Investment Resort Villa’s in Phuket
The thought of owning a spectacular villa at the sumptious Sri panwa or a Condo on the beach in Phuket is very attractive to many investors around the world. One-2-Property www.12property.com research has shown that there has been a marked shift from traditional destinations like Florida and Nevada to more exotic options like Phuket, Thailand,
Resort Living is attractive to investors because it offers the opportunity to own a hassle-free vacation home within a luxury resort that has the potential to pay for itself, and if chosen well, even return a profit.. While all developers like the concept because these typesof hotels deliver upfront revenue needed to secure development loans, it pays to do your research and choose quality developers with a strong history in the industry. Prices for resort properties are for all budets from $150,000 into the millions. Like any resort, prices are based on location, amenities, service, and brand recognition.
The Bentley, for instance, delivers 100 condo hotel suites ranging in price from $150,000 to $280,000. Located on one of Thailand’s premier golf courses and offering uninterupted views of Phang Nga Bay. While at the very top end of the scale is one of the world’s most beautifully concieved and located resorts, Sri panwa, Phuket. an oasis of calm and luxury in one of the finest locations on Phuket. Scattered throughout 30 acres of lush, tropical surroundings are less than 20 hotel villas offering accommodation of the highest quality, maximum privacy and superior service.
One-2-Propertys Sutida Suwunnavid recommends that potential buyers do their homework before investing in Resort Properties, she has prepared a detailed check list for anyone interested in this type of investment.
Research the resale market. Before you decide to invest, you really should gather a good understanding of the types of visitors the intended resort attracts, from which countries, who is buying, how many of this demographic are still visiting Phuket, how many are expected. Also look at the real room rate, how much are people paying to stay at this resort when buying online? This is an important consideration as many hotels maintain a high rack rate but offer big discounts to everyone. Also, check the competition and see what they are doing in relation to pricing and occupancy.
Hiw will you use the property. All resort rental pools have different rules, study them closely. Firstly establish how long each year you will want to use the property and when, then using the rental pool rules calculate your real return remembering 70% of your income is generated in high season.
This is a Lifestyle Investment. Enjoying resort living is a lifestyle choice first and foremost and should be viewed as an investment in your own quality of life first, and should not be considered an investment that will deliver big returns from the rental income. To determine the income potential, calculate your expected return, the amount you will save on travel and how much difference to your life the investment will make, resort living should be enjoyed.
Investigate the developer and find a management company. Find out about other projects they have done and how successful. they have been. COntract a local independant property company to manage your property, this will save you time and money, One-2-Property is a perfect choice, we offer an executive concierge service, professional management and real cost saving.
