4 Things to Remember When Buying a Pattaya Condo for Rental Returns
Pattaya Condo for Rental Returns
One of the most lucrative markets in Pattaya over the past few years regarding Pattaya condo for sale investments is purchasing a Pattaya property and renting it out on the short or long-term Pattaya rentals marketplace.
This has been such a success over the past few years that many new developments have rental return plans and guarantee options as part of their packages. However, there are some things you must remember when buying a Pattaya condo or Bangsaray for rental returns, so please let My Pattaya Condo give you the best advice so you make the right choice from the get-go.
Location
The most important aspect of purchasing a Pattaya condo as an investment for rental returns is finding the perfect location that suits what holidaymakers in the city require. That means that major tourism areas such as Pattaya Beach Road and Second Road, Jomtien, Pratumnak Hill and even Naklua are where you need to be. This ensures that holidaymakers who rent your property are within walking distance to beaches, bars and restaurants.
Finding the right location is essential if you want to be competitive in the Pattaya and Bangsaray rental returns sector.
Hotel facilities
Another thing that is important for holidaymakers is having onsite hotel-style facilities such as a communal swimming pool, a restaurant and even gymnasium features. This ensures you can compete with hotel accommodation while at the same time offering privacy and seclusion that hotels simply can’t do. Make sure the development you are investing in has communal facilities because that can be the difference between success and failure on the rental returns market.
Best Rental Return Programs
In this day and age, many new Pattaya developments have rental return programs built into their condo sales. Some offer guaranteed rental returns on a yearly basis, so it’s important that you find a development that understands that your property purchase is an investment. Find the events that have guaranteed rental returns as part of the contract, which is of particular importance if you are not going to be in the city to manage the property, which brings us nicely to the issue of onsite rental management teams.
Rental Management Teams
Are you going to be in Pattaya to manage your rental returns or will you be out of the country for the majority of the time?
This is very important to consider before you make a purchase. If you are going to be in the city, it would be easier for you to manage the rentals yourself so you have total control, but that’s not always possible.
Many developments have onsite rental management teams that will meet and greet your customers, collect payments and so forth, and even manage the maintenance of your Pattaya condo. At My Pattaya Condo, we can show you the best developments in Pattaya with rental management teams or even introduce you to companies that specialise in rental management in Pattaya, so, in essence, it doesn’t matter if you are here or abroad.
At My Pattaya Condo, we offer impartial advice that is geared towards finding you what you desire or educating you on the Pattaya real estate scene so you can make the most from your Pattaya condo. Please click here to find that special Pattaya property that suits your desires and budget.
