Are you visiting Phuket for a business trip but have not settled yet on a place to stay? One of the options for transients is to rent a property, which is also suitable if you are not yet ready to buy or just want to stay flexible.
How to Benefit from Renting a Property
1 – No Long-Term Commitment
Renting a home base in Thailand empowers you to venture into its various regions. When in Phuket, you will be able to visit key locations like Kamala, Patong, and Rawai. These are good locations to consider when planning on settling down or investing.
2 – Lower Upfront Costs
Another thing that you may benefit from is that you do not need to spend a huge amount when making a deposit when buying. Since you are just renting, you only have to secure a month’s rent and a security deposit for most properties.
3 – Flexibility with the Location
For tourists with evolving itineraries, renting in Phuket offers adaptable accommodation. Thus, it will be easier for you to move anytime without much to worry about.
4 – Maintenance Cost Covered
Most properties already provide repairs and general maintenance without having to charge their tenants. This will also give you a better way to save money and avoid potential hassle.
5 – Try Before Buying
Renting a property is also one way of trying it out before making a purchase. So, when you are thinking of eventually buying the property, you may rent the place so that you can test out your daily life in a particular neighbourhood or building.
6 – Cheaper than Hotels
When you are planning to stay more than a few weeks, your most affordable option is to rent the place. This is also a more practical and comfortable option when you compare it to a hotel.
What to Do If Planning to Rent a Property
1 – Set Your Budget
Determine the amount you are willing to spend a month for rental. You should also have to include expenses for utilities and Internet connection when you are renting.
2 – Choose the Location
Factor in the location that ranks highest on your list of priorities. So, you have to decide if you are going to pick one with beach access, nightlife, quiet areas, or local markets. Patong is a busy and touristy location, while Kata/Karon is more relaxed but still close to the beach. Rawai/Nai Harn is quiet, which is good for families or long stays, while Phuket Town is great for its local vibe.
3 – View the Property
Another important consideration is to inspect the property personally. On the other hand, you may ask for a video if you are still prospecting from abroad. Check for noise, water pressure, air conditioning, and Wi-Fi, if necessary.
4 – Review the Contract
One of the most essential factors that you have to consider when renting a property is to understand the lease terms, deposit, utility charges, and notice period. If possible, make sure it is translated for you before you sign the terms.
5 – Pay the Deposit
Expect an upfront payment covering the first month’s rent and a security deposit, which is usually one or two months’ rental fee. This is the usual agreement with tenants renting a place in Phuket. While you have signed the contract and paid for the initial deposit, ask for a copy of the contract that you signed.
Why It Is Suitable for Foreign Tourists
Phuket is among the most foreigner-friendly places in Thailand when it comes to renting. In fact, it is well-suited for tourists and expats visiting the place.
1 – Language Barrier Is Low
You need not worry about the landlords, agents, and service providers because many of them speak English. This is often the case in popular areas like Phuket. They also provide bilingual signs and contracts that should be easy for you to follow.
2 – Short- and Long-Term Rentals
There are also flexible options whether you are staying for a few weeks or a few years. So, regardless of your length of stay, you can rent condos, villas, and serviced apartments without any problem.
4 – No Ownership Restrictions
It is important to know that while land ownership is restricted for foreigners, renting property and living in it as a foreigner is legally allowed in Thailand.
5 – Tourist Infrastructure
It is important to understand that Phuket has great amenities, which include international schools, hospitals, shopping centres, and a lot of restaurants providing Western and international food.
6 – Visa-Friendly Options
A lot of people on tourist, retirement, or education visas often rent on a long-term basis in Phuket. Some landlords can even help with the paperwork or provide lease agreements required for visa extensions.
7 – Diverse Community
There are large foreigner and expat communities all around the island, particularly in places like Cherng Talay, Kamala, and Rawai.
Essential Features Available in Rental Properties
If you are going to consider rental properties in Phuket, you can take advantage of some pretty decent perks. They are quite comparable to standard rentals elsewhere. In fact, most rental units come fully furnished, so you can move in with just your suitcase with you.
A convenient perk of short-term rentals in these locations is internet access. However, you may be charged separately if you are going to consider long-term stays. Water and electricity are often metered, so you have to ask the landlord how you will get billed.
Condos and apartments may also have shared amenities, such as swimming pools, gyms or fitness centres, laundry rooms, keycard access, and 24/7 security and CCTV in the area. Some can even provide free motorbike or car parking, particularly if you are in a villa or gated community.
Some properties in Thailand also provide cleaning services for short-term rentals. This can be done once a week or more but may also include a small extra fee. If you are interested in our luxury villas in Phuket for rent for your future endeavours, you can contact us today. You can also email us if you have questions in mind about our rental properties.
You may also read (understanding the true costs of owning a home).
