Expat Exchange
Free MembershipSign In

Should I buy or rent a home in Krabi?

Answer this Question

If you have not spent a lot of time in Krabi, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"The decision to buy or rent a home in Krabi, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Krabi for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. However, buying a home also comes with responsibilities and costs, such as maintenance, property taxes, and insurance. It also requires a significant upfront investment, including a down payment, closing costs, and potentially renovation costs. On the other hand, renting a home in Krabi offers more flexibility. It's a good option if you're not sure how long you'll stay, or if you prefer not to deal with the responsibilities and costs of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money than buying. Additionally, the process of buying property in Thailand can be complex for foreigners, as Thai law places restrictions on foreign property ownership. While foreigners can own condominium units outright, they generally cannot own land. Therefore, if you're a foreigner looking to buy a standalone house, you would typically need to do so through a limited company or a long-term lease. In conclusion, both buying and renting a home in Krabi have their pros and cons. It's important to carefully consider your financial situation, long-term plans, and the legal implications before making a decision. Consulting with a local real estate expert or legal advisor can also be helpful," explained one expat living in Krabi, Thailand.

Traveling MailboxTraveling Mailbox
Connect

Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.

Click connect to have our partner contact you via e-mail and/or phone.

Traveling MailboxTraveling Mailbox

Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
Connect

Click connect to have our partner contact you via e-mail and/or phone.

Other Questions:

Should I buy or rent a home in Krabi?

If you live in Krabi, newcomers to Krabi would love to hear your answer to this question.


Allianz Care
Allianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Allianz CareAllianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Contribute to Thailand Network Contribute
Help others in Thailand by answering questions about the challenges and adventures of living in Thailand.

Allianz Care
Allianz Care

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal