As most of you subscribed to Perfect Homes’
investors list already know,
We have been operating for just over three years and it has not been easy. It
has taken a lot of hard work to know and “understand” the market here
in Chiang Mai.
Over last years even before Perfect Homes was
started, the property market has changed so much, you blink and you miss
the next price rise!
A run down studio apartment was being
picked up in buildings 4-5 years ago for half the price they are
available now. In those days there was a handful of clever investors
that brought up many rooms and some buying whole floors with all the
cash they could. They made a small fortune!
To make this fortune they
had to be brave they had to put in a lot of hard work, not just in the
condos they were renovating but also the buildings they were investing
in!
They would join the committee, fight for back dated condo
fees, work hard to improve the overall ambience of the building and
sometimes this would mean replacing the entrenched building management!
That
was a few years ago and all them opportunities are now over! Not true,
There are still plenty out there though agreed they are fewer in
numbers. But there are buildings that are completely run down and are
being brought back to life and new prices are being pushed forward
daily.
Nowadays, you have to be a bit quicker of the mark and
sometimes accept the fact that you are not always going to hit the
magical 10%
Roi. But hey, 7,8,9 % is not bad, considering banks are
struggling to offer anything above three!
Agreed, deals are harder
to find, that is why Perfect Homes has started its own investors list.
It will bring you the best listing first!
If you are not currently on the investors list and would like to join please do not hesitate to ask. Just Email us at
info@rentinchiangmai.com and simple simply ask to join the list!
We look forward to working with you all for the foreseeable future!
Yours sincerely
Perfect Homes