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Koh Samui | swimming pool view

Epilogue

I’ve lost count of the number of holiday visits to Koh Samui to see the construction of our villa. Do we regret it? Not one bit. Not only was it enjoyable to see our villa at different stages of construction but it was also a great learning experience.
Would we want to go it alone next time? Put it this way, I don’t believe our experience would lead us to want to become property developers! There is too much you would need to know and you would also need deep pockets if things didn’t turn out as you would have hoped. In our opinion, it is better to go with an experienced and reliable developer with a good track record every time.
Both Mary and I feel fortunate to have chosen a great site and position for our villa, one of the big advantages in getting in early and buying off-plan. But you do need to do your homework before hand and have faith that your developer will deliver as promised.
Below is a rough guide to choosing the villa of your dreams based on our own experience of buying a villa in Thailand. Most of it will seem like common sense, but sometimes we all need to be reminded of what to consider before one gets carried away, so to speak, especially as buying the place of your dreams can be an emotional roller-coaster for some.












CHOOSING THE VILLA OF YOUR DREAMS


the first steps...

One of the first steps you will take on the road to choosing the villa of your dreams is to research what is out there

We will start from the point where you have chosen a country you like. In this example it will be Thailand. In making your choice you will have decided whether you are buying a villa for a holiday home, as an investment, for retirement or maybe all three and you would have also considered many other aspects as well, such as the location, accessibility, climate, political stability, religion, economy, health system etc.

The Internet, of course, is a good place to start your research, but in no time at all you will be overwhelmed by the many websites you visit and the amount of information, in other words, to use a well known proverb, you can’t see the wood from the trees. Very apt if you are looking for a property on Koh Samui!


property exhibitions


Exhibitions are one way of learning about up-and-coming villa developments. At these exhibitions you will meet all the developers who are selling their properties in exotic locations.

They will have fancy advertising brochures and videos showing white sandy beaches, girls in swim suits, lovers walking hand-in-hand along the beach, sunsets and romantic dinners for two and more, in fact pretty much everything that says luxury and exclusivity, except Sex in the Surf!


If you live in Hong Kong then sooner or later you will see advertisements for these exhibitions or if you have a relationship with one of the major estate agents you will be notified by post. Some exhibitions are exclusive to the developer and are held in hotel suites. These exhibitions are often launching a new development and therefore, a great opportunity to be the first in and buy off-plan.

off-plan

Buying off-plan is not as daunting as it first sounds provided you follow some simple rules. Always remember that site plans can and will change over the period of construction. There may be many reasons for this including unforeseen changes in the land surveys, land topography, involving changes to the layout of the development, decreasing the sizes of plots and increasing the number of villas to be built and also, moving the position of facilities like a restaurant, spa and gym to different areas of the site. Interior specifications may also change and in some extreme cases a complete redesign.

Some of these changes may work in your favour others not. If they are small then I wouldn’t worry, but if they are big such as a change of design, for example, changing the design of the villas from, let’s say, Thai style to a modern design with a flat roof, then you should be thinking about asking for your money back.

Plans can be deceptive especially if they are an artists impression. Always ask for full architect’s plans with measurements.

What to look for... Layout of the villa is important and the relative sizes of the rooms. Ask yourself, are some of the rooms much bigger or smaller than the others? Are the proportions right? Does the swimming pool position and size look right? Is the sala giving you a view or obstructing the view? How close will you be to your neighbour? Are you over looked? This one is difficult depending on whether the surrounding villas are on the same level or above you on a rise in the land. Make sure it feels right for you.


Koh Samui | swimming pool view

the recce


When you have narrowed down your choice you will want to go on a site recce. Some developers will pay your travel expenses to visit their development, but this is unlikely unless construction is well under way and they already have a show villa for you to see.

By this time the early birds will have already purchased the best positions off-plan. However, this shouldn't put you off because not all sales reach completion, for various reasons, and the early birds may only have put down a deposit. Always ask in case a reserved villa becomes available again or at a later date. In other words, keep your options open and don’t forget the reason for wanting to buy in the first place, because the site and development is exactly what you are looking for.


Off-plan
location, location... 
exhibitions recce
LAND TITLE
developer
lawyer   VILLA Design


If the developer is not footing the bill for your site visit, then take a holiday and check it out yourself. Go unannounced and wander around the site, if there is no construction going on, this way you will get a feel for the place.

Look at the lay of the land and imagine where the villas will be placed and the view they will have. Take lots of photographs.

Afterwards, look for the site office and speak to the site/project manager. He will give you a lot of good information and may even show you detailed plans of the site, including the plot where your villa will be.

If the site is under construction don’t wander around on your own, it may be dangerous, especially if there is a lot of heavy machinery about and trucks moving earth on the site. Instead, go straight to the sales office and make yourself known to the sales personnel. They will give you all the information and show you around the site safely.

Again take lots of photographs as you are being shown around. There will be a lot to take in and you will need to be reminded when you get back home of how the site looks and the general layout of everything.

Remember you are on a fact finding mission, so ask lots of questions and don’t leave until you have all the information you need including brochures, plans, specifications, dates etc.

location, location...

Location. I expect you have heard this said many times before, but it is worth remembering.

You may have found the perfect piece of land with stunning sea views or a development to die for with magnificent villas, but it is miles from anywhere. How are you going to get there? Is there an International airport nearby or a private airfield? Do you have to get there by boat? If it is on a deserted island is there infrastructure or is it going to be constructed one day to far in the future to bother about? With global warming on everyones mind, what about sea levels? Will your paradise island be under water in ten years time? Are you really looking for a celebrity hideaway that no one can get to except the very rich?

These are just some of the questions you will need to ask yourself before you get carried away and sign on the dotted line.

land title

This is a tricky and one best left to your lawyer to sort out. Did I mention you will need a lawyer?

In a lot of Asian countries, foreigners are not allowed to own land. However, in Thailand, for example, foreigners can own the building which is built on the land. Freehold land in Thailand is known as Chanote land.

It is best to learn the basics about land title yourself and then leave the details to your lawyer. Some property magazines, such as Property Report Thailand, give you legal advice in their pages.

Koh Samui | swimming pool view

CHOOSING THE VILLA OF YOUR DREAMS : property developers...

Find a good lawyer

Do not use your home based lawyer as he or she will not be familiar with the law in that country, unless you are using your own lawyer to look after your interests and communicate, on your behalf, with the lawyer in that jurisdiction.
Note, if you do that you will be paying two fees instead of one. Also, do not use the developers lawyers, as there will be a conflict of interest, nor use a law firm that has been suggested by the developers, again there may be a conflict of interest.   continue this story...




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