Thread: building flats or appartments in chiangmai...?

ok.. as you're very enthusiastic . and little else , to my take. some rough figures. no offense meant by the way , but u need a hell of a lot more for business than enthusiasm. luck being the most important after all the business plans. a meterage figure of 7500 bt a meter = 2160000mill baht for 9 rooms times the floors as u go up times three floors= 6480000 bt. now we know the bank rate is shit so currently you stand to make more money with the rooms than said money in the bank. for a fact you wont be running at full capacity, personaly i always work at two thirds for projections. i did similar over a year ago when the bank interest was 4.5%. i was better off with the rooms as i did actualy let more than two thirds, quite close to full capacity. now with the bank rate at zero i'm quids in. now the figures ive given will not be exact as time place and standard play the rolls. the price per mtr given = a very nice but basic room with fan and mossie nets, tiled and security grills over windows. hope this is of some use . mine are two floors = 14 rooms= 3mill bt. regards lob.

hey lob, thanks for your estimates very interesting read!

im not sure about the ..."very enthusiastic, and very little else" but fair play!

I think my enthused approach is what business people need at the mo, as i am not by anyway business trained or minded though i am capable of grasping most concepts and ideas, this is slightly above my general undertakings!

I understand what your saying about the cost but as i said i only want 10 rooms your price for 9 is relevant (although you stated basic) i am unaware of what materials your relating your building costs to? However i do appreciate the comment and the matter of a facts and experience you've supplied. It is going to be hard to to total a winning formula with my lack of experience, but i like my concept(which for the moment i want to keep to my chest- but doesnt undermine the rest of the plan for general conversation) and i hope that i can make something of it because im prepared to work hard to achieve results(not just wait for people to trip over the building to get business!

I think that as you say our money is not worth putting into a bank, and id rather try to gain capital investment aswell as yearly taking in this business. I know that business can be slow which is why a guesthouse or similar was thrown out and instead monthly rentals brought in. It will be hard but if we capture the imagination of some people i hope it will set out as a few more building here and there. one must sometimes make the mistake in business to learn(i hope i can avoid them) but if i make an expensive shell i still have outs like holding on to it or selling.

i hope this either confirms your feeling of me being inept to run such a plan or gives a little more indication towards maybe a little luck and some sense will get me somewhere to where we want to be?

thanks for your input regardless! cheers

Originally Posted by benlovesnuk

I think that i will probably have balconies as their are some fantastic views of doi saket (literally thw whole mountain), so it would be a shame for rentee's to miss them

I hope that you are not depending on this view to much as both times I have lived there, there has been smog and dirty air from regular smog to forest fire smoke and from burning garbage and a friend that lives there now was telling me the other day that it was in the danger zones again as to smoke and dust in the air, that limits the view of the hill to less than half the time, in fact, most of the time for months on end.
I can't live there because I have emphysema and my lungs will not take the pollution.

Originally Posted by benlovesnuk

hey lob, thanks for your estimates very interesting read!

im not sure about the ..."very enthusiastic, and very little else" but fair play!

I think my enthused approach is what business people need at the mo, as i am not by anyway business trained or minded though i am capable of grasping most concepts and ideas, this is slightly above my general undertakings!

I understand what your saying about the cost but as i said i only want 10 rooms your price for 9 is relevant (although you stated basic) i am unaware of what materials your relating your building costs to? However i do appreciate the comment and the matter of a facts and experience you've supplied. It is going to be hard to to total a winning formula with my lack of experience, but i like my concept(which for the moment i want to keep to my chest- but doesnt undermine the rest of the plan for general conversation) and i hope that i can make something of it because im prepared to work hard to achieve results(not just wait for people to trip over the building to get business!

I think that as you say our money is not worth putting into a bank, and id rather try to gain capital investment aswell as yearly taking in this business. I know that business can be slow which is why a guesthouse or similar was thrown out and instead monthly rentals brought in. It will be hard but if we capture the imagination of some people i hope it will set out as a few more building here and there. one must sometimes make the mistake in business to learn(i hope i can avoid them) but if i make an expensive shell i still have outs like holding on to it or selling.

i hope this either confirms your feeling of me being inept to run such a plan or gives a little more indication towards maybe a little luck and some sense will get me somewhere to where we want to be?

thanks for your input regardless! cheers

hi ben, thanks for not taking humbridge. your enthusiasm will kick in when you turn the room over/around. my advise keep them cleaned , well maintained, this means no leaks,no smells ect, rather as you indicated ref the shit holes you've, seen/stayed in. well same same for me . theres no need for a cheep room to be dirty or no maintanance. i guess we all start off with high standards and end up pissed of as tennants realy know how to test your temperment . as ive no idea what you have in mind its all academic anyway. ive been doing this and similar for 40 yrs plus, theres little i aint seen or done in/on the letting scene, with that in mind i doubt very much theres anything new out there. as for what my prices give you , well it gives you a basic thai biuld. dont compare to farangland, too many variables that we dont have in farangland, if you feel the need to talk it over on a more one to one pm for phone. up to you.lol. regards.

Dealing with Thais? Have fun trying to collect the rent every month.

hi there, thanks once again for your earnest comments!

LOb - I appreciate your directness adnd i thank you for your invite to rack the brains of so much experience , i might just take you up on that!

blackgang - no im not expecting too much from the view just enough and im sure the locals wont either but it is as a subsidary to location a nice bonus when out and revealed! but i thank you for your opinion and i will take into into consideration.

atilla - then we will have to arrange upfront payments, but i hope to have a more respectable lot as the area suggests anyway. we wshall see i suppose?

cheers DR.A i didnt think that there was a specific problem with rent, as you have atested.

Like i say, i hope to provide my rentee's with something slightly different from the norm, shall we say a historical journey, maybe a night at the museum experience!

Of course i dont mean valuable relics lying around, or that dinosaur bones will magically come alive, or tiny men battling against each other...........does it sound like ive lost my mind?

no i mean something of interest in building design and atmosphere!

anyway all thanks for some great replies, off to chiangmai we go.

Originally Posted by benlovesnuk

Of course i dont mean valuable relics lying around, or that dinosaur bones will magically come alive, or tiny men battling against each other...........does it sound like ive lost my mind?

I had an apartment like that in Rio, it was interestiing

Thanks for everyone's comments it has given me something to think about and concentrated my mind to things i had not thought about.

I'm just wondering to something that sandmike said about overhangs and perimeters, does anyone know or can give an accurate understanding of these things especially in the city of Chiangmai?? By this i mean from your property and boundary lines if you have multiple stories/levels is there any situation that allows the higher floors to jut out over said boundary ie; on public curbs roads etc etc?

If not i suppose i will have to take this into acount, thanks once again!

no, you can't do it, no overhangs, no jutting and especially no incursions

I have had a couple of problems with neighbours as my balconies get too near the boundary for them

sorted now, with a bunch of flowers and the installation of guttering (not on the balconies)

Originally Posted by SandMike

150 Talang Wah at 39 metres long is about 15 metres deep. at the room size above and 3 floors should get you space for 27 rooms - then there is clearance from the land perimeter, and clearance from the road to consider.

What do you mean by clearance can i not build up to the perimeter, as in to my side of the line?

I would not have a bottom floor but be raised 1 floor, does having this make a difference ie to butting up against the imaginary plot line vertically?

Thanks!

Build some of those one room apartments, not many of those around.

^^

I don't have any references I can quote to you, but I recall reading somewhere (probably here, but can't remember) that there needs to be a space between your biulding and the perimeter, I think 1 metre upto 8 floors, and 1.5m above that.

If you're this close you'll certainly need guttering on the roof, the neighbours will certainly be round to complain if you pour water off your roof onto their property.

I'm open to contradictions and clarifications on this.

My wife has similar properties, and this is certainly the case with them.

The local authority will certainly have something to say about how close you can be to the road edge, they will be concerned about future pavements and road widening.

Sorry, I can't be any more specific than that, can anyone else offer guidance on this ??



.

Bennie Boy: first things first...YOU will not be acquiring any land...maybe nuk will be 'acquiring' it with your money and will be keeping it when 'nukdoesn'tlovebenanymore'.

God, this gets so old reading this.....Gezzz

yes its so old, and yet people still need that feeling of authority on the matter.....????

Thanks Sandmike, it sounds like a reasonable gap, at the moment we have no neighbors with buildings, and the public road ends to a private road so no problems there, most helpful!

Originally Posted by benlovesnuk

yes its so old, and yet people still need that feeling of authority on the matter.....????

Thanks Sandmike, it sounds like a reasonable gap, at the moment we have no neighbors with buildings, and the public road ends to a private road so no problems there, most helpful!

I think the gap is larger than that! maybe 1m for a single storey house but more for higher buildings

So, 1 meter to your perimeter all round for 1 storey, and probably bigger for more then 1 storey?

isnt your place 3 storey's or higher (an is there a difference between your city pad and country dwelling)?

by this do you know what your house is as you had said you were getting into trouble with neighbours?

cheers