Residential Developments

There are both pros and cons to purchasing a property within these communities, as opposed to investing in a stand alone property or even building yourself. One definite advantage is that the complete infrastructure your property will require is already in place, such as electricity, water and access roads. Many communities also have an impressive list of communal facilities, which can include swimming pools, shops and other social structures. Generally there will also be some kind of onsite management, as well as 24 hours security for the safety conscious.

On the other hand, whilst there may be a choice of different designs available for your home, some buyers prefer the thrill of finding a home unique in style, or building one to their own tastes, rather than a more uniformed theme prevalent to these projects. Privacy may also be an issue with some developments placing homes quite close together to optimize space. It is up to the individual buyer to weigh up the pros and cons for their particular needs. For many, residential communities take a great deal of the stress out of not just purchasing a property on Koh Samui, but also living in and maintaining their new island home thereafter.

Risks and Concerns

Purchasing a home can often be stressful, not to mention when you are looking to set up a new life in a foreign country. The best way to avoid any problems is to thoroughly research your options before jumping into a major purchase without thinking everything through. Buying a home is exciting, especially when you’re talking about a tropical island retreat, but just remember to keep your feet on the ground.

Explore all of your options thoroughly whether you are looking for an agent developer or contractor. If possible do some research on the companies you’re interested in: Can they provide you with references? How long have they been operating? Do they have a sound track record? One of the best ways to research is by talking to people. There are plenty of people already on the island who have taken the same leap you’re now, considering their advice and opinions could just save you a great deal of time and hassle. Whilst common sense will help you avoid many potential pitfalls, it is advisable to obtain the services of an independent and reputable law firm, before you go ahead with any endeavour. Documents such as title deeds or other legal agreements will need to be translated and checked for you. A reputable law firm can ensure that both the purchase process runs smoothly and that the paperwork involved is efficiently produced and legally sound.

Upkeep and Maintenance

Once you have bought or built your dream home, you will obviously want to protect your investment by ensuring the property is well looked after and cared for. For residents who will be living in Koh Samui full time, this should present no problem, but not every home owner will be living on the island all year round.

For these people, a residential community may well be the best option, as they often include maintenance contracts, to ensure that the property is well looked after in your absence. Be sure to find out what exactly is covered in the maintenance agreement and the cost of the service as part of the buying process, so you’re not surprised by bills later on. Remember that communal facilities in these residential communities must also be well maintained. A clean and well kept community can only help to protect your investment and enhance the developments reputation.

If you own a stand alone property, there are many management companies on the island who can offer you a similar kind of maintenance contract, whilst you are away. As above, ensure you are fully aware of your coverage and costs before making a long term commitment.

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