KASA – The Leading Real Estate Developer in Koh Samui – Thailand
Supply and demand will dictate many of your investment’s parameters. Consider both the number of available rentals in the area you’re scouting and the demand for spaces to rent by tenants. If your area has too many available units for rent, you may not be able to find tenants. Similarly, an area with too little demand will not be as profitable as you’d like. Ensure you do your research, and that includes looking into added- value services in the area, such as accessibility to public transportation, proximity to malls and groceries, and other favorable amenities.
Relating to demand, also take note of the kind of tenants and type of unit you’re aiming for. If you’re thinking of investing in properties that are tailored towards wealthier residents, ensure that there is an adequate market for these potential tenants in whichever location you’re considering.
You can also look into adding value to provide a unique selling point for your property, whether for rentals or future resale. Adding an additional living space, pool, loft, bathroom or basement will definitely add value and catch a potential client’s eye. You’ll only get one chance to impress them, so make it count.