Sorry, it seems kind of expensive for a one story home in that area ...?

The seller does say O.N.O. The question would be,how near?
I haven't seen inside but many of these Thai built houses have a very small kitchen and the design leaves something to be desired.

My understanding is that houses of this style in Hansa sell for between 700,000 and 1,000,000 Baht.

Naam Jai wrote:Lee

For the benefit of accuracy this house is 1.7 kms from the "Western Ringroad" and 5.2 Kms from the Fountain Circle at least

I copied and pasted the owner’s details; unfortunately I don't have the time to check the accuracy of all adverts posted. This is the responsibility of the advert owner.. Thanks for pointing it out though.

Sorry, it seems kind of expensive for a one story home in that area ...?

Apparently (so I’m told) new houses on that estate of the same size and spec are around the same amount of money.

The seller does say O.N.O. The question would be,how near?

Give him a call and find out. 

I haven't seen inside but many of these Thai built houses have a very small kitchen and the design leaves something to be desired.

This is not a Thai kitchen (see photo above) I was told the cost of the kitchen alone was over 200,000bt.

Please direct all other questions, enquires to the owner (telephone above), the owner is not a member of the forum and unable to respond to posts.

Thanks.

Yossarian wrote:My understanding is that houses of this style in Hansa sell for between 700,000 and 1,000,000 Baht.

Really, please give me more details. If you can find them for me I'll buy three.

Lee
The one you quote is a one off! some smaller houses are in the bracket Yossarian mentions but most are asking more.
I meant to say that although the Thai built houses design especially the kitchen leaves much to be desired this house, from the photo enclosed, clearly has a kitchen that will be very attractive to some lady

LOL, I'm going to hold you to that Lee! I've got five of them lined up just for you! !

I think Naam Jai is right; the house(s) I'm thinking of are probably smaller and the house in question is probably larger. Just from looking at the pictures though, I think it will probably be pretty difficult for your advertiser to achieve his price objective considering I've known large two story houses, with modern western style kitchens and large yards (I think the English call them "gardens") to sell for about the price your advertiser is asking for his house.

As the saying goes, something is worth whatever another person is willing to pay for it so best of luck there. It's the problem with custom houses like this though is that it is difficult for the owner to get even on it.

I am not in the market for a house but I do want to say it very beautiful and the kitchen looks great
as for the price I have no idea if it over priced or not. but I will say this a house like that built in AZ or FL or CA would cost you any were from 200K to 500K depending on location

aznyron wrote:I am not in the market for a house but I do want to say it very beautiful and the kitchen looks great
as for the price I have no idea if it over priced or not. but I will say this a house like that built in AZ or FL or CA would cost you any were from 200K to 500K depending on location

Aznyron,

In FL you would get a lot more land surrounding the house, a decent sized yard/garden. In Thailand the new builds are all fur coat and no knickers, you see a large garden out the front, with no room out the back.

I know back in the US there are small and medium-sized towns where you can buy nice houses with a 1/2 acre for 70K to 120K. And they have zoning laws that are enforced, good schools, a good police department, and I don't have to remember to renew my visa.

Hey Prenders:

Nice watchamacallit ... Do you know her?

Yossarian wrote:I know back in the US there are small and medium-sized towns where you can buy nice houses with a 1/2 acre for 70K to 120K. And they have zoning laws that are enforced, good schools, a good police department, and I don't have to remember to renew my visa.

Hey Prenders:

Nice watchamacallit ... Do you know her?

Unfortunately no
Not in biblical sense.

Yossarian,
I don't know when you last investigated home sales in the U.S., but I sold a very beautiful home in the USA in April of 2006 and it sold for $128,000. The home had 2 bedrooms and 2 full baths plus 1 car attached garage. Very modern design, 10 ft ceilings, total brick and well insulated. The master bath even had a whirlpool bath for 2 and a separate shower. Total living area 1250 sqft and with garage 1650 sqft. under roof. The home was only on a 5000 sqft. lot in a gated community of 2 and 3 bedrooms. Lots were 50x100 for 2 bedrooms and 60x100 for 3 bedroom homes. Now this subdivision was located in a small country town of about 25,000 people in the deep south, don't know is there is a more inexpensive town in the US to live in. The house would sell for $145,000 today. So,I would have to agree with Aznyron that a home like this even in my old neighborhood would sell for far more than the $96,000 that is being asked. More like 3 times more.

Yossarian wrote:I know back in the US there are small and medium-sized towns where you can buy nice houses with a 1/2 acre for 70K to 120K. And they have zoning laws that are enforced, good schools, a good police department, and I don't have to remember to renew my visa.

Hey Prenders:

Nice watchamacallit ... Do you know her?

WHERE In Tornado alley?

When I look at buying a house or real estate, to me it means much more than the house structure and earth underneath. You are also buying into the school system, the environment, the neighborhood, and the security (or rather illusion of security) that home ownership provides. In America, you are buying into a tax subsidy as well. In other words, I look at "value" rather than "price" and ask myself, what value am I getting for the price?

Using America as an example, I don't think it is very useful to compare a home in Udon Thani to a similar sized home in America. In most ways, America, and almost any developed country for that matter, is far superior to Thailand. The school system is better, the environment is better, there is respect for the rule of law, and there is more economic opportunity. Thailand, on the other hand, can't seem to manage the peaceful transfer of power from one oligarch to the other. (As opposed to America which can transfer power from one oligarch to another.)

Of course, when you add in the restrictions placed on foreigners, from a foreigners point of view, that reduces the value of a home here by at least 50%.

The home listed in Hansa is selling for 96,000 USD. I just did a quick search on www.realtor.com for single family homes in Florence, South Carolina listed for less than 100,000 USD. The search yielded a result of 103 properties for sale in that price range with some as low as 34,000 USD. If you wanted to go upscale a little bit to, say, Aiken, SC, you can find 92 properties for under 100,000 USD.

An objective way to determine the value of a property is to use yield. A rule of thumb for the real estate market is to use 1% per month. If you bought a house for 3.3 Million Baht, you would need to be able to charge a rent of 1% per month or 33,000 Baht per month for it to be a good value. In Udon, you can rent similar houses for 6,000 to 10,000 Baht per month at most. So, on an objective basis, the house would be a good value at about 1 Million Baht, in my opinion of course ...

Yossarian, you got nearly 200 results for properties listed for sale for less than 100,000USD, in SC America. and do you think SC has the same school system, enviroment and neighborhood, for comparison purposes, to Udon Thani?
If you answer No! - what's your point?