Choosing the Perfect Property on Koh Samui

Your Budget: Clearly define a realistic budget, considering both the purchase price and any additional expenses such as legal fees, renovations, and required on-going maintenance including pool maintenance and gardening costs. It’s also useful to factor in the cost of living on the island, which can be high, and the expenses of transferring money to Thailand.

Minimum Number of Bedrooms: Consider the size and type of property that fits your needs.

Areas/Towns of Interest on Koh Samui: Identify which areas of Koh Samui align with your lifestyle, whether it’s a bustling area or a quieter zone. Most purchasers of investment properties and holiday homes prefer the busy northeast of the island while others prefer the quieter peaceful south and west of the island.

Must-Haves and Deal-Breakers: List features that are essential for your property and those you want to avoid. Be sure to distinguish between the style of the property, which can be changed through renovation, and the substance, such as location, land size, view, and floor plan, which are permanent.

Reasons for Buying: Clarify whether you’re seeking a permanent residence, a holiday home, or a pure investment property as this can impact the style and location of the property that is right for you. For instance, if you are buying for pure investment, generally modern properties on the northeast with sea views or within walking distance to the beach provide the best rental yields. For buyers interested in a permanent residence –  comfort, space and ease of access are more important factors.

Maintenance Fees: Decide if you prefer properties with maintenance fees in private estates/developments or independent private properties without these fees.

Property Status: When deciding between completed and off-plan properties on Koh Samui, consider several factors. Completed properties offer immediate availability, certainty in what you’re purchasing, and established neighborhoods, reducing investment risk. In contrast, off-plan properties often come at a lower initial price with potential for appreciation, and provide customization options, but involve longer wait times and reliance on the developer’s reliability. Your choice should align with your personal needs, financial situation, and investment strategy, balancing the immediate utility and known qualities of completed properties against the potential benefits and risks associated with off-plan properties.

Accessibility: Assess the ease of access to the property, especially for those situated in challenging terrains like mountain roads. Those looking for a permanent residence prefer easy access for ease of everyday living while investors and holiday rental guests are happy to consider more difficult access and mountain roads to allow for dramatic panoramic sea views.

Lifestyle and Amenities: Think about the lifestyle you or your renters want – proximity to beaches, restaurants, and entertainment options. This knowledge is crucial, especially if you’re considering renting out the property, as these factors significantly impact rental appeal