>> Apr 4, 2014
As economies around the world recover, you might find yourself with some extra cash with which to at least place a deposit down on your very own holiday home. Whether you purchase a beachside villa or a campervan however, this is a major decision that requires some in-depth planning. So that you don’t make any mistakes, here are four steps that you will need to follow when it comes to purchasing that overseas property or motorhome you have your eye on.
Carefully Consider the Location
This initial step is the most important as it will determine what you can do in your new overseas residence and whether or not you will actually enjoy the time there. Ask yourself the following questions before committing to one area in particular:
· Do you prefer urban or rural? Inland or seaside?
· How close do you want to be to your neighbours?
· How much outside space do you require?
· Will you use public transport or buy a private car?
· How far away is the airport, hospital, beach, etc.?
Take some time to think about what it is that you want out of your new property or campervan. Asking a few questions about homes abroad will save you time and money in the long run. Not only can you narrow down your choices but it’s less likely that you’ll have to move out to a better location in the future.
Get Some Professional Advice
Since overseas property and vehicle purchases can be complicated, it will pay to discuss the matter with someone who really knows the field. This applies whether you’re interested in motorhomes or condominiums. If you wish to purchase actual property, you should talk to a locally-based real estate agent who holds a valid licence. Having an experienced lawyer who speaks English by your side can also be handy. Learn about motorhomes with experts on camper van hire in Australia as they will already have a fleet of well-maintained vehicles and can point you in the direction of which will be best suited for your travel needs.
Research Local Laws and Costs
You should also ensure you comply with all local government regulations when it comes to foreigners purchasing real estate or mobile homes. Additionally, some in-depth research on the financial costs of this endeavour will also be required. Find out about the following important considerations:
· The legal process of property purchases
· Local taxes for new real estate
· Setting up a foreign bank account
· Renting out your overseas home
The right knowledge will help you make a smarter decision when it comes to purchasing that beachside villa or motorhome. By doing some in-depth research, you can relax and enjoy the natural beauty of the Caribbean from your seaside villa. You can also benefit from other great locations such as the Canaries, Thailand, Hong Kong, or wherever else you’ve decided to purchase your new home abroad.
Get Everything in Writing
Our final piece of advice is to have everything written down. From your initial property offer to the final contract of your purchased motorhome, ensure you have physical proof that the deal took place. If necessary, get it translated into your own language so you are aware of your obligations. In this way, you can stick to the contract and have evidence if you have to go to court later on. Safeguard your finances and make life more convenient by gathering all the right documentation from the beginning.
With these techniques, you can then make a much smarter choice whether you are buying an urban condo in Bangkok or a furnished motorhome in Sydney. Safe travels and enjoy your new home!
About the Author:
Find a trustworthy motorhome or a campervan hire Australia at Salamanda Travel, a company that has holiday reliable vehicles for rent to adventurous tourists.