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MRGTINGTONG

I Want To Live In Hua Hin

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I think the key here is that you mentioned the words - simple life. Simple life to me equates to pretty much 30,000 per month. I'm not sure about Hua Hin, but I've spent time in Chiang Mai and I think it's totally doable. You have a decent amount saved up for a cushion. I would rent for now and think about buying property later on. Take it slow. Learn the language. Language is the key.

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Although 60K sounds a lot,in reality that could soon dissaper...600 quid a month is just below 30,000 baht, that isnt that much to live on...it can be done but any extra expenses such as holidays, health, unexpected costs will not be welcome. Depending on the business you choose for your wife, try and combine commercial/residential property. This way you only have one set of utilities..you can rent a town house for 10k-15k a month in a good area....dont buy an existing business with key money!!!...build the business yourselfe...Think of things like transport, do you want a car or bike..cars are exepnsive to buy and run,what are you going to do allday???...30K you will get by on Thai food, riding a bike and not going out much....if you want to travel, entertainment,hobbies and western food,look at a lot more.

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You can live for 30.000 baht/month - Thais do so - but after rent of home and fixed basic costs (electric, health etc.), you may have around 15k/m eq. 500b/day. It is depending of your life-style, if 500b/day is all right for two people.

Even, when you buy a condo (or house) for 2½ mio. baht, you will still have some basic expenses (electric, water etc.), but it may leave you with a bit more overhead for daily use.

When establishing a business in Thailand, take care of that you/your wife are making money, not loosing money.

For a pleasant life in Thailand for two people, you may rather look for an amount around 50k baht/m (or more).

Always make sure to have en extra (emergency) amount in cash - fx. make an extra bank account with ATM for the purpose – so you do not run out of money. In my opinion, one should always have a minimum of some 100k back-up - it is very unpleasant be without (enough) money in Thailand. Also be aware, that if you are staying on a Non-O Visa extension for marriage, you will need 400k in a bank deposit minimum three month before the annual extension. Best is, if you can afford to deposit 400k in a fixed account (may give you aprox. 10k annual interest), so you never need to worry about finding the cash up to a visa extension, and keep the interest in your back-up account, in case the size of visa extension deposit may raise, some time in the future.

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2 pages already and no further info from OP. Most of the advice here is realistic.

My 2 baht:

No, you can't do it on what you have, or think you will have.

Budget at least 90k per month for the 2 of you. Forget about setting something up for the wife.

Are you going to provide the cash for setting up?

You would not believe how fast the money goes.

Its not just rent, car, motosai, food, clothes, utilities.

Its insurance, furniture, repairs, you name it.

Some more information on what you and your wife are planning would be good.

Why Hua Hin, for example? How old is your wife and what background does she have (education, work experience etc.)?

What background do you have?

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Thailand is not the 'cheap' place it used to be, no matter where you are living. Prices are generally on a par and often more than what you would pay for the equivalent back home. To live a 'comfortable' life here without being overly extravagant, you need upwards of 60k per month. I wouldn't buy a condo either.

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Hmm lots of you guys have CRAZY numbers flying around, here is my monthly breakdown MRGTINGTONG - I live in Phuket.

Monthly Rent - 13000 baht - 2 Bed Detached house with all round gardens

Electricity - 1000 baht

Internet - 650 Baht

Food - 10000 baht (includes eating out and going to pubs at weekend if i fancy it)

Fuel - 1000 baht (motorbike)

Washing - 1000 baht

So all in all i spend 26650 baht per month, lets call it 30,000 baht on all our living costs, yes this is for 2 PEOPLE and a dog.

There are some major things missing from your budget though. For example, what about insurance (health, home, bike), clothes (don't you buy new clothes), presents (birthdays, etc), holidays (abroad, weekends away, etc).

Sure you can live on 30K if you never take a holiday, never buy clothes, presents, etc. But it's a very frugal life.

What we don't know though is what sort of life the OP is expecting. Maybe he would be happy to live like you do.

I could do this for a years or so if forced to but that's about it.

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Just me and the wife can get by on 30k living in the mum's house. Lotsa problems though (space-related). But then again,

• I don't drive or have a car

• I don't go out and drink in bars... not even occasionally (ok, maybe once a year if I'm lucky)

• I hardly go anywhere at all except for groceries, tech shopping and teaching extra classes -- I go home right after work

• I don't eat out every night

• I go to the 30-baht soi food stall just outside the school for lunch

• I am 30 years old

Wanna live my life? 30k baht a month is fine. But it's also quite boring, depending on how much you love your wife or computer.

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Options and advice to consider :

- Hua Hin is a a more expensive coastal area than some others, so you could consider living in a cheaper coastal area, for example in Rayong province which is a similar distance from Bangkok but which is currently less expensive than the Hua Hin area, or perhaps further down the coast from Hua Hin in the Prachuap Kirikhan area.

- Condos tend to be more expensive than houses, so you could get better value for money and more space for your money with a house. But you can not place the land that the house is on in your own name, so you would have to have faith in your Thai wife if you both were to buy house and land instead.

- You could consider renting, in which case you could rent a modest condo or a house perhaps for around 10,000 baht per month, and live off the remainder of your income. But there are problems with renting : a) you never know if the owner will decide to sell and you will have to look for somewhere else; B) you will not feel like spending much money on a rental property due to no long term certainty; c) the rent will increase over the years and your income may not increase to support this; exchange rates may make the rent more expensive too if the Thai baht strengthens against your home currency. For these reasons I believe it's ultimately preferable to buy, but renting a modest place to begin with whilst you look around is a sensible option.

- If you don't need to be on the coast then there are towns up country which will work out cheaper than living on the coast, but this may not be your dream. Personally, I like living on the coast (Laem Mae Phim area) and it doesn't have to be much more expensive than living up country.

- Be careful about spending your money on setting up a business over here. I'm sure that you will come across several people over here who can tell you a story about someone they know who brought money over here, and used much if not all of their savings to set up a business, which then struggled to make a profit, and eventually led to them losing a lot of the money that they put into that business. Unfortunately I know of one person who has just recently run into problems with his business and is in the process of losing everything, which is very sad, so please be careful in this respect.

- For 2.5 million baht you will only be able to buy a relatively small condo, between about 42 square meters (60,000 baht psm) to 84 square meters (30,000 psm). Whilst 84 square meters will perhaps be enough room for many people to live in comfortably all year round, 42 square meters is perhaps a bit pokey for some.

- Be careful buying on a new development. Apart from paying top dollar in the first place, the monthly maintenance fees tend to be higher per square meter (psm) than on older developments, and they also have a tendency to increase more rapidly than older established developments too. I know of one recent new development with a rate of 35 baht psm where the owners allegedly recently received a proposal to increase this by 77%, an unbelievable increase that the owners will most surely not have budgeted for and which could potentially devalue the price of their condos since it would make them less attractive to prospective buyers.

- Mature developments are to a certain degree tried and tested, tend to have lower maintenance costs, and tend to be cheaper per square meter when buying a condo or per square wah of land when buying a house. For example, I know of oceanside development condos where you can buy at around 30,000 baht per square meter, and oceanside development houses for as low as 17,000 baht per square wah of land (1 square wah = 4 square meters).... these are not in Hua Hin though. The older condo units and houses may need a little refurbishment to make them "as new" once more though, so you should allow something for this.

I wish you the best of luck in leaving "broken Britain". Myself and I'm sure many others will tell you that it's not as difficult as you think to make the move, and once you do, you will not regret it, providing that you live within your means, and don't fall foul of those who may only be after your money. Best of luck.

Robin Hill.

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In 12 years of living here I see many more Failures then I do success Rates of People who want to live here...

There are Many hidden cost such as Visa rules--Traffic tickets-- Health care Etc....Everyday I see Farangs that are determined to live in LOS but a Year latter there just not here any longer....

Rental property always has problems as well if used for Income...Home repairs--Vacant rentals you name it, it will happen...

One thing you will find in Thailand is why are there so Many Business For Sale if there making Money?????

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By the way - a new English Teach Academy is looking for English teachers in our area, so if you have any experience of this they need people to start right away.

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The oversupply of condos here is like nothing I've ever seen.

I noticed that in Pattaya, yet the prices seem to be going up. I don't know how this can be.

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80k/month near Khorat: 4 people (incl. varsity student and 15yr- old), own land, own house, 2 cars; cost positions very similar to many of the above-mentioned. I join others of this thread "Th. is no cheap country at all" still very much worth-while living here and AUD 0.90 for diesel should not be the only high-light of our stay!

your "own business" in Th. would surely be something which you would not include in your financial master plan...! Too many odds re: success / failure and a big visible pot for "start-up and running cost" but invisible leaks of the meager monthly profit

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Hey there

I live in Chiang Mai and moved here a year ago, almost. I have a Thai wife

Budget

Rent 9,200 (small 3b2B, Air Con, in nice Moo Ban a little south of town, includes water and trash big pool, clean streets) -

Food 12,000 (includes 2,500 a month for Beer

Gas/repairs for car - 3,000 (wife owned the car)

Electric 1,700 (includes air con about 4 months a year part of the day

Personal for wife 10,000 (she does her girl friends nights out, cloths, etc.)

Car insurance 780

Health insurance 8,000 (I have Medicare A&B, but also a policy here, plus wife)

Internet 950

Cable 2,100 Premium True TV

Doctor visits and meds 500

I get TB60,000 a month from social security and another 30-60K from investments. The two of us can live on the 50,000 if we watch what we spend. The car is 10 old, but it is cheap to fix cars and very expensive to buy them.

We do not go out much (wife is a better cook than what you get in most restaurants). Farang food is more expensive than in the states, and I decided to eat a Thai diet as my wife will not eat Farang food. You and your wife will need health insurance since you do not have enough to self insure and the hospitals will kick you out if you don't have the money.

Do not buy any property. You can get in on a spouse visa, but check on any financial requirements for the visa. Retirement visa requires you proof you have pension of 65,000 a month, or 800,000 in the bank each year.

The others are right and wrong. Trying to live on TB30k will be very tight.

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Rent,rent, rent, you can get a pretty nice place for around 5-7000 pm or even cheaper, watch your pennys and beware of the family !! if you want a "simple life " it can be done, but IMO not at HH, good luck, oh, b t w i do not have an full time gardener,but i do have a wife and two big dogs............rolleyes.gif give it a try , you only live once

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BANGKOK 20 September 2018 05:10
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