Chiang Mai Vacation Homes — Investing in Property You Can Use and That Generates Income at the Same Time

Chiang Mai Vacation Homes — Investing in Property You Can Use and That Generates Income at the Same Time

Buying vacation property for personal use while renting it to tourists and long-stay visitors during unoccupied periods is a growing strategy in Chiang Mai.

Best Vacation Home Locations

Mae Rim (top recommendation): Beautiful nature, close to the city, attracts both day-trippers and stay visitors, high High Season demand
Hang Dong-Golf Course: Near golf courses, East Asian golf tourists, complete amenities
Doi Saket-Hot Springs: Hot springs, nature, peaceful, growing Wellness Tourism demand

Income Calculation Example

Pool Villa in Mae Rim, purchase price THB 8,000,000

High Season (Nov-Feb): 90 days, 75% occupancy = 67.5 nights × THB 5,000 = THB 337,500
Mid Season (Mar-Jun): 90 days, 50% occupancy = 45 nights × THB 3,500 = THB 157,500
Low Season (Jul-Oct): 120 days, 35% occupancy = 42 nights × THB 3,000 = THB 126,000
Owner personal use: 30 days/year (no income)

Approximate gross income: THB 621,000/year (7.8% Gross Yield)
Less management 15% + cleaning + utilities: approximately THB 200,000/year
Net Income: approximately THB 421,000/year (5.3% Net Yield)
Plus 30 days/year of personal vacation use

Management Options

Self-Managed: List on Airbnb, Booking.com — higher rate per night but time-intensive
Property Management Company: 15-25% of income — manages everything, ideal for remote owners

Legal Note

Short-term rental under 30 days requires hotel licensing under Thai law — consult a lawyer before operating.

MORE Value. MORE Trust. Always.
Contact us today for a free consultation:
Line: @morecm | www.morepropertycm.co.th
Aurakanya: +66 83-236-9428
Eknarin: +66 96-236-9745