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Originally Posted by jimholio
Right, but 2-15 million thats quite a step. Even if the 2 million house would be poorly built, im sure the 15 million house aint 13 million baht better or is it?
So there's the question. Does it cost 13 million more to build a house of western standard. Obviously someone along the lines here are making LOADS of cash then? And who is that? The company who bought the land, built the house and use their own real estate agents to sell it? Or is it the guy who they bought the land from? Its obviously not the workers since they are practicly free. And neither is it the material even tho that can cost a bit. Ofcourse then there are the VVS and electrics etc. But surely that is not the main money grabber either is it?
I mean isnt it quite obvious, if it wasnt good money, then there wouldnt be such a huge western interest in this?
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I am in the process of building a couple of villa's at the moment and I could build a Thai style house for about 1.5 to 2 mill.Thats if I wanted 7cm single block walls,no insulation,single phase electricity,no kitchen and a corrugated concrete roof.But when you want to build a good sized villa with double or triple block walls,three phase electricty,western kitchen,clay roof tiles ect ect
oh and a swimming pool + the price of your land ,you getting into the region of 10 mill(maybe cheaper depending on the price you pay for land)
I have priced nearly every item of building material in the last few months( so I can tell if I am being ripped off with my building quotes) and believe me materials are not cheap on Phuket.
It has taken me six months to find good reliable builder who has given a build time of 7 to 8 months. It could be two years before I am able to sell them at lets say 15mill. I don't think that is vast profit for 2 years of headaches,capital outlay with no income(best to be here on site when they are building)
If any one is thinking of building or buying property my advice is to FIRST get a good lawyer.I have a brilliant one who has saved me loads of hassle and money.She just seems to know all the right people to get things done.
If anyone wants her phone number P.M me