Buying an old house to renovate vs. buying a ready-to-move-in second-hand house.

Buying an old house to renovate vs. buying a ready-to-move-in second-hand house: Is it worth buying "Kang Muang Kalapapruek" at a special lower than market price?

If you're looking for a house near the city in the Kalapapruek-Sathorn area, this is undoubtedly a prime location that everyone wants to secure. The travel route leads directly into Sathorn-Silom in just a few minutes. However, the concerning reality is that "new houses in this location are priced exorbitantly high and hard to come by." Meanwhile, newly decorated second-hand houses are convenient, but their prices reflect marketing and decoration costs from the previous owners.

But would it be more worthwhile… to own a luxurious townhouse brand like "Kang Muang Kalapapruek" at a special discounted price, allowing the significant price difference to be used for your own dream home renovation ideas? This article will delve into the value of purchasing a reasonably priced house for renovation and why this opportunity shouldn’t be overlooked.

1. A deep dive into the "Kalapapruek" location, a golden area of Thonburi, connecting to Sathorn at your fingertips

Kalapapruek Road is one of the most strategically growing residential areas in the Thonburi side, catering to both city workers and families seeking convenience:

• Seamless connectivity to the CBD: Directly connects to Ratchaphruek Road, crossing Taksin Bridge, making it effortless to head towards Sathorn-Silom, saving travel time during rush hours.

• Close to public transport: Near the green line sky train (Bang Waa station, Wutthakat station) and the blue line, allowing you to travel to the city without worrying about traffic jams.

• Complete facilities: Surrounded by leading shopping malls, such as The Mall Lifestore Bangkae, Seacon Bangkae, Metro West Town, and Phayathai 3 Hospital.

• Quality community from top brands: The Kang Muang Kalapapruek project is known for its security system, lush project environment, and premium private community.

2. Value comparison: Renovate your own home vs. buy a newly decorated second-hand home

Many may feel apprehensive when hearing the phrase "the house needs renovation" or "there are structural issues to address," but from the perspective of investors and real estate experts, this represents a "profit-creating opportunity from the moment of purchase." Let’s compare the following key factors:

Comparison Factor

Buy a house at a special discounted price to renovate

Buy a newly decorated ready-to-move-in second-hand house

Buying Cost
(Purchase Price)

The cheapest in the project
Discounts worth hundreds of thousands to millions

Higher prices according to decoration costs
and seller's profit

Design and Functionality

100% custom design Choose your own material specifications and color tones

You must accept the style and materials predetermined by the previous owner

Control of Structural Work

Peace of mind in the long run because you can reinforce the foundation and fix subsidence issues with your own contractors

You won't see the underground structural work that is hidden under the decoration

Total Budget

You can control your budget realistically, paying only for points that are necessary

Included in the sale price, which may be more expensive than the actual construction costs

3. Revealing the truth: Is the subsidence in front and back of the house a major issue? Is it worth fixing?

For the Kang Muang Kalapapruek project, the property has a point that needs improvement: the area around the front and back extensions has slight subsidence, which is considered natural for houses in this area due to Bangkok's soil layer.

The question is: Is it worth buying?

• The main structure of the house is strong and intact: The subsidence occurs only in the extended areas and does not affect the columns and beams of the main house.

• Current technology for repairs is not expensive: Using micro piles for reinforcement or revitalizing the exterior is currently quick, safe, and transparent in costs.

• The selling price is significantly compensated for the subsidence: The discount given to buyers exceeds the actual repair costs, leaving you with funds to create a beautiful kitchen or decorate the front yard in your preferred Muji or minimal style.

4. Conclusion: Why this "Kang Muang Kalapapruek" house is an opportunity not to be missed

If you are a forward-thinking individual looking for a premium project house in the Kalapapruek area at a price that "cannot be found again in the market", choosing to purchase this house for renovation is the most worthwhile decision, both in terms of living in a house that meets your specifications on every square meter and as an investment where you acquire valuable real estate at a lower price than anyone else.

5. Frequently Asked Questions about purchasing second-hand houses in the Kalapapruek area (FAQ)

Q1: How much is the repair cost for subsiding extensions in front and back of the house? Is it hard to control the budget?

A: Repair work for the subsiding extensions using micro piles for reinforcement and reconstructing can start with a budget of just tens to a hundred thousand, depending on the materials chosen