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Renovating has
increased in popularity over the last decade, particularly with more
foreigners buying Thai-style houses and wanting to Westernise them, and
the increased availability of Western materials and fittings. In many
cases owners are now spending more on the renovations than on the
purchase of the property. Bearing this in mind, it is important to get
it right. Therefore, before you begin you should consider these points:
When deciding whether
or not to renovate, you should consider how your actions could influence
the resale value of your property. Is it worth your while to renovate?
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best way to judge the value of your proposed renovation
is to consult a Real Estate Agent. |
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A Real Estate Agent
will be able to advise you on the merit of your proposed renovations.
There is little point spending money on your property if you are not
going to be able to recoup at least that investment when you come to
sell the property.
One aspect to
consider is your location. Find out what the best house on the street
would sell for, as this will give you a guide as to the maximum amount
you should spend. For example, if the most expensive property in your
area would sell for THB 6,000,000 and you bought your property for THB
4,500,000, cap your renovation budget at THB 1,500,000.
If you are
considering extending, then make sure it is not more financially viable
to sell your property and upgrade to a bigger property in a more
desirable location.
Also, there is little
point in renovating if the basic structure of the property is unsound.
Why spend money upgrading the kitchen, for example, if the floorboards
dip, or the roof leaks?
| The
renovations that are most likely to improve your resale
value are those done to improve the look and function of
kitchens, bathrooms and entertainment areas. Landscaping
is also a wise investment. |
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If you are
considering renovating in order to sell your house in the immediate
future, be extra careful. Renovations will need to be made which suit
the tastes of prospective buyers, and these may not necessarily be the
same as yours.
You need to put
yourself in the buyer's shoes. One trick is to stand across the street
from your property and imagine that you are a potential buyer, viewing
the property for the first time. What are your impressions? Any
renovations you make to improve the chance of a buyer wishing to inspect
the property further could be handsomely rewarded.
However, if your main
aim of renovating the property is for purposes of selling the property,
please read our section on
preparing
your property for sale.

When considering your
ideal renovation, think carefully about your future. Will you need extra
rooms for children or elderly parents, a guest room for visitors, will
stairs be difficult as you grow older, will you be buying another car?
If you have just
purchased the property and are looking to turn it into your dream home,
then the most notable areas for improvement in any property (and
particularly those in Thailand) are the kitchen and bathrooms.
Also, if renovating
an older property, decide upon the style of your renovations. Modern
renovators recognise the importance and value of making renovations that
suit the original style of the property. For example, if you bought a
traditional Thai style house, you would have to think carefully about
what renovations you wanted to do to ensure a consistent theme
throughout the property that was aesthetically appealing.
Once you have
determined your basic needs and wants, it is time to consult the
experts.

The next step is to
talk to at least three reputable builders, each of whom should
specializse in bathrooms, kitchens or renovations. Tell them your
needs/wants, including your lifestyle and budget considerations. If
there are specific items you want, make sure you give the builders clear
instructions about these.
Ask the builder for
references so that you can view the quality and style of his work. You
may even find that some of his past work and designs, are exactly what
you want for your property. If necessary, you could make use
of an architect's services to draw up some conceptual designs to show
the builders.
It will generally
take a builder at least a week to develop a proposal. Make sure you know
exactly what is included in the quote, e.g. range hood, sink, shower
head and taps - or do you supply these yourself. Review each proposal thoroughly
and then enlist the services of the builder who has developed the best
proposal.
Remember that the
cheapest quote may not necessarily be the best - the quality of the
builder's work is also very important, as is the quality of materials
used (local or imported). For this reason, obtain referrals to several
of the builder's past clients as mentioned above. Ask these people how
satisfied they were with the work performed, the manner of the workers
and the overall quality of the job. If possible, inspect these
renovations first-hand.
| When
selecting a builder, you must keep in mind that this
person is going to be working within your home for some
time. It is very important that you can communicate
effectively with whomever you engage, and also enjoy (or
at the very least can endure) each other's company! |
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Your builder should
be able to advise you on any planning and building permits that may be
required for your renovation.
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