Should I buy or rent a home in Koh Chang?

"The decision to buy or rent a home in Koh Chang, largely depends on your personal circumstances, preferences, and long-term plans. If you plan to stay in Koh Chang for a long period or frequently visit, buying a home could be a good investment. Owning a property allows you to have a permanent base, gives you the freedom to make changes to the property, and could potentially provide a source of income if you decide to rent it out when you're not using it. On the other hand, renting a home in Koh Chang offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to have the responsibilities that come with owning a property. Renting can also be more affordable in the short term, as you won't need to pay for maintenance costs or property taxes. However, it's important to note that foreign ownership of land is technically prohibited in Thailand, although there are legal structures such as setting up a limited company or entering a long-term lease, that foreigners can use to acquire property. Therefore, if you're a foreigner, buying property in Koh Chang can be a complex process and you may need to seek legal advice. In conclusion, both buying and renting a home in Koh Chang have their own advantages and it ultimately depends on your individual situation and needs," mentioned another expat when asked about moving to Koh Chang, Thailand.