Many travelers who have spent any amount of time visiting Thailand understand that the tourist industry in this amazingly beautiful Southeast Asian country is a virtual gold mine. While there are a few potential problems some tourists contend with, on the whole, it’s a great place to vacation and maybe even move to during your retirement years. If you are considering investing in property in Thailand, you might want to start with looking at one of the few remaining beachfront properties. Here is why a managed vacation property is best.
An Investment in Your Future
Phuket is known as the paradise of Thai travel. With lovely beaches as the main attraction, many tourists make this their vacation spot of choice. A beachfront apartment Phuket offers can fetch a higher price than most anywhere else in the country for a number of reasons. However, a managed beachfront property offers the greatest benefits of all, even if it is a bit pricier than other vacation rentals. You’ll see why in a moment, but as an investor, this is good news for you!
An Affordable Place to Retire in Paradise
There are relatively few beachside retirement apartments in the United States that are still affordable. While the same holds true in Thailand, the cost of living is so much more affordable. You’ve been to the nation, enjoyed your vacations and are really comfortable with the idea of spending your golden years in a quiet resort area which has been well managed for you over the years. That apartment will be in the same pristine condition as it was on the day you signed the contract if you’ve opted for a managed property.
Now the Potential Downfalls to Avoid
The reason you would want to seek an investment property like the ones still available in Phuket is that some of the more touristy areas are a bit unsafe for travelers. Pickpockets can run wild in more populous areas like Bangkok and that’s not something you’d like to be exposed to or have your renters exposed to either. You are looking for a property with a high ROI, so to ensure that, stay away from crowded real estate. Remember, a managed beachfront apartment will be carefully monitored and supervised, so it will be kept safe from any criminal element that ‘might’ stray from the crowd. It’s highly unlikely because they have learned that security is better here.
There really isn’t as lovely a nation to vacation or retire in and that is why it makes good business sense to get in while the going is good. You can make a high return on your investment, which over the years can have your retirement home literally paying for itself. The very last and probably best benefit of all is that this beachfront apartment Phuket still has available will leave you your entire savings and pension to live on without going into debt buying a retirement home. After all, it paid for itself and now you are set to enjoy your golden years in paradise. Yes, that’s the best benefit of all.