One of today's biggest fads is buying vacation homes out of the country
one is in. It means that people can greatly cut down on the costs of a visit to
some of the most popular vacation spots in the world by knowing they have a place
to stay once they get there.
Purchasing real estate in another country is not always like looking at houses for sale locally though. There are several areas that you have to worry about
that we take for granted here at home. In this section of the site, we are going
to be posting articles, usually country specific, which discuss the different
aspects of investing in a foreign vacation homes.
Just what kind of information can you expect to find in these articles? Well,
first of all there are the mundane bits of real estate information that you
will receive any time you are out home shopping. In order to maximize the value
of your purchase, you want to make sure that it's close to all the amenities;
grocery stores, schools, and so on.
No matter what country or state you are purchasing in, easy access will ensure
that your home holds its value no matter what the future brings.
That future can sometimes be iffy, and it certainly helps to know what kind
of real estate laws apply in the country where you are thinking about purchasing.
Many follow the same real estate regulations as we do in the United States and
Canada, but in some the rules are no clearer than if you were entering a car
sweepstakes on the Internet back home. We'll talk about preparing for
the future and covering your assets legally.
Then there are the aspects of the home itself. Shopping for a vacation home
means you will probably spend some money just travelling back and forth to ensure
that the home is exactly what you are looking for. In our opinion, this is money
well spent. The last thing you want to do is buy an unseen home and arrive to
find that the roof is leaking or the foundation is sinking.
Certain countries, and even certain areas, will have different requirements
as far as keeping a vacation home in pristine condition as well. For example,
on the island of Kona in the state of Hawaii, one city has desert conditions
while the other receives the most annual rainfall of any location in the United
States. You can see how regulations in one would call for a roof drain (and
you'll need to make sure your house has one) whereas in the other it is
not as necessary. Whether you're looking at homes in Paris or Toronto, checking the home regulations is an important step.
Hopefully we have given you an idea of just a few of the many details you need
to think about when you are thinking about purchasing a vacation property.
The information in these articles will help you clarify your search even further!