BIGGEST MISTAKE? Buying Land and Building a Home in Thailand
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- čas přidán 25. 10. 2022
- Today we are looking at interesting options to buy land and then build a dream home here in Phetchabun province in Northern Thailand.
Is this a good idea or a big mistake?
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09:55 **So 8 Million THB is actually $209,000 USD (my bad)
Hi Paddy. I am not good at off-roading too but I have heard that decreasing your tyre pressure may help.
lol, saw the number and thought, mmmm, that's nowhere near. Was about to comment, then saw this lol. If that is land and house, for that size, and with a pool, I'd say that's not bad at all.
ตรงเขาค้อไฮแลนด์ราคาล้านกว่าๆลองไปดูนะ
เขาค้อยินดีต้อนรับ
So 8 Million THB is actually $209,000 USD (my bad) ....4 Million
I ran across your video… I am a 72 year old woman laying in bed… And I am looking at the world through your eyes… I dream of travel again… Seeing the wonders of this great world we live in. Thank you for sharing your adventures and thank you for being safe. I have never wanted to even visit Thailand although I hear it’s quite beautiful, it’s just never been on my radar. I’m glad I can visit it with you thank you
I think you got it right with the title, Paddy. Buying a house here is only a good idea if you know that you will never try to sell it, because you will always lose money. It's one of very few countries in the world where land/property doesn't appreciate. I bought a 4 bed/4 bath home in an upscale "mu ban" ( หมู่บ้าน) in Bangkok 17 years ago using my company, because foreigners cannot own land outright. You can own the house in your name, but not the land it's built on unless you use a company to buy it. I've maintained it at great expense in "as new" condition (maintaining a house here is very costly because of monsoon weathering every year), but even that isn't good enough for Thai buyers unless I'm prepared to sell it for LESS than I paid for it. And of course the majority don't appreciate Western interior design and appliances so you only ever decorate for yourself - they're quite happy with a fluoro tube and a gas burner on a tiled floor. I totally agree with you about Phetchabun - for me it's on par with Switzerland in many ways and definitely the most beautiful part of the country, But, my humble advice: always rent, don't buy.
Thank you for sharing this extra detail. Very insightful.
OK ! Thanks ! ❤
I had residence in Thailand between 1999 and 2005 and owned a house through a company. My house cost 3m Baht and was already luxery. If I did it again, I'd buy a pickup and only rent. Then move to another place every 1-2 years.
Absolutely right. I don't understand these videos of Westerners building ridiculously large homes ... it seems a bit like colonization and I imagine the locals would resent it. Why not rent the same type of house the locals live in and try to fit in, instead of building a villa in a poor moobahn and sticking out like a sore thumb?
Given all the restrictions around ownership and even living in Thailand long term I just don't see the point in buying in Thailand. Especially since expensive finished homes are often virtually illiquid in the secondary market. The two different friends I personally know that tried to sell up, it took a very long time and they had to sell for less than they bought for.
Retail yields are also typically quite poor if you want to rent it out
I think renting makes a lot more sense. You can take the 200k USD you would have used and invest that in a property in your home country where you have clear ownership and capital gain over time and rental yields are likely much better.
Then use the rent you get in your home country to rent a comparative palace in Thailand. That's the route I'd go anyway.
Edit. If you really don't care about capital gain / rental yield and are perhaps married to a Thai and will be leaving her / your kids there the property, then I guess it's a slightly different situation.
Fool's Gold.
I stayed 4 years , and also almost bought a condo....it's tempting. But finally i decide,..... Renting is sooo cheap, and your not stuck or committed . You can just stop and go.
I know we in the west reason different. As renting is paying someone else's property.
But you're a foreigner,and never can own more then 50%, and yes they got all kinds of tricks that I'm not gonna explain.
It's a great relaxing place to live, ....and KEEP IT LIKE THAT!!!
ITS THE FREEDOM that makes it so refreshing. So just never commit to anything, and you'll never get headaches !!!!
I heard sooooooo many bad stories. And also farangs trying to sell, and finally sold with a loss!!!!!
If you're old, and don't plan to ever return.... Maybe yes.
Or got 500k $ to miss, then just go for a 2or 4k property....
But I'm glad I never bought!!!
Because the future is never certain!!
And you're a farang, that means...first you are an ATM!!!
If your lucky and got this 1 out 100 special girl, still.... When money gets into the 'game'.....i wouldn't be relaxed anymore!!
Just for your own sake, don't risk it !
Clearly reasonable explaination
Any foreigner has to be very extra careful in purchasing land on which to build a house in any country. There are just so many factors to consider. I guess, the rule of thumb is to first immerse oneself, by renting, within a selected locale, observe the goings-on thereat, and estimate the major stimuli found in the area in the context of one's needs. Two years would be a good duration to do just that. Any hasty decision to buy and settle should be avoided at all cost. 😀
Sometimes After building the house, some guys shows up hey why are you staying with my wife. Very common in thai
@@juniorjunior8080 I've been happily married to my sweetie in Malaysia for 18 years now. Lost count how many people warn me it will all end in disaster...
Not at all you can buy a cheap house or appartement blind in north Sweden or Finnland!
Malaysia isnt Thailand!!
I've ridden dirt bikes since I was 7, and have pretty good riding skills, but I remember one time in Ko Tao when I was really struggling to ride my rented scooter up a steep dirt road to an obscure beach (Hin Wong?) - when an old Thai grandma sailed past on an ancient C90 with 2 kids on board! 😅
Hi Paddy, just so you know that I love your videos.
As a Thai guy living in Budapest for three years, I miss home and somehow your videos give me comfort. looking forward to the next episodes.
I have been to your country & it is truly a beautiful sight to be hold. Im from NZ & they say we have a beautiful country but to me you have paradise.
As a falang, you can actually buy land in Thailand if you buy Thai government bonds. Basically you'd be paying off some of the national debt.
I love your most recent videos, this one especially! 🥰 Really appreciate the sincerity, and the insight into a topic I've been considering for a long while. Thank you!! Stay safe! 😊🙏🏽
Thanks for nice reviewing of Khaokor. I have same thought like your and totally agree on pros of living at Khaokor that you mentioned. I traveled to many place in Thailand from North to South, East to West and never thought to buy second home until I visited Khaokor 10 years ago. Finally I decided and bought a small plot of land at Khaokor Highland Resort where you were allowed to entrance recently. There are many good reasons to support my decision such as security system, neighbors and community, privacy, land and environment management etc. Most of the buyers here are from Bangkok, Phitsanulok, Chiang Mai, Chon Buri, Phetchabun city, and foreigners from like Switzerland. During COVID-19, I work from anyway and my children have to study online last year I spent almost 5 months in total at Khaokor. There are plenty of good restaurants, nice coffee and cafe, traveling spot.
I wish you cloud find a piece of land at Khaokor and make your dream come true very soon.
Hey Paddy. I just discovered your channel through this video. I've built my dream villa in Phetchabun valley, right between Phetchabun and Lom Sak. Even after 15 years, waking up with a view of Khao Khor mountains, never gets boring. "Phet" means diamond and the province truly does sparkle. Would be great to meet up sometime and show you the area by motorbike or mountain bike. Close to the highway but 100% off the tourist path. Through rice fields and small villages and to a nearby lake and waterfall (natural slider).
Didn't realize I have yet subscribed until now. BUT, thank you Paddy for taking me to Thailand!!! Always in all of your videos!!! Keep them coming. Fan from the Philippines!!!!
Awesome vlog as always Paddy. We have been silent viewers for so long, starting when we at home in the UK during the pandemic. We moved to SE Asia last year and built a similar house in a similar location. It's the best thing we ever did! 100% recommend it mate if it's ever an option for you. Keep safe. Keep entertaining everyone. If you ever come across to the Philippines for a tour pop over and we will take you out for a good drink and meal.
Paddy finally going full on farm expat! Howdy neighbor! 😁🇹🇭🙏
Imagine those beautiful houses in 23 C weather or lower, wow. Life is perfect.
I'm mostly a beach person but your channel oddly makes me like cabin in the woods and mountain houses, man! Thanks!
Paddy, Phetchabun is a beautiful area an excellent place to live, my girlfriend has ten rai in Phetchabun. We can be neighbors' mate. Seven million baut is kind of pricey for Phetchabun, my girlfriends home cost about half million baut it a lot like the home Ryan and Mo is building. Glad you stopped on that dirt road, better safe than sorry. Can't wait to see level 3 in Laos!
Wow that's amazing 😍
How olds your gf
Such a beautiful place! Zelda was doing an amazing job of handling that 'road', but I kept thinking that if you were going up to see the sunset, you'd be coming back down in the dark. That couldn't have been good! But it was fun to see you give it a try for as far as you went! Glad you made it back down safely.
You gave it your best! Great area, but at this point in my life I need more civilization. Am here in Las Vegas! 🔥👍🔥👍👏
Loved when you we’re showing us your ‘favourite house in Thailand’ such a giggle as you were sneaking through the community and commentating. A great adventure this video was!
I go to Thailand frequently. I avoid all tourist traps and crowds. I haven’t been to Petchabun. It looks beautiful and worth a trip. However, I will definitely keep away from the glass cliff and the droves of tourists. Go for small towns and local restaurants.
Great video Paddy. As always, your videos are an inspiration.
My second home is on the beach in Pak Nam Pran 30km south of Hua Hin. The great thing is that no matter we’re you settle it’s a fairly reasonable drive to visit amazing places.
We loved Phetchabun too. We were there on a big motorcycle back in February. Stayed in the same unit you did at De Capoc ... fantastic choice ... thank you. Safe travels.
Because of you I went to Petchabun this year!
It was amazing~
My mouth is watering for Thailand! My flight is 4 hours away.....6 months in the land of smiles.... I can't wait.
Have a blast 😅
I've spent 4 1/2 months in Thailand in 2 stints this year and can't wait to get back out again in January.
I'm sure you'll have an amazing time and the more you travel round the country the better it gets.
@@fenix2k1 You melt my heart. Thank you so much for your kindest words.❤🙏🇹🇭🇹🇭
MIKE WELCOME TO THAILAND! You come at the right time for Loy KRATONG festival!!
Thank you Paddy. You never disappoint.
I LOVED the live drone footage with you commenting, you should do that more often
Out of all the provinces you been to this one is my favorite. Very beautiful.
It's gorgeous
Beautiful. We live in Phetchabun, 30 minutes from that temple. We love it here. My wife's family lives a few miles from us, and she grew up here. Of course I highly recommend it if you're thinking of building a house. Khao Kho in that area is expensive, and you'd be about an hour to Tesco or Makro, so unless you want to always eat only Village food or at a touristy restaurant (not cheap), you might consider the villages down in the valley east of Khao Kho. Not as cool in temperature, but much more convenient and less expensive.
Great to see you know your limit on riding off road Paddy.
I’m a lot more cautious now in my 50s riding, don’t want to fall off and do some serious damage.
Great place to visit and explore, keep doing this for as long as you can. 👍
Well done, Paddy! That's how you get the experience.....by trying! Good on ya mate! A very interesting area too.
Such a beautiful temple and always fantastic viewing Paddy,, peace and happiness as always geff
The mountain behind the temple is called Pha Tad( cutting cliff) ผาตัด. U have to entered from Ban Khet Noi( Hmong village). Its best to go during december when its late muddy.
Such a cool name!!
Thanks for the hard work you put into these videos. Your content ha$ value to me.
I have spent a couple of days in Phetchabun and stayed in a holiday hut at the top of the mountain. Loved the views and the cool air. When we retire near Buriram we have discussed spending the hot season in Nam Now near to Phetchabun just across the valley. We would probably stay in a Thai style home on the edge of a village - hopefully away from the chickens and dogs. I am not sure that I could do the modern build on a plot. Good luck with your journey, I will be following 😀
Hey Paddy,
So proud of you for being responsible enough to know when to call it. That trek looked bloody dangerous .
Petchabun looks like a beautiful place to lay down roots. Loving your videos and looking forward to Laos. ❤️
Aww
Hi Paddy thanks for all the Information!
great quality vdos you're making , thank you.
You are brave my man go off road by yourself good job I ‘m an joy watching your video thanks man
Waiting for your show bro,take care.
Nice one.... Different so really enjoyed it
Glad you found it welcome to Thailand
Wow.. the view is breath taking ,love it.
Love your videos. Your video and audio quality is fantastic.
Truly a beautiful area. I would definitely put that on my list of potential places to lay down some roots.
Absolutely
Typically naive westerner
I'm so proud and happy for you recognizing the skill levels. Ten years ago i would have laughed and carried on up the hill. I now know my limitations as well and you were wise. I'm vibrating with excitement to be there in 24 hours. Thanks so much for your hard work.
Haha cheers 🥂
Paddy this EP is wholesome! The holiday house village from drone view look like Europe’s village. 🌈💖🌸 So spacey, green and peaceful. This ep is informative not only for foreigners but also Thais like me too. We can have ideas how to have houses in rural provinces.
May be you can consider doing a series of potential homes around Thailand. The quality of location, spectacular view, weather, cost, lifestyle, neighbor, hospitals, internets, markets compared to the price. ❤🎉
ห่วงคนในชาติมั่งนะป้า คนจนล้นประเทศเลย เกือบครึ่งนึงของประชากรยังไม่มีที่ดินยังไม่มีบ้านเป็นของตัวเองด้วยซ้ำ เมืองไทยเป็นของคนไทยทุกคน ไม่ใช่เป็นของคนรวยเอาไว้เสพสุขกับต่างชาติเพียงอย่างเดียว
@@user-hb8ro4vg2d ไม่ต้องมาทำเรียกเหมือนตัวเองเป็นเด็กทั้งที่ตัวจริงอายุเยอะแล้ว ไม่เนียน
และที่อ้างคนจนล้นประเทศ..ก็หัดศึกษาก่อนเมนต์ด้วยนะ อายแทน
“รายงานดัชนีความยากจน
ปี 2565 พบไทยมีดัชนีต่ำสุดในกลุ่มประเทศอาเซียน” นะ ค้นกูเกิ้ลได้
แล้วทัศนคติขี้แพ้น่ะ มันทำให้ลุงจมปลักกับมุมมืดต่อไป เพราะตัวลุงไม่เคยคิดก้าวหน้า วันๆเอาแต่ด่าแต่โทษคนอื่นในความล้มเหลวของตัวเอง
โตแล้ว หัดยืดอกรับผิดชอบชีวิตตัวเองแบบผู้ใหญ่ด้วยล่ะ
เลิก Loser & toxic ได้ ถือว่าทำบุญให้ตัวลุงนะ
@@user-hb8ro4vg2d I suppose you’re a Thai person. You have a point: here in France we have also that problem, in some areas, where rich foreigners buys lands and properties, making sort of a bubble on that markets, then it becomes unaffordable for locals to buy. Many examples ( French Riviera in the south, Paris, west..). 😢 Another bad example is Hawaï, litteraly expropriation of the Locals by the US!!( dramatic story!) However Thai Government took some “mesures and restrictions “…
@@titiwa5768 it happens around the world. Canada's most hospitable and green areas (like British Columbia, Alberta) are bought by wealthy foreigners, many of whom use them to launder money. Many sit vacant while young people cannot afford to purchase a home. I'd like to see some of Thai measures and restrictions in Canada.
Totally love your dream house. And town tbh. Great vlog.
Hello Paddy, thanks for sharing this awesome content . I wish to visit this place soon. Coming from Suphan buri Thailand.
It’s beautiful town, nice views everywhere the villages looked pretty much like u.s.a hope some day will have Chaco to see this areas , thank for sharing.
Love your work, Paddy! I recently bumped into Jonny (Very Gude, Very Gude!) in Hua Hin & we both praised your remarkable talent! You command the respect of your YT contemporaries & admiration of your viewers! Way to Go!
Blue Sky is the best in Petchaboon , it almost next to glass temple ... beautiful gardens .
Hi Paddy. Thanks for your traveling.
Your dream home is my style also, love it and the straight lines. One story logical construction.
Nice place! I'm considering a move to Thailand myself. I would rather live by the beach but that looks like a great choice for someone who doesn't like the heat.
Welcome to Thailand, for me , having a farm style house in northern province is my dream😊.
@@iloverilukkuma3834 How is the immigration process? I've been in Malaysia nearly 20 years and only recently got permanent residence status
Thank you Paddy. You’ve made me love my own country ❤😅
Thanks for sharing, shared.
Hi Paddy, thanks for another great video. I think I have to add this area to my already long list of Thai places to visit. Isn't that just a SE Asia classic? You ride what you consider to be an almost impossible route on your expensive bike... just to see a local family on a small scooter going by as it was nothing.
I live on 50 rai with my Thai wife in rural Thailand and love it, took a while to adjust but the country life is cheaper and healthier. The coffee shop on the corner would not bother me
50 rai.. wow^^ unfortunetly nowadays impossibel to buy even in the cheapest of isan
@@Scharrer23 been in the family for over 3 generations
I just hired a contracter to build a house almost like this size. It cost me around 4 million baht in construction. no furnitures included.
The land cost me around 200k baht, but it isnt locate in a kinda premium land.
The rising in iron price really contribute to the construction cost.
Hope you find good house in a great deal soon.
Ah that's interesting 🤔
So true! The war make the price of steels and also logistics rise up.
Thanks Paddy great area, reminds me a bit of Luang. Carnt wait for you to get there such a cool spot. Had to laugh when i checked your link for the mountain...mainly 4wd's and dirt bikes all covered in mud...pretty sure you made the perfect decision...coming down can be seriously ankle breaking!!
HELLO THERE FROM VEGAS,THANKS FOR DOING THIS ....
Have been staying here for the past 12yrs after leaving $ingabore. One of the greatest province to enjoy a slow life.
Singaporean here. Your wording of Singapore is spot on lol. Where are you from?
Have a nice and safe trip 🏍
you did well! go for it... up down same same!!!
Hi Paddy love watching your videos. I also watch Life in Bamboo Ryan is also a great guy and also love is videos too. 2 thumbs up my friend.
You're just amazing 👏
Beautifull thanks for sharing.....
Awesome !
that was cool mate
Don't get me wrong Paddy, you're a very handsome man but when there's no face cam on the bike, listening to your voice narrate while gazing at the open road ahead of us is quite the meditative and mesmeric experience.
The climate and scenery here is similar to Dalat, Vietnam but the urban development is much more organized and well-planned.
สวัสดีค่ะ เพิ่งเข้ามาดูเป็นครั้งแรก
หมู่บ้านที่คุณพาไปดูสวยงามและน่าอยู่มากค่ะ
ส่วนตัวแล้วเราก็ยังไม่เคยไปจังหวัดเพชรบูรณ์เลย
พอมาดูคริปที่คุณพามาดูมันสวยงามจริงๆ
ขอบคุณที่พาชมนะคะ😊😊
I had given up on the idea of living in Thailand until this video. I've never been to that area and I love it.
It reminds me of England at it's most green and pleasant.
Very much concerned a visit.
It is so beautiful, so greenery and serene.
It's nothing like England.
Hilarious
Been there, done that, loved it, would move there tomorrow
Good job Paddy! Better safe than sorry! Laughing my socks of when you said "if you are watching my videos for off-road biking,,"
So from the comments I have gathered that you built this great house in Petchabun. Of that is the case then congrats! That area is fantastic.
Can she sell the property without your signature?
A superb hilly region ! Personally, I wouldn't have gone that far on a motorbike, the path is too rough...
Thank you for these beautiful discoveries
Thanks 🙏
Place is beautiful. I like the ones with ponds or mini lake as a dude who loves lakes.
Love the vid Paddy. What are you riding? I think we might look for a winter place in the north, so your vid is mighty handy. Thanks.
Look forward to it Paddy
That second property SCREEEEAMS Paddy!
Good to see you back in the saddle.
kewl..i've subscribed.
Been there 2 months ago , realy nice !
Beautiful
Dear Paddy thank you for all the difficulties you need to go through to make this video happen. Stay safe!
Stay safe? He's not in Afghanistan
I have been watching your videos from start of your journey of all thailand province you are great story teller will be visiting Thailand in March 2023 for 60 day want hope I get chance to meet you
Paddy, you might consider motorcycle training at one of Honda's training sites. I live by the one in Bangkok, but there is one in Chiang Mai as well. On road and off. I highly recommend it. Also, when you ride or drive off-road it is so much better (safer) when you drive with someone else.
I'll check it out for sure in January when I get back
I ever learned it. JIMKANA super fun
Hi Paddy ,Kao Yai or big mountain,is one of the nicest places nice weather and surroundings for living FYI
I love watching the videos about Thailand...I feel like waking to nightmare when I start seeing a car on the road...OMG, I am on the wrong side of the road! I don't know if I could ever get used to it. But I guess for someone from England that is probably normal!
Good luck with anyone planning to build a home and live in Thailand!
Thanks Paddy 🥰
You have to concern that land is legal or illegal. Some area are in the national park area, which cannot be transfered to buyer. The legal land can be officially issued by Department of Land called “Chanod” or “Deed”.
I tried to tell him that but no reply, foolish game
@@kippsguitar6539 Don’t worry, his girlfriend will sort it out and the owner of this property developers know which part is national park.
Great video bud! I'm watching this as a hybrid farang thai blooded man living in Thailand since 2006. What I like to tell you is that, no land on earth is worth more than you think it is. For some people 8M baht might not be worth the small land and the not so big house that comes with it for 8M baht. For others though, it might be like living the dream and very luxuary living may it be. Moving to a foreign country, I have far to many things to reconsider, such as health care, security, capital gains is surely one of the other things to reconsider. How easy, or hard will it be to sell the land in the future? One of the many questions you might want to ask yourself if it one days comes to the task that you might not no longer want to live on that land for any private reason.
I have read through many of the comments, and seen the majority of them tells you to stay away from investing in land in Thailand. I can't say I agree or not with that, but I can tell you that no land is worth more than what you think it is for yourself. It might be worth 8M in your own eyes, or it might not be.
There are many expats investing in property in Spain, but that is perhaps not what you had in mind.
Good luck with your journey, and I hope you will seek peace and happiness where ever it might take you. =)
Today the First Time I saw your VDO. I love It and Thankyou very much that you showed the beautiful side of Thailand.Because some VDO showed the night side in Bangkok the guy who made VDO he didn't mentioned nothing but many commented bad about Thai girls I fell so Sorry for them because I'm Thai like them.Thankyou again for Petchaboon very beautiful I Hope I Will go there oneday.🙏🙏🙏
I don't blame you for turning around, the road looked unsafe. Phetchabun looks like a very beautiful area and the temples look next level. Before buying a property in Phetchabun, why don't you try living there for a couple of months and get a good feel for the place. Looking forward to Laos :)
Take care.👍🏻👍🏻👍🏻💪🏻
Thanks 🙏
Hiya Paddy, I love Phetchabun province. Such a slower pace and is so relaxing and calming. Beautiful drone footage.
So cheap compared to the UK. Like a Million pound house. If not more.
Your favorite house. Great choice of design.
That road. Well, the way up to the mountain. Was hectic. Love how honest you are.
You're a master at flying your drone. That was the best choice to turn around. I would not do it. If you went up. Coming down that crazy bit would be mad. Great video. I can understand why you would want to live there. Thank you for sharing.
Thanks 🙏
I would love that first house b4 your favorite house. Looks more western, beautiful houses. Maybe just maybe one day. 😊
Yeah mate, that is i.m.o. the most beautifull Temple for sure in Petchabun 👊
Lovely little house Paddy, you could defenately live there in that climate 💪
Very cool footage of Sparky IV mate 😏
Well you got the correct bike voor that road, so go for it 🤞 next time 😉
Anyhow, as always enjoyed it, and C Ya in the next one Paddy, enjoy Laos, cheers 🙌🍻