loan for construction of house.chiangmai

[koogook]

hello,

what are the chances of getting a loan for building a house/guesthouse?

I already have 1million badt cash, but i would prefer to get a loan of about 1.7 million and keep the 1 million cash free and use credit instead.

i am married to a thai, i dont work, and im very handsome......

is there anything i need to know?

thank you

[koogook]

Also i am wondering if someone could answer a query about wood, i am wanting to use oak wood or a similar type found in thailand could anyone suggest something of similar building function, much appreciated!!!!!!!!

[friscofrankie]

Does your wife work? She will have to qualify for the loan, you ain't gettin one.

[blackgang]

and if you build with what you say it will have to be a short term loan as they wouldn't want the loan payoff longer than the house would last in termite territory.

[koogook]

yes the wife is getting the loan, the money is in her bank.

The wood will be treated more so its not structural and doesnt feed into the ground directly, or are you saying i will still get a problem??????

[blackgang]

well the house I lived in a few years ago in CM had a wooden sideboard built into the wall of the dinimg room, I was just living in the same area again a few months ago and the house I used to rent was vacant and a friend went to look at it, I went with him, and that sideboard was no longer there as the termites had destroyed it and were doing a damn good job on the stairs and door frames.

But of coarse you might bury the pipe works for the ground saturation of pestacides from time to time around under what ever you are building and that would be a great help, but I don't think you will ever be completely free of the bastards here.

[koogook]

ok, I presume that if treated properly like most traditional thai wood houses(ones that have lasted a few hundred years) that this shouldnt be a problem more so then anywhere else with the same problem???

Or are you saying the termites here are unstoppable?????

or maybe your side board wasnt treated?

thanks anyway for the info, i will look into ways of gettng the buggers zapped by which ever way possible!!!!!!!

[dirtydog]

ones that have lasted a few hundred years

I haven't seen any that have lasted a few hundred years, where did you see them?

[jandajoy]

My Dad's place is 570 years old.

[Thetyim]

Also i am wondering if someone could answer a query about wood, i am wanting to use oak wood or a similar type found in thailand could anyone suggest something of similar building function, much appreciated!!!!!!!!

Teak is usually used for construction and red cedar for floors and stairs if your budget allows it

[DrAndy]

ok, I presume that if treated properly like most traditional thai wood houses(ones that have lasted a few hundred years) that this shouldnt be a problem more so then anywhere else with the same problem???

Or are you saying the termites here are unstoppable?????

or maybe your side board wasnt treated?

thanks anyway for the info, i will look into ways of gettng the buggers zapped by which ever way possible!!!!!!!

as Thetyim says, Teak is the best wood for construction of most of the house

and termites don't eat it

but if you want to use a cheaper wood, like redwood, then you can keep the termites away with a yearly dose of poison injected into the house ground

[dirtydog]

and termites don't eat it

They do, but the older the tree the teak is taken from the higher the resin content is which dissuades termites.

[Thetyim]

We have teak houses in Phrae that are very old.
Some are made entirely from the heartwood
You need to have an expert with you when you buy teak
Some of it is soft and only suitable for lampshades

[blackgang]

But there is a real need for another guest house in CM at this time,,
only about 3 thousand of them with their owners starving and looking for buyers. 555

[sunsetter]

^ hehe

[Norton]

You need to have an expert with you when you buy teak Some of it is soft and only suitable for lampshades

Amen to that. About the same as buyng gem stones. I have a friend who built a huge and expensive house in Si Sa Ket a few years ago. He used "teak wood" for everything thinking he would be termite free. Within 2 years the termites had consumed a good portion of his decking and were headed into the interior.

[hillbilly]

what are the chances of getting a loan for building a house/guesthouse?

Virtually none. Very seldom do Thailand banks loan money to build a house on land. However, you can borrow against another house if you own one. This has been my experience anyway.

[koogook]

thanks for the responses!!!!!!!!

I hear what your saying about teak which is why i said about oak, i know there are oak in the national parks, i was wondering if there were any for purchase or knew where i could get my hands on some.

In regards to guesthouses, there are a lot in chiangmai i agree!!!!!!!!

However there are a lot of bad guesthouses, that dont seem to have a clue about surviving either, replicating the same trick!!!!!!

I think i have a very good stable business idea that surpasses the common undertaking by most guesthouse wannabe's!!!!!! It is something i have not seen in thailand, I hope that it has real appeal in that it is something of a personal feature that im adding. Following case studies from other guesthouse's outside of bangkok in regards to thier few but very high turnover and profit!!!!!!!

Anyway i dont like to talk talk when i have something more solid i will hopefully give you a worthwhile thread.......

[koogook]

Type of Loan Services

• To buy house, condominium unit (s), townhouse or commercial building / shop house
• To build / construct a house, improve, add or repair barrower ‘ s own house / residence
• To buy a plot of land with house to be built or to redeem mortgage on land from other bank or financial institution and have a house constructed at the same time, or to refinance existing debt.

This is from KTB bank allowing for laons to be unsdertaken for building, or purchasing land with the intent to build........

thought it might be useful if unheard of

[hillbilly]

^Go try...

[koogook]

ok will do.....will report the out come!

just thought id post this in light of termite talk:

Homeowners can reduce the risk of termite attack by following the suggestions listed below.


Eliminate wood contact with the ground. Many termite infestations result from structural wood being in direct contact with the soil. Earth-to-wood contact provides termites with easy access to food, moisture, and shelter, as well as direct, hidden entry into the building. Wood siding, latticework, door and window frames and similar wood items should be at least six inches above ground level.
Don't let moisture accumulate near the foundation. Termites are attracted to moisture and are more likely to "zero in" on a structure if the soil next to the foundation is consistently moist. Water should be diverted away from the foundation with properly functioning gutters, downspouts and splash blocks.
Reduce humidity in crawl spaces. Most building codes call for 1 square foot of vent opening per 150 square feet of crawlspace area. For crawlspaces equipped with a polyethylene vapor barrier (see below), the total vent area often can be reduced to 1 square foot per 300 to 500 square feet of crawlspace area. One vent should be within 3 feet of each exterior corner of the building. Vents should be kept free of leaves, dirt, and debris, and should not be obstructed by vegetation.
Never store firewood, lumber or other wood debris against the foundation or inside the crawl space. Firewood, lumber, cardboard boxes, newspapers, and other cellulose materials attract termites and provide a source of food. When stacked against the foundation they offer a hidden path of entry into the structure and allow termites to bypass any termiticide soil barrier which is present.
Use mulch sparingly, especially if you already have termites or other conducive conditions. Many people use landscape mulch for its aesthetic and plant health benefits. Excessive or improper usage, however, can contribute to termite problems. Termites are attracted to mulch primarily because of its moisture-retaining properties, and the insulation it affords against temperature extremes. The mulch itself is of poor nutritional quality to termites and a non-preferred source of food.
and last but not least............................
Consider having the structure treated by a professional pest control firm.

[More Volts Igor]

We've had some promising conversations with Thai Farmers Bank for a construction load (already own the land). Nothing is certain until the cheque is in your hand, but worth a look

[terry57]

Does your wife work? She will have to qualify for the loan, you ain't gettin one.

The good part about getting the loan in the wifes name is when the project goes tits up its her problem and not yours.

Its usually the farang that does all his dosh innit.

[blackgang]

Yes Terry, but as long as she controls the pussy, she just about controls the bank accounts too, no matter who's name is on it.

[shuggy]

[quote=koogook;854502]

and im very handsome......

that's it ...you've qualified already..