What additional costs do you incur when buying a condo in Thailand beyond the purchase price and CAM fees?

I would never buy a Condominium because you own nothing beyond the paint. Here in Thailand I own the house and have all rights to the land. Yes, my name is on the land deed. Yes, it is legal. I do not own the land and I can sell the land and keep the money.

as the maintenance fee can be as much as renting a small bungalow id have a rethink about buying one .the bottom line is the company owns the land its sits on !!!.i prefer renting.

when you buy a condo, you only buy the SPACE it contains. You don't own the walls and floors and ceilings of your condo. All you buy is the air

Others have given you advice, so here is one more thing to be aware of. Under some schemes owners cannot be charged for non payment of the annual fees, the body corp has to wait until the unit is sold and outstanding fees are deducted at settlement. If their are a number of non contributing owners in a block, it sometimes means there isnt enough cash in the bank to do essential repairs. Always check the rules of the Block you are buying into

I would say find a foreign quota freehold. The fees are usually less and it'll generally be a better investment on the basis of,

It's legal.

You'll have the right to that space forever.

You'll have better controlled fees generally.

With a large foreign percentage of ownership the maintenance is far more likely to be paid and carried out.

If you want to sell, it's obviously open to anyone world wide for purchase, a rather larger market.

To those who scream don't buy, why? There will be good and bad investments anywhere and everywhere. I know plenty who have lost badly in my home city of London, which has one of the most popular and buoyant property markets on the globe!

The average rental income off a condo on one of the Thai holiday islands or similar, yields a decent return.

Its also very obvious if someone wants security of owning there own home,, it's better for them to buy.

If im honest, I'd say to most, how long do you think you'll live? Looking at the average rent in say Phuket,,, I would say in 10 years of rental payments, you could buy what you are currently renting for the same money. So if you are in your 70s or 80s, maybe rent? I'm in my 50s, so probably better to buy.

I'm a landlord, for over 30 years. Own property in both countries.

Looking at my records,, for those renting in there 30s, 40s, 50s with general world inflation, your rent is likely to be double the current amount in 10 years time and double that again in .....

i disagree with people who say dont buy but i would agree , depending on the property, it maybe not easy to resell. and the cost to resell is quit high (fees taxes etc)

as a co owner of a condo you all own the land collectively so no other land lease fees as you mentioned but there is land or property tax its not much lastly if you buy and older comdo they can impose one off fees for major repairs they can also increase the CAM but thats not easy to do

When owning a condo, you pay Juristic fees, annual, for maintenance, security, office, cleaners etc.

Land tax is also payable annualy, to land office, it's only minimal...

Really really bad investment to buy in Thailand…..And very risky. Have a look at some 10 year old condo buildings that looks 30 due to cheap build and low maintenance

If you do purchase a condo, make certain the building is not a lease-hold property but a free hold property. Meaning you own the condo but lease the building usually 30 years and after 30 years, you have to lease it again.

As above. Do not buy.

Don't buy!!!!! Always rent in Thailand - buy elsewhere

Rent.

By definition, when buying a condo, you are buying the interior walls and floorspace. The building and land are owned by the association. There can be other "common" areas that are part of the association too such as a gym, underground parking, etc you never really own anything with a condo. You buy "rights".

I have a freehold condo in foreign quota. I do not pay CAM (?) fees' I pay condo dues once a year. Land lease?