Asked by Anonymous
Please correct me if i'm wrong in the following reasoning...
Most buyers seem to consider only new properties but some of these new properties sometimes lose value after a few years due to poor maintenance or other reasons.
In an investment perspective I believe buying older properties gives some advantage because it seems more unlikely that they keep losing value forever!
Now, a practical example of what I mean: Suppose I buy a really cheap unit (an empty room with a toilet in an old block) for around 200.000 Baht and I rent it for 2500 Baht month... the investment is really small but the return percentage is amazingly high!
It seems to me better buying 5 of such units for a million Baht rather than a 20 sqm new condo in the outskirts that I can rent for 5 or 6000 Baht/month and will probably lose value in less than 10 years.
Am I correct? Am I missing anything important? Your thoughts please...
Thanks
Most buyers seem to consider only new properties but some of these new properties sometimes lose value after a few years due to poor maintenance or other reasons.
In an investment perspective I believe buying older properties gives some advantage because it seems more unlikely that they keep losing value forever!
Now, a practical example of what I mean: Suppose I buy a really cheap unit (an empty room with a toilet in an old block) for around 200.000 Baht and I rent it for 2500 Baht month... the investment is really small but the return percentage is amazingly high!
It seems to me better buying 5 of such units for a million Baht rather than a 20 sqm new condo in the outskirts that I can rent for 5 or 6000 Baht/month and will probably lose value in less than 10 years.
Am I correct? Am I missing anything important? Your thoughts please...
Thanks
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