What kind of house would 2,000,000 baht buy/build me in one of the central provinces

**mad_dog** · 30-11-2006, 07:06 PM

What kind of house would 2,000,000 baht buy/build me in one of the central provinces??

I'm thinking Ratchaburi, Kanchanaburi or Nakon Pathom. I would like a bungalo ideally. Pictures please if possible becuase things like 2000 sq feet and appended roof mean nothing to me.

**hillbilly** · 30-11-2006, 07:26 PM

This is an issue where 'falangs' often get confused. To answer the question posed. Well, either a hell of a home or a shell of a home.

Still confused? Well either a 'falang' can build a shell of a home for 2 million baht or a room for 2 million baht.

Why the confusion?

About anyone can afford to slap up a concrete home. Cost is damn near nothing other than the B200 labor per day per worker.

But then, the damn toilet, kiitchen, wardrobes, living room, dining room, plumbing, electicity, tiles, woodwork,TV, phone, windows, doors, etc, come into play.

In Thailand, a home is cemented walls! Anything else is extra...

**Spin** · 30-11-2006, 07:28 PM

does the 2 mill include the purchase of the land?

**Begbie** · 30-11-2006, 07:30 PM

I guess 4 bedroom small garden.

**Itchy** · 30-11-2006, 07:43 PM

Mad Dog, I've sent you a PM with something I found recently

**mad_dog** · 30-11-2006, 08:34 PM

coolthaihouse.com :: View topic - House for sale

someting like this. Thanks itchy !!!

Medium range fixtures and fittings would suit me. ( my parents have a five bedroom house with covered swimming pool but it was all modestly done) I hate "Footballers' wives " bling bling design

I would hate to live in one of those Barrat home style "rich" thai housing complex. I'd like somewhere quiet, on its own and with a bit of character.

**Thetyim** · 30-11-2006, 09:16 PM

Try these two and then plough your way through the list of houses for sale

http://www.kasikornbank.com/Property...4-EN-1,00.html

http://www.kasikornbank.com/Property...0-EN-1,00.html

**mad_dog** · 30-11-2006, 10:08 PM

Originally Posted by Thetyim

http://www.kasikornbank.com/Property...0-EN-1,00.html

Now that is a nice little house . Why does that cost less than a plot of land????

**mad_dog** · 30-11-2006, 10:06 PM

Seems like it would cost me 2 million just for a bit of land

**dirtydog** · 30-11-2006, 10:19 PM

Originally Posted by mad_dog

Seems like it would cost me 2 million just for a bit of land

I got a nice plot of land for sale for less than a million

**mad_dog** · 01-12-2006, 06:45 AM

Originally Posted by dirtydog

Originally Posted by mad_dog

Seems like it would cost me 2 million just for a bit of land

I got a nice plot of land for sale for less than a million

I am not living with you old monkeys in Pattaya !!!

**Itchy** · 30-11-2006, 10:26 PM

We bought our plot of land from Kasikorn bank (the exact website given by Thetyim) and we got what I regard as a great deal.

**Thaicoon** · 01-12-2006, 01:00 AM

I could sell you a nice plot of land for 600,000 one Rai, does not even need to be built up, but it is in Buriram. close to city.

**Little Chuchok** · 01-12-2006, 01:48 AM

Originally Posted by Itchy

We bought our plot of land from Kasikorn bank (the exact website given by Thetyim) and we got what I regard as a great deal.

Did you do a deal with the auction bloke?

**Begbie** · 01-12-2006, 07:12 AM

The deal here is that the houses are worth nothing, the value is in the land. So all those folk who buy a 3mill baht house on 50 wah are fooling themselves. The reason I think is that there is no developed second hand house market. Anyone with a bit of cash buys new.

**Little Chuchok** · 01-12-2006, 11:55 AM

Originally Posted by Begbie

The deal here is that the houses are worth nothing, the value is in the land. So all those folk who buy a 3mill baht house on 50 wah are fooling themselves. The reason I think is that there is no developed second hand house market. Anyone with a bit of cash buys new.

What about casper and his ghostly friends?

**WhiteLotusLane** · 28-05-2007, 05:09 PM

Originally Posted by Begbie

The deal here is that the houses are worth nothing, the value is in the land. So all those folk who buy a 3mill baht house on 50 wah are fooling themselves. The reason I think is that there is no developed second hand house market. Anyone with a bit of cash buys new.

Well, yes and no. Even if you believe that a house is worthless, and consequently look at buying just land to build something, then you WILL find yourself in the position of having to spend MORE on building a house (plus your time mothering over everything like a hen over eggs) than buying an existing house where you know what you're going to get.

I've stared at 3 million baht houses, which I considered expensive. One that comes to mind is a rather nice looking one, on over half a rai of land (so 2-3 times more than usual) inside a compound.

This is it: Land and house for sale - Property 513 - House for sale in Sansai Chiang Mai - Jasmine Homes Co Ltd - Chiang Mai Homes

Land would be at LEAST 8000 baht per tarang wa inside a compound not too far from town. (Outside a compound it's much cheaper of course) But 212 sq. wa x 8000 = 1.7 million. They want close to 3 million for it, so the house then costs 1.25 million.

So then you find yourself scratching your head thinking: "Could I build that for 1.25 million?" And the answer, most likely, is 'No'. Never mind the time and aggro involved in getting it done properly.

So don't dismiss existing houses that you like the look/location of, but realistically look at the cost / value of the land and the house separately.

**RandomChances** · 01-12-2006, 08:26 AM

I could do you a good deal on a 2 bedroom bungalow in Chai Nat. Three falangs built tham together a few years ago, they cost about 700,000 bhat to build with the land, but have since been basicaly gutted so all thats left is the shell. Don't know how much they would part with one for but no one has lived in them for about 2 years.

Nice spot about 1 km outside the town. Chai Nat is a nice place as well the river runs through it and has it's own tesco's, usually some teaching jobs going around the area.

**MeMock** · 01-12-2006, 10:29 AM

How much more (or less) value for money would one get building where mad dog said and near the laos/cambodia/thai border?

**ceburat** · 15-12-2006, 10:48 PM

Originally Posted by MeMock

How much more (or less) value for money would one get building where mad dog said and near the laos/cambodia/thai border?

I think you are referring to Ubon Ratchathani Province which is the only province I know that touches both laos/cambodia. The Amphoe within Ubon Ratchathani Province which touches both laos/cambodia is Nam Yuen. I think this province is one of the most beautiful provinces in Thailand. As to cost, I am not sure for all of the province. In the northern part of the province I have been quoted 10,000 to 20,000 bhat per rai for marginal and upward to 100,000 bhat for good land. All along the river is beautiful. Be warned, streets are rolled up when the sun sets and it is quite there. Just another reason to love it.

**RandomChances** · 01-12-2006, 10:43 AM

Originally Posted by MeMock

How much more (or less) value for money would one get building where mad dog said and near the laos/cambodia/thai border?

Building costs are pretty much the same wherever, land prices vary dramaticaly as to wether it's in or near a main town, and labour may be a bit cheaper in some areas

**Thetyim** · 01-12-2006, 11:04 AM

Originally Posted by mad_dog

Now that is a nice little house . Why does that cost less than a plot of land????

They are all reposessions.
The bank wants to recover the amount loaned + interest.
Anything over that amount is given back to the ex-owner.
Bottom line is that the banks don't give a fok how much the house is sold for as long as they get their money back.

I've done it and so has Itchy.
You can get a good deal but it takes time and perseverance

**corvettelover** · 28-05-2007, 05:45 PM

Originally Posted by Thetyim

Originally Posted by mad_dog

Now that is a nice little house . Why does that cost less than a plot of land????

They are all reposessions.
The bank wants to recover the amount loaned + interest.
Anything over that amount is given back to the ex-owner.
Bottom line is that the banks don't give a fok how much the house is sold for as long as they get their money back.

I've done it and so has Itchy.
You can get a good deal but it takes time and perseverance

Can you find the link for the repo homes via the bank??

**DrAndy** · 28-05-2007, 05:48 PM

Originally Posted by corvettelover

Originally Posted by Thetyim

Originally Posted by mad_dog

Now that is a nice little house . Why does that cost less than a plot of land????

They are all reposessions.
The bank wants to recover the amount loaned + interest.
Anything over that amount is given back to the ex-owner.
Bottom line is that the banks don't give a fok how much the house is sold for as long as they get their money back.

I've done it and so has Itchy.
You can get a good deal but it takes time and perseverance

Can you find the link for the repo homes via the bank??

yep, we bought a commercial building through the bank.

all the banks have lots of repos, just ask at each bank, they have books of auction properties

**Camel Toe** · 01-12-2006, 02:06 PM

Too bad you don't have any money, mad dog. Nice try though. I'm sure you fooled some of the people.

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