Renting a villa on building site

[pinsharp]

I have purchased a villa which will be complete in November. There are 40-50 more villas planned so the site won't be 'complete' for 1-2 years. Does anyone have any experience of renting out a villa that is on a 'building site' ?

[dr dave soul monsta]

GOOD LUCK and Best wishes

[buksida]

I have had my fair share of living in close proximity to building noise and believe me its no easy ride.

A quick run down of my last couple of years:

1) Get evicted from house I liked because owner wanted to sell it.

2) Move to another house to find the neighbours to the right are renovating - this goes on from 8am until 5pm ... for six months.

3) As soon as they are finished and move in with their noisy arrogant fat kids and family the neighbours to the left start renovating - this goes on from 8am until 5pm ... for another six months.

4) Move across the street to blissful peace which is shattered a few months later by the a-holes behind building a guesthouse, "they are on a time limit" I'm told which is why they can still use angle grinders at 10pm.

5) 8 months later its finished and it has been quiet ever since.

6) Until the w-kers next door decide to renovate as most of the houses in the soi are now better than theirs.

Welcome to paradise

[buksida]

Ah since Dr has posted I should add a couple:

3a) A Mancunian moves in there and all hell breaks loose.

6a) When the building noise has stopped the local karaoke bar starts up at full bore until 3am.

Welcome to paradise

Advice : Don't live on a building site

[STEVE G]

You can rent out anything if the price is right; I used to have a friend in Jakarta who rented a house between a mainline railway track and a mosque. He was an English teacher on a budget, but I stayed over a few nights and the house shook every time a train passed and then at five in the morning the call to prayers would blast out from the minarets.

[johnnyk]

Best to give full disclosure that the villa is still part of a building site and there will be noise, rubbish and perhaps incomplete services.
The marketplace will decide if it is rentable.

[David Nears]

As Steve G said you can rent out any property if the price is right. I have a company in Hua Hin with 2 years rental experience and there is a very large market which is price orientated. The main aim in this case would be to cover your costs and make a small amount of money. Once you have decided in the amount that would be good for you, you then take as many bad pictures as you do good and explain that the price reflects the inconveniences. You will almost never get complaints at all due to your honesty.

Rgds

David

[turnip]

Sounds like a bit of an over sight on your behalf
Why buy the propety in the first place if you can't use it for a couple of years
How can you accurately tell any tennants the full shortcomings when you haven't lived there yourself
Do the toilets flush or does water pour in when it rains
I think you may leave yourself open to complaints and potential legal action
Not an ideal situation
It may be more trouble than it's worth

[Norseman]

Why buy the propety in the first place if you can't use it for a couple of years

Who says you can't live on a construction site?
I've been living on one for 4 years now and it still ain't finish.
This is Thailand, when your house is finish it can still be another 4 years before the rest of the property is finished.

[DawnHRD]

Sounds like a bit of an over sight on your behalf
Why buy the propety in the first place if you can't use it for a couple of years
How can you accurately tell any tennants the full shortcomings when you haven't lived there yourself
Do the toilets flush or does water pour in when it rains
I think you may leave yourself open to complaints and potential legal action
Not an ideal situation
It may be more trouble than it's worth

On the point of not being able to tell potential tenants the shortfalls:

My ex & I bought a house in UK while we were living in HK. We rented it out through a management company. It was 70 years old (so not a new development). Every time they changed tenants they (management co) sent me a new questionnaire asking about stuff like where's the gas meter, where's the stopcock, what downfalls are there? I'd only ever viewed the place - how could I answer?

Funnily enough, it has now been sold, without either of us ever setting foot in it again. But it had paying tenants the entire time we owned it...

[turnip]

Norseman

Why do you enjoy living on a building site ?

Haven't you a proper home to go to

Doesn't it annoy the Missus a bit

What was the last place like ?

[Norseman]

Because this is where I live and want to be.
I don't mind a bit of noise and dirt as long as it slooooowly gets better and better.
You have to think positive I guess?
TIT - a bit different from Europe - but I love it.