low prices as a way to lure in unsuspecting buyers or renters, only to reveal hidden fees or ask for upfront payments once the transaction is underway. Always do your research on the property and its market value, and be cautious of deals that seem too good to be true.
Pressure to Act Quickly
Pressure to act quickly is another common warning sign of a real estate scam. Scammers often use high-pressure tactics to create a sense of urgency and push buyers or renters into making quick decisions without fully considering their options or doing their due diligence. This can take the form of limited-time offers, claims of competing offers from other buyers, or threats of losing the property if you don't act fast. While it's true that desirable properties can move quickly in competitive markets, be wary of any situation where you feel rushed or pressured into making a decision. Take the time to research the property, verify the legitimacy of the seller, and consult with a trusted real estate professional before making any commitments.
Lack of information about the property or seller
A lack of information about the property or seller is another red flag for a real estate scam. Legitimate sellers and landlords should be willing and able to provide detailed information about the property, including its history, condition, and any potential issues or drawbacks. If a seller or landlord is evasive or unresponsive when you ask for information or refuses to provide it altogether, it may indicate that they are hiding something or that the property does not actually exist. Additionally, if you cannot find any information about the seller or landlord online, such as their name, contact information, or business address, it could be a sign that they are not a legitimate entity. Always do your research and verify the information provided by the seller or landlord before moving forward with a real estate transaction.
Property & Seller Research Tips
Before making any payments or commitments in a real estate transaction, it's essential to conduct thorough research on both the property and its seller. One of the best ways to start is by searching for the property online and checking for any red flags, such as inconsistent or incomplete information, negative reviews, or reports of scams or fraud. You should also verify the legitimacy of the seller or landlord by checking their credentials, such as their business registration, license, or certification. Additionally, you can consult with a trusted real estate agent or attorney who can provide advice and guidance on the transaction and ensure that all necessary documentation is in order. Finally, be sure to inspect the property in person before making any payments or signing any contracts to ensure that it meets your expectations and that there are no hidden issues or problems.
What to do if you got scammed
Real estate scams can be devastating, leaving victims with significant financial losses and a sense of betrayal and frustration. If you suspect that you have been scammed in a real estate transaction, it's important to take action immediately to protect yourself and minimize the damage. In this section, we'll discuss some of the steps you can take if you fall victim to a real estate scam, including how to report the fraud, recover your losses, and prevent similar incidents from happening in the future. While it can be a difficult and stressful experience, knowing how to respond can help you regain control and get back on track.
Report to the Police
If you have fallen for a real estate scam in Thailand, one of the most important steps to take is to report the incident to the police. The police can investigate the matter and potentially recover your losses. When reporting the scam, provide as much detail as possible, including the seller's name and contact information, the location and details of the property, and any documentation you have related to the transaction. It's also essential to keep all documentation related to the transaction, including contracts, receipts, and communication with the seller. These documents can be valuable evidence if you need to take legal action or file a claim with your bank or credit card company. By reporting the scam to the police and keeping detailed records, you can increase your chances of recovering your losses and preventing similar incidents from happening in the future.
(For Foreigners) Contact your Embassy
If you are a foreigner and you fall victim to a real estate scam in Thailand, contacting your embassy or consulate can be an essential step to take. Your embassy or consulate can provide you with guidance and support, including information on local laws and regulations, legal assistance, and translation services. They can also help you communicate with local authorities and navigate the complex legal system in Thailand. By contacting your embassy or consulate, you can get the help you need to protect your rights and interests and work towards resolving the situation. It's crucial to act quickly and contact your embassy or consulate as soon as possible if you suspect that you have been scammed, as time is often of the essence in these situations.
Contact a lawyer
If you fall victim to a real estate scam in Thailand, contacting a lawyer who specializes in real estate and fraud cases is an important step to take. A lawyer can provide you with legal advice and guidance, and help you navigate the complex legal system in Thailand. They can also represent you in court or negotiate on your behalf to recover your losses. When choosing a lawyer, look for someone who has experience handling real estate scams and has a good track record of success. It's also important to choose someone who you feel comfortable working with and who speaks your language fluently. By contacting a lawyer, you can increase your chances of recovering your losses and taking legal action against the scammer.
If Possible, Cancel Payments
If you fall for a real estate scam in Thailand, one of the first steps you should take is to cancel any payments you made to the scammer. If you paid using a credit card or bank transfer, contact your bank or credit card company immediately and explain the situation. They may be able to reverse the transaction or freeze the funds to prevent the scammer from accessing them. Be sure to provide your bank or credit card company with any documentation you have related to the transaction, including contracts, receipts, and communication with the seller. If you paid in cash, it may be more difficult to recover your funds, but it's still important to report the scam and seek legal advice. By canceling any payments and working with your bank or credit card company, you can reduce your losses and increase your chances of recovering your funds.
Avoiding Real Estate Scams in the Future
To avoid falling victim to real estate scams in the future, there are several tips to keep in mind. First, work with reputable real estate agents or brokers who have a track record of success and can provide you with references. Second, verify the legitimacy of a property and its seller by conducting thorough research, including checking the property's title and registration documents. Third, only make payments through secure channels such as bank transfers or credit cards, and avoid cash transactions. Fourth, trust your instincts and don't ignore warning signs such as unrealistic prices, pressure to act quickly, and lack of information about the property or seller. Finally, consider working with a lawyer or consulting with local authorities if you have any doubts or concerns about a property transaction. By taking these steps, you can reduce your risk of falling for real estate scams and protect your investment in the long run.
Conclusion
In conclusion, falling for a real estate scam can be a frustrating and devastating experience. However, by staying vigilant, doing your research, and following the steps outlined in this article, you can increase your chances of avoiding scams and protecting yourself from financial loss. Remember to trust your instincts, work with reputable professionals, and never make payments through unsecured channels. By taking these precautions and staying informed, you can ensure that your real estate transactions are safe, secure, and successful. Don't let a scammer take advantage of you - stay alert and protect yourself from fishy real estate listings.
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Have you ever found yourself in a dilemma when it comes to purchasing a high-ticket item or property? The decision between paying in cash or opting for installment payments can be a tough one to make. On one hand, paying in cash may give you a sense of financial security and satisfaction, but on the other hand, installment payments can provide a more manageable way of making payments over time.
In this guide, we'll break down the pros and cons of both payment methods to help you make an informed decision that aligns with your financial goals and needs. Whether you're looking to purchase a property or a high-ticket item, we've got you covered. So, let's dive in and explore the world of payment methods together!
Varying Risks
One of the most important factors to consider when buying a house is the issue of risk. Purchasing a house through installment payments may seem like an attractive option because it requires less time to save up for the down payment and ownership transfer expenses. However, there are certain risks associated with this approach, such as the need to apply for a loan. In case our financial status or qualifications are not deemed sufficient, our loan application may be denied. Moreover, if we are unable to pay the installment amount, there is a chance that our house may be seized.
If we choose to buy a house or condo before it is completed, we may be required to pay a reservation fee, contract fee, and installment payments until the project is finished. This is commonly known as "pre-sales." However, there is a risk of not receiving our down payment back if the project is halted or fails. This may result in the need to file a lawsuit, which can be time-consuming and expensive.
On the other hand, buying a house with cash may seem like a safer option. However, saving up a considerable sum of money can take a long time, and various expenses or unforeseen circumstances may arise, making it challenging to accumulate the required amount. This increases the risk of not being able to purchase the house when we want to. Therefore, it is essential to plan and divide the proportion of money saved for buying the house, taking into account any potential expenses or unforeseen events that may occur.
Another factor to consider is debt. Opting for installment payments means committing to paying off your mortgage every month in the long run, which requires careful management of daily expenses. Being in debt also limits your ability to take risks and borrow money for investments or other purposes. On the other hand, buying with cash means no debt burden, providing a sense of freedom and an improved quality of life.
Stress & Mental Health
The possibility of debt can be a source of stress when purchasing a house. Opting for a mortgage or installment plan means being tied to payments for several years, and unexpected expenses can add to the stress. While buying with cash may require a longer savings period, it also eliminates the stress of monthly payments. To avoid stress and maintain good health, it's important to plan ahead and choose the right payment method.
Different steps in the purchase
Buying a home through installment involves managing loan application documents and registering the mortgage on the day of transfer of ownership. This process is more complex than buying a home with cash, which does not require a bank loan. When buying with cash, there is no need to deal with financial institutions, which makes the process less complicated and faster. All that is required is to prepare copies of the necessary documents, such as the house registration and ID card, for the purchase and sale agreement and transfer of ownership.
Different Investment Opportunities
If you have a significant amount of cash, investing in real estate and renting it out can be a profitable venture, but it may take some time to recoup your investment and see profits. The good news is that rental income can be used to alleviate financial burdens. Moreover, if your rental property yields a good return, you can earn profits while continuing to make installment payments.
Other Fees and Expenses
Buying a home through installment comes with additional costs such as interest payments that can be as high as the cost of the house itself. In addition, there are various fees associated with loan applications and mortgage registrations, which can add up to tens of thousands of Baht. On the other hand, purchasing a home with cash can eliminate these expenses, resulting in lower overall costs compared to buying a home through installment.
Tax Reduction
At present, the government does not offer any tax deduction policies for individuals who purchase a house or condo, regardless of whether they pay in cash or through installment payments. However, there is a potential tax advantage for those who choose to buy a house through installment payments. By deducting the actual interest payments made towards the mortgage, taxpayers can reduce their taxable income by up to 100,000 Baht per year. Although this might not seem like much, it's still a helpful way to lessen the tax burden and make the most of your investment.
In conclusion, whether you decide to pay in cash or choose the installment payment option, it's important to remember that you are making a significant investment in your future. Don't let the decision overwhelm you or deter you from pursuing your dream property. Instead, take the time to carefully consider your financial situation and the availability of the property, and make a decision that feels right for you. We encourage you to stay positive and hopeful in your search for your ideal property. With patience and perseverance, you're sure to find a property that meets your needs and makes you happy. Best of luck!
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Are you planning to move into your dream home or condo soon? Before you start packing, have you considered the importance of a home inspection? It's a crucial step to ensure that your new abode is safe, secure, and free from any hidden surprises that may cause headaches and cost you money in the long run. You may be wondering, can you inspect the property yourself, or do you need to hire an expert? And if you do choose to hire a professional, how thorough will the inspection be, and how much will it cost? Well, PropertyScout is here to guide you through this process and provide you with all the information you need to make an informed decision. So, let's dive in and explore the world of home inspections together!
Why inspection matters when moving into a new house or condo
Home inspections are crucial before moving into a new property, whether it's a house or a condo. It's important to ensure that any flaws or damages, whether inside or outside, are reported to the project management and repaired before moving in. This not only helps to maintain the value of the property but also protects the residents' rights as homeowners.
However, if we sign off without a thorough inspection and later find any damages or issues, we may have to bear the cost of repairs ourselves. Filing a complaint with the project management can be a messy and complicated process, which is why it's best to avoid such scenarios altogether by conducting a proper home inspection.
Is Self-Inspection worth it?
When purchasing a new home or condo, some people may question whether it's necessary to hire a professional to conduct an inspection or whether they should inspect the property themselves. While some choose to do so for personal reasons, it's important to consider the potential risks of overlooking flaws or damages that could become costly in the future. It's also wise to factor in repair costs when conducting a self-inspection.
However, for those who are confident in their ability to thoroughly inspect or possess handyman skills, conducting a self-inspection can provide peace of mind and save them thousands of dollars in expenses. Ultimately, the decision to conduct a self-inspection or hire a professional should be based on individual circumstances and level of comfort with the process.
Professional Inspection Efficiency
Hiring a professional to inspect our home ensures that the inspection is done by someone who has extensive knowledge and expertise in the field, and who uses specialized tools designed for the job. They will meticulously check every aspect of our home, from the plumbing and drainage systems, to the electrical system, fixtures, roof, ceilings, walls, flooring, and other areas that are difficult for us to inspect ourselves.
Once the inspection is complete, the expert can provide us with a detailed report on the condition of the house, such as the quality of the wiring, any bulges in the wall plaster, evenness of the paint, cracks in the corners, termite infestations due to excess moisture, and other issues that could pose problems in the future, and which we may have overlooked. This allows us to make informed decisions about any necessary repairs and maintenance, ensuring that our new home is safe and secure for years to come.
Professional House Inspection Fees and Reliability
When buying a home, the costs don't end with the purchase price. Many homeowners wonder whether hiring a professional to inspect their property is worth the cost, or if they should opt for a contractor provided by the project at a lower rate.
However, it's essential to prioritize the reliability and expertise of the inspection team over the price tag. Even if it means paying slightly more, a reputable team of experts can provide peace of mind and reduce the risk of future defects or damages.
In this section, we'll explore the essential factors to consider before hiring a professional to inspect your home or condo, as well as the rates and pricing options available.
What you need to check carefully before hiring a professional house inspection service
Business license (if the team of experts is part of a company)
Professional certification (e.g. engineer, architect)
Portfolio of past work
Inspection tools and equipment to ensure effectiveness
The expertise and professionalism of the team, including their practical experience in the field.
Approximate costs in professional house or condo inspections
When it comes to inspecting a house or condo, the inspection rate is typically based on the interior living area of the property. Here are some general rates to give you an idea:
For a single detached house with an area of 300 sqm, the inspection fee is typically around 10,000 baht.
For a townhouse with an area of 150 sqm, the fee is usually around 4,000-5,000 baht for inspection.
Condos with an area of 30-40 sqm are usually charged around 1,000-1,500 baht for inspection.
Some inspection companies also offer package deals that include two inspections for a fixed price. During the first inspection, the inspector will identify any defects or damages. The second inspection is done after any necessary repairs have been made, to ensure that the issues have been resolved. This can give you peace of mind and help you avoid any future problems.
Conclusion
In conclusion, a home inspection is a crucial step that should not be overlooked when buying a new home or condo. It can provide you with peace of mind, knowing that your new property is free from any major defects or damages. By hiring a professional and reliable inspection team, you can ensure that your investment is worth every penny and that you won't encounter any unpleasant surprises in the future. So, before moving into your dream home or condo, make sure to schedule a home inspection to start your journey with peace of mind.
Find your ideal property, available for sale or rent in the best prices possible, or list your property for sale or rent here. Alternatively, if you have any further questions, please get in touch with us:
Attention condo owners! Don't let your rental property collect dust because you're missing out on the key selling points that tenants are looking for. Get ready to boost your rental income with PropertyScout's guide on how to tailor your condo's selling points to meet your tenant's demands and needs!
Why a selling point matters
Investing in rental properties is on the rise, particularly in the condo market. With the potential for steady monthly income, it's no surprise that many are considering it as a passive income option. But to attract tenants and earn the best returns, it's crucial to identify the selling points of your condo rental.
The reason why many people tend to lean more towards condos as opposed to houses is that nowadays houses are often located far from the city, making it difficult for those without private cars to travel while some areas may lack convenient amenities. Condos, on the other hand, are a type of property that attracts attention because they are located near convenient amenities and public transportation, making them easy to travel to and suitable for many workers, especially new graduates and those who do not yet want to start a family.
The Checklist
The following are the selling points to consider if you are looking to get your condo rented out quickly.
Complete Furnishing
When looking for a rental property, one of the key considerations is whether the room is fully furnished or not. This means that the room comes with all the necessary furniture and decorations, ready for immediate use. Ideally, the room should also include electrical appliances such as a refrigerator and washing machine.
Why is it important to have a fully furnished room? Well, tenants have a different mindset compared to property buyers. They are only looking for a temporary place to stay, so it is more convenient for them to move into a room that is already furnished, rather than having to spend time and money on buying furniture and appliances. Therefore, having a fully furnished room can make a rental property more attractive to potential tenants.
Location
The next important factor to consider when looking for a condo is its location. Just like the unit itself, the location plays a crucial role in a tenant's decision-making process. It can even be the primary factor to consider. Thus, it's essential that our condo's location has exceptional features that stand out, such as being situated only 300 meters away from the BTS station or being close to various amenities, including restaurants, shops, department stores, and community malls. Moreover, it should be accessible to hospitals and parks, both within and near the project area. Furthermore, it should be easy to travel to different places, both for those with and without private cars.
Common Areas & Facilities
The availability of common areas is a crucial consideration for prospective condo tenants, as these spaces often contain facilities that make daily living more convenient and comfortable. Condominium developers typically provide well-designed common areas, which have become even more popular since the onset of the Work from Home era. Tenants usually prioritize amenities that are generously sized, well-maintained, secure, and private.
Fortunately, there are numerous condo projects that offer a wide range of facilities, from basic features like fitness centers and gardens to more specialized offerings such as co-working spaces, co-kitchens, theaters, game rooms, and even meeting rooms.
Parking
It's no secret that a lot of condo dwellers nowadays own their own cars and motorcycles. This is due to the fact that some projects are not conveniently situated near public transportation options like buses or trains. As a result, the condo projects that renters are interested in must provide ample parking space. Furthermore, legal measures must also be put in place to ensure proper parking arrangements, as many projects operate on a first-come, first-served parking system. As a result, inadequate parking spaces can be a major issue, especially during late hours.
Being situated near the BTS sky train system
Living near a BTS station can be a significant advantage for tenants who don't own a car. The BTS network has grown and now covers nearly all parts of Bangkok, and with new lines continuously being developed, it has become an essential mode of transportation for those without private vehicles. It not only saves time and energy by avoiding road traffic, but also provides easy access to neighboring provinces and other means of transportation for reaching important destinations.
The View
The topic of scenic views may appear to be of little significance, but it is actually quite essential to many tenants who want to enjoy a stunning and comfortable view from their living spaces, rather than being greeted by the sight of another building right outside their window. As a result, high-rise condominium projects are often preferred as they offer a broader and uninterrupted view.
In contrast, low-rise and mid-rise condos need to provide sufficient surrounding space to create a more extensive and pleasing view. This can be achieved through well-planned gardens and strategically allocated open spaces that are both appealing and organized, ultimately reducing the impact of unsightly views.
A well-positioned unit
While we have discussed the building's exterior at length, let's shift our focus to the interior. One crucial aspect to consider is the location of your unit, which is usually indicated on the project's floor plan. This information includes details like the unit's orientation and nearby amenities.
For instance, the direction your unit faces, whether it's north, south, east, or west, can significantly impact its desirability. Units facing west, for example, can receive intense sunlight and heat during the afternoons, making them less attractive to potential tenants. Therefore, units facing north are often more popular. Also, tenants generally avoid units located near the garbage chute or elevators due to unpleasant odors and noise.
Corner units, on the other hand, are typically more coveted since they share a wall with only one other unit, providing greater privacy. Moreover, some corner units may have more space than others, which can make them even more desirable to potential tenants.
Detailed Unit Plan
Ultimately, most renters typically prefer floor plans that have well-defined partitions. Whether it's a studio or a two-bedroom unit, their lifestyles can be quite distinct. Therefore, having clear partitions in the living spaces can provide them with a sense of orderliness and privacy.
One common area where renters look for partitions is in the kitchen. Many renters prefer having a door that separates the kitchen from the rest of the unit to avoid cooking odors from permeating the living spaces. Additionally, if your condominium includes a designated balcony area, it can be utilized as a drying area to keep laundry out of the living spaces.
Conclusion
In conclusion, as a condo owner, it's important to understand the needs of potential tenants in order to ensure that your condo's selling points align with their preferences. By paying attention to factors such as location, amenities, and floor plan, you can make your condo more appealing and increase your chances of finding a great tenant. Remember, investing in your condo now can lead to long-term benefits in the form of higher rents, lower vacancy rates, and ultimately, a higher return on your investment. So, take the time to understand your tenant's needs and tailor your condo accordingly. Your efforts will pay off in the long run.
Interested in getting an excellently located condo surrounded by various amenities and get exactly what you pay for? Click the links below:
The Chatrium Grand Bangkok boasts an enviable location in the bustling Siam neighborhood, renowned as a central hub for both locals and tourists alike. Situated behind the iconic Siam Paragon and the luxurious Siam Kempinski Hotel Bangkok, getting to the hotel is a breeze. Simply hop on the BTS to Siam Station, and take a leisurely 6-minute stroll through the Paragon shopping center to arrive at your destination (shopping time not included, hehe).
But the convenience of transportation is just the beginning. The hotel's prime location puts you within steps of Siam Paragon, a shopping and lifestyle complex that has everything you could possibly need. And that's not all - the vibrant Siam Square, Siam Center, MBK Center, Platinum Fashion Mall, and Siam Discovery are all in close proximity, as well as the Bangkok Art and Culture Center. It's easy to see why this location truly serves as the epicenter of Bangkok's vibrant energy.
Accessibility
By Car
Traveling to Chatrium Grand Bangkok by car is a breeze. Just drive straight down Rama 1 Road until you reach the vibrant Siam area. Then, simply make a turn towards Siam Paragon and follow the route until you arrive at the hotel. It's that easy!
Taxis and Motorcycle: There are taxis and motorcycles constantly passing around the area. For increased convenience, however, using a driver pickup request service through apps such as Line Man or Grab is strongly recommended.
Amenities
Shopping & Market
Siam Paragon, centralwOrld, Siam Center, Siam Discovery, MBK Center, SIAMSCAPE, Siam Square One, AEC Trade Center Pantip Wholesale Destination, The Platinum Fashion Mall, DON DON DONKI – MBK Center
Grove @CentralwOrld, Co-Co Walk, Chilling House, Hollywood Street Pub, The Rock Pub, ME CAFE coffee I tea I me
Temples/Churches Wat Pathum Wanaram
Campuses
Wat Pathum Wanaram School, Rajamangala University of Technology Tawan-ok : Uthenthawai Campus, Triamudomsuksa School, Chulalongkorn University, วิทยาลัยพยาบาลตำรวจ
Hospitals
Police General Hospital
Fitness
Chalermlah Park, Rocky Gym
Tourist Attractions
SEA LIFE Bangkok Ocean World, Madame Tussauds BANGKOK, KidZania, พิพิธภัณฑ์วาจวิทยาวัฑฒน์
Event Space
Bangkok Art & Culture Center, Parc Paragon
Police
Royal Thai Police Headquarters
Office Building
Siam Piwat Tower
Hotels
Siam Kempinski Hotel Bangkok, VIE Hotel Bangkok – MGallery, Grand Diamond Suites Hotel, Novotel Bangkok Platinum Pratunam, Centara Grand & Bangkok Convention Centre at centralwOrld
Other
Institute of Forensic Medicine, Embassy of the Republic of Indonesia, Department of Physical Education
About Project
Chatrium Hotels and Residences have an exciting array of serviced apartments and hotels located in Thailand, Myanmar, and Japan. From the luxurious Chatrium Riverside, Chatrium Grand Bangkok, and Chatrium Residence Sathorn Bangkok in Bangkok to the upcoming Chatrium Golf Resort Soi Dao Chantaburi in Chanthaburi province, which will soon become a golf resort.
One particular project that stands out is located in the heart of Siam, just a stone's throw away from Siam Kempinski Hotel Bangkok and the famous Siam Paragon, Siam Discovery, Siam Center, Siam Square, and Siam Sep malls. This project ensures maximum privacy with secure access and a non-congested entrance. Not to mention, it is just a short walk from the BTS Siam station, which is an interchange for both BTS lines.
The project's interior design is impressive, incorporating Thai art, culture, and nature in every detail. The facilities provided are luxurious, including a fully equipped fitness center, fancy restaurants, and a poolside bar. The project is not just an ideal place for relaxation but also a perfect venue for hosting events with its spacious meeting rooms.
The project features two buildings, one residence building and one 32-storey hotel building, with a total of 582 units. The following are the 10 types of units available to choose from:
Deluxe Room (46 sqm)
Premier Room (51 sqm)
Family Room (51 sqm)
Club Room (46 sqm)
Executive Suite (71 sqm)
One Bedroom Suite (63-71 sqm)
Two Bedroom Suite (78 sqm)
Executive Two Bedroom Suite (119 sqm)
Three Bedroom (170 sqm)
Penthouse (321 sqm)
Facilities
1st Floor
Lobby
Upon entry, you'll first encounter the lobby towards the left hand side. Ready to assist you at the reception corner is the receptionist followed by the unique perspective and color-alternating wall deco inspired by the Saen Saeb canal, giving the appearance of movement. Adjacent to the reception area are seats scattered across for leisure and relaxation purposes.
Savio
Towards the left side is the Savio, a restaurant that embodies the essence of Chatrium Grand Bangkok with its Thai-inspired design. Savio offers a diverse buffet menu with an array of dishes ranging from Thai, Chinese, and European cuisine to a variety of desserts.
5th Floor
THANN Sanctuary
Now we're gonna be ascending to the upper floors, where we will start off with the THANN Sanctuary, a hotel spa. This authentic THANN store provides an array of services, including fragrant oils and spa products, as well as actual massage treatments such as oil massages, aromatherapy massages, and a Wellness Zone.
Kids Room
Next to the spa, where cuteness meets safety, is the Kids' Room. Here, kids can sit and play comfortably while their parents exercise nearby. Aside from being completely equipped with seats, the Kids' Room also offers a play area for children.
Fitness Room
Moving on, here we have the Fitness Room. This gym features large mirrors and in addition to being fully equipped with a multitude of fitness equipment, there are more than enough for everyone.
7th Floor
CASIA
And we see a restaurant again with the CASIA, this time featuring French-Mediterranean cuisine in Fine Dining style served by renowned chef Jerome Bondaz.
Flow
Adjacent from the CASIA restaurant and nearby the swimming pool is the Flow bar, featuring a multitude of food and drinks (the former of which are more healthy choices).
Swimming Pool
Speaking of swimming pool, Chatrium Grand Bangkok has it all! from the incredible pool size to the shade nearby along with the pool decks, hanging out and having fun at the swimming pool has never been this fun!
Parking Capacity
Due to lack of information on exact parking capacity, calling the project directly is highly recommended.
Highlights
Amenities are close and extremely accessible (particularly Siam Paragon) through the project's shuttle service.
The project is only 6 minutes away from the BTS Siam station, and vice versa.
Types of Units
One Bedroom Suite
As we stepped into the One Bedroom Suite, we were immediately struck by its spaciousness and cozy decor. This room is perfect for solo travelers who want plenty of room to stretch out and relax. On the right-hand side, we discovered the Pantry Area, which is fully equipped with a range of kitchen appliances and ample countertop space.
Continuing on, we entered the Living Area, which exuded a warm and inviting atmosphere. From here, we could step out onto the balcony and take in the view. On the left-hand side of the room, we found the roomy bedroom, which was surprisingly spacious for a one-bedroom suite. Adjacent to it were the wardrobe and the generously sized bathroom, complete with a bathtub for a soothing soak.
Two Bedroom Suite
Moving on to the next room, we discovered the Two Bedroom Suite, which is an ideal room for those who require a bit more space.
Upon entering, we were greeted by the Pantry Area, situated on the left-hand side, complete with a counter and a dining table. A few steps further, we arrived at the cozy Living Area. At the back of the suite was a small bedroom with twin beds that could be accessed through sliding doors on either side, along with an adjacent bathroom.
The expansive master bedroom was equipped with a large bed and ample space. In addition to that, the room was complemented by a "Sexy Bathroom," featuring clear glass partitions instead of walls. To top it off, the bathroom also had a bathtub for indulgent soaking.
Executive Two Bedroom Suite
Moving on to the third room, we encountered the Executive Two Bedroom Suite. Upon entering, we were greeted by a cozy Living Room with an L-shaped sofa. To the left, we found a compact kitchen counter and a small dining table. The two bedrooms were located further in, both lacking the unique feature of a Sexy Bathroom.
What's intriguing about this room is that it can be expanded by purchasing an extra unit, transforming it into a spacious three-bedroom suite.
Three Bedroom
The third room we visited was a Three Bedroom Suite, with the expansive master bedroom being the first space we stepped into. The total size of this suite, when merged with other rooms, amounts to an impressive 170 square meters.
Inside the bedroom, there was a cozy seating area and twin beds. Adjacent to them, we spotted a work desk and TV stand. Just a slight turn to the left, and we reached the wardrobe and coffee maker. On the opposite side, we discovered the bathroom, featuring a Sexy Bathroom with a clear glass partition and a luxurious bathtub.
Price (as of May 2023)
Rental Price
Average starting price: 69,500 baht/sqm.*
Starting price: 1.29M baht.*
**Please note that these prices were from the date information was gathered up in preparation for this review. Actual prices may have varied since.
Conclusion
In conclusion, the Chatrium Grand Bangkok is truly a gem in the heart of Siam. With its luxurious serviced apartments, convenient location, and outstanding amenities, it's the perfect choice for those seeking comfort, style, and convenience. From solo travelers to families, this hotel has something for everyone, and its friendly and attentive staff ensures that guests have an unforgettable stay. So, whether you're planning a short visit or an extended stay, make sure to consider the Chatrium Grand Bangkok for an experience you won't forget.
Click the links below if you are interested in renting or buying at Chatrium Grand Bangkok
