Press Release Summary = The most important thing people forget is what you want the property to do for you? This could determine the country and area you buy into. Are you looking for a long term or short-term investment? Are you looking for a regular income? Or like a lot of people you are just looking for a holiday home for you and your family? There are a lot of golf enthusiasts who are looking for that perfect home at a golf resort.
There are two types of property abroad you can buy. Off-plan, and resale property. Off-plan means buying a property abroad before it is built. A resale property is simply buying a completed property abroad from a third party. Both options have their advantages and disadvantages. You have to be careful when buying an off-plan property, as you can be sure that the size of the property will finish off smaller than you imagined it to be. It can also be a long time before the overall development is completed. You can also incur problems if the building is not constructed according to the original plans but the overall buying off-plan property abroad can reap some excellent profits.
When buying property in Spain for instance allow approximately 10% - 12% on top of the asking price for additional costs as lawyer's fees taxes VAT. The cost doesn't always equate to 10% but allow that amount anyway just to be on the safe side. Other locations change accordingly. For example in Dubai there are no taxes which makes a very attractive investment property opportunity, If you assume 10% - 12% as being the maximum abroad then you should receive some change every time.
If you are buying property abroad to emigrate then you must check the hospitals, education, etc. There are fantastic bargains in emerging markets such as Bulgaria, Rumania, Estonia, and Cape Verde, but it is no good living there if you have to leave the country when ever you have a health problem or if its a nightmare travelling around. That is why Spain is always ends up being the number one in my opinion because the infrastructure is leaps and bounds ahead of many of the eastern block countries. You may pay more to begin with but you receive far more for your money in the long term.
If you want to buy property abroad for investment and rental purposes then think about what appeals to the majority.
Is it close to an airport? Is it close to a beech or local amenities? Is there sufficient transport nearby? Are you able to rent the property all year round? Are there sufficient activities for your family and yours self. Are you able to rent the property all year round?
If you're looking for rental property abroad then spend time to finding a good agent. www.online-property-abroad.com can give you advice on mortgages, tax and a list of property and price etc. on this subject.
If you can afford to do so then buy a cheap good-looking vehicle, which could add extra value to the property, both on rental and resale. Always try to buy a property that appears to be spacious. The inside colour makes a big difference which is something you can change yourself. Never buy a property that doesn\'t have a view of some form or another, either a view of the mountains, or the sea. The view can compensate for the lack of space inside.
Always check the surrounding areas for potential building projects as the last thing you want to do is come back 12 months later and find the field next door is a construction site. The chances are your tastes is not that much different to other peoples so although you have to be vigilant at all times don't forget the basic rule? If you like it then you can be sure that others will also. So buy a property that you like in a country that you like and the rest should fall into place quite nicely.
Press Release Body = Property Abroad - Tips For Buying. By: Anthony Dowling May 2006
The most important thing people forget is what you want the property to do for you? This could determine the country and area you buy into. Are you looking for a long term or short-term investment? Are you looking for a regular income? Or like a lot of people you are just looking for a holiday home for you and your family? There are a lot of golf enthusiasts who are looking for that perfect home at a golf resort.
There are two types of property abroad you can buy. Off-plan, and resale property. Off-plan means buying a property abroad before it is built. A resale property is simply buying a completed property abroad from a third party. Both options have their advantages and disadvantages. You have to be careful when buying an off-plan property, as you can be sure that the size of the property will finish off smaller than you imagined it to be. It can also be a long time before the overall development is completed. You can also incur problems if the building is not constructed according to the original plans but the overall buying off-plan property abroad can reap some excellent profits.
When buying property in Spain for instance allow approximately 10% - 12% on top of the asking price for additional costs as lawyer's fees taxes VAT. The cost doesn't always equate to 10% but allow that amount anyway just to be on the safe side. Other locations change accordingly. For example in Dubai there are no taxes which makes a very attractive investment property opportunity, If you assume 10% - 12% as being the maximum abroad then you should receive some change every time.
If you want to buy property abroad for investment and rental purposes then think about what appeals to the majority.
Is it close to an airport? Is it close to a beech or local amenities? Is there sufficient transport nearby? Are you able to rent the property all year round? Are there sufficient activities for your family and yours self. Are you able to rent the property all year round?
If you're looking for rental property abroad then spend time to finding a good agent. www.online-property-abroad.com can give you advice on mortgages, tax and a list of property and price etc. on this subject.
Always try to buy a property that appears to be spacious. Never buy a property that doesn\'t have a view of some form or another, either a view of the mountains, or the sea. The view can compensate for the lack of space inside.
The chances are your tastes is not that much different to other peoples so although you have to be vigilant at all times don't forget the basic rule? If you like it then you can be sure that others will also.
Anthony Dowling http://www.online-egolf.com/article.html
2022
