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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.

terry57

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

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.

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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!!!!!!!

DrAndy

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

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dirtydog

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

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

dirtydog

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

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.

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hillbilly

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