Chiang Mai Rentals: Finding Your Way
Sure, the world has been in a difficult situation, which also meant that rentals in Chiang Mai have dropped in price by 20%. In addition, there has also been a construction boom resulting in a surplus of brand new, state-of-the-art condos waiting for tenants.
The most remarkable feature of condo rentals in Thailand is that they are usually fully furnished; they come with beds, tables, linen, television, plates, and cutlery. All the basics are taken care of.
What’s left to do? Decide what you like and where you want to be located. There are a few things to toss around in your mind before you sign a lease.
Affordable condos in Chiang Mai are scattered everywhere. They are clustered around the old city and also in the urban sprawl that radiates out beyond the Old City. The majority of condos are studios or one-bedroom apartments. The difference between a one-bedroom and a studio could be a few hundred dollars a month, even though size and space may be equal. So if you are on a budget, renting a studio makes more sense.
The type of condos that expats are interested in starts at around $200 per month at its most basic. An average, mid-range condo will only set you back $300 per month. A small but high-end one-bedroom condo will cost on average $600 per month.
Chiang Mai Rentals: The Old City
As a newbie, it is best to stay near the Old City where it is easy to access transport, grocery stores, and plazas. Traditionally, the Nimmanhaemin Road area is popular because it is surrounded by great coffee shops and restaurants. It has developed into a more slick and sophisticated area. Lately, the trend is changing and Santitham is the place to hang out. It is cheaper and has a more rustic charm. Here you will find quirky coffee shops and cheap restaurants. These areas are a great way to meet new friends within the expat community.
There are also affordable condos in the famous Night Bazarre area (Changklan Road) which is popular with new expats, and if you are looking for something more sleepy and quiet, there are condos close to the Ping River just 5 minutes from the Old City.
Chiang Mai Rentals: What Are Moo Baans?
Another popular option with expats is living in a moo baan. These are houses in gated communities, although the older moo baans do not have any gates. If you are coming with your family and pets, this may be the perfect option. Modern houses in moo baans begin at around $530 per month, but a more realistic price would be $700 per month. They include security, swimming pool and gym. There are moo baans near the international schools in the Hang Dong area, too.
Keep in mind that if you are new, it is best to go through a reputable real estate agent. Do not sign any lease that is only written in Thai. Take your time to read carefully through the lease agreement. Sometimes they will stick you with the yearly condo strata fees, which you should not have to pay.
Remember, everything is negotiable. Make an offer! Ask for a discount! Offer to pay 6 months in advance for a discount. It is really up to your budget and your willingness to speak up. Have you had experiences with renting in Thailand, or are you considering moving to Thailand? Let us know so we can help.
by: Rachel Devlin
