What Purchase Costs Should a Phuket Buyer Budget Beyond the Price?

Budget for independent legal advice, title and company searches, survey, building inspection, translation, bank and foreign-exchange documentation, transfer-related taxes or fees, insurance, utility changes, moving, furnishing and immediate repairs. Off-plan and lease transactions may have different cost items. Ask for a written completion statement showing who pays each charge and which amount is fixed, estimated or dependent on the official appraised value.

A property that appears affordable at purchase can become difficult if fees, maintenance, currency or management are underestimated. Use a conservative budget and test it against periods of vacancy, major repairs and higher utility use.

This is general guide information only; obtain current independent Thai legal, tax, financial or technical advice for the specific transaction.