All The Benefits To Buy Off the Plan In The Summit Residence…
Many local thai and foreign investors in Thailand make the decision to buy properties ‘off-the-plan’ in The Summit Residence in Hua Hin. Buying off the plan means buying a Apartment unit or a house/villa before the building or development has been built. The majority of large developments sell property this way, and The Summit Residence make it even easier and more secure.
You will often find the developers enjoy boasting about how quickly they sold their properties before even breaking ground. Off the plan buying in The Summit Residence are allows you the advantage of buying the most futuristic modern property below market price at the moment. This can provide extremely profitable benefits and capital gains for you in the rising property market in Hua Hin.
The Summit Hua Hin have already in 4 weeks sold 4 plots of all the 19 luxurious villa properties, and the interest for the development from clients and agents in Hua Hin in overwhelming. The Summit expect in early next year to be sold out of all land plots.
Buying off the plan has increased in popularity over the past decade because the developers are more secure, supplying only according to property demand.
Benefits of buying off-the-plan in The Summit Residence
Payment schedules are long – giving you time to secure your funds
Customization – you can have a say in the building process (choose materials for floors, interiors, community utilities…etc.)
You can start to market the property for a re-sale or rental while still during construction
You can sell the property for huge profits
Brand new homes in The Summit cost less to maintain than other developments being build at the moment in Hua Hin area.
More Attractions Leads to Greater Interest in Renting:
With more and more reasons to visit the coastal city, Hua Hin is quickly growing its reputation as a place with tremendous rental opportunities.
“The Thai economy is budding and the population is making more money; growing its middle class, and vacationing more often,” Jonas said. “Because of these factors, rental homes in holiday destinations like Hua Hin have recently been experiencing a huge increase in popularity from the domestic market.”
With a larger demographic of people who may not be ready to buy a second home but still want high-quality accommodations during their time off, rental homes by the sea are in hot demand, next to the international Black Mountain Golf course and Hua Hin’s location couldn’t be more convenient to invest in a The Summit property in Hua Hin.
Higher Rental-Yields Piques Investor-Interest
With the demand for rental properties increasing every year, more and more internationals are targeting Hua Hin as a place to invest in real estate, and developers are answering their call.
“The area is growing with developments that can easily be converted into holiday homes when the owners aren’t using the property themselves. “This is a trend that specifically interests international investors as well as expats or local businesspeople who frequently travel.”
Compared to other major markets in Thailand, Hua Hin has an advantage in that it’s not only located within driving distance to Bangkok but also maintains a reputation so positive that it is able to attract a consistent interest year-round.
Investors Are Interested in Hands-Off, High-Returns
With more interest from foreign investors, the trend of purchasing units within full-service resorts is on the rise. This is a type of development like The Summit Hua Hin that allows an investor to purchase a condo or villa below market-average, and then hand the keys back over to the developer who pledges to keep the property rented out for a certain number of years, or until a specific ROI has been achieved.
Upon the end of the contract, the owner may either take back full use of the property or continue the profit-share agreement with the development.
“We have seen this option become increasingly popular among customers who aren’t immediately able to manage the property themselves,” Jonas said. “For example, those who anticipate retiring in several years or are committed to a job contract in another place find this a safe way to see an immediate return on their investment with little-to-no involvement.”