A lot of people buy properties abroad as vacation home or to live in when they retire. A beachfront property in belize is an extremely popular choice for a lot of buyers and there are a few things to consider before buying. Many homes are available to buy or rent which are situated on the coast and some careful thought is required before you make your final decisions.
Purchasing a villa or condominium has a lot of plus points due to the location and great climate. Caribbean Sea views, good access and the fact that values have been increasing over the years make it an attractive option investors. Another benefit is that foreigners have the same ownership rights as nationals which may not be the case in many other destinations.
Belize is an English speaking country so this is a plus point when you have to deal with legal issues. If you plan to take furniture and other personal effects to your new home you will not be charged any import tax so huge savings can be made. Rentals and purchases are usually listed in dollars so this will make the negotiation process easier as it removes the problems of having to deal with exchange rates.
A large number of potential investors will rent a place before making a financial commitment, and buying, to make sure it is the right move. You can easily rent a beachfront home but you should bear in mind that it will be expensive with an apartment or small villa costing around 2000 dollars a night. If you sign a longer tenancy agreement then a better rate may be available.
After you have decided to move and relocate it is important that you work out how much you can afford to spend and stick to your budget. The location, total size and standard of finishing will all have a bearing on the asking prices. A one or two bed flat will come in at approximately 750,000 dollars rising to 3 million plus for a villa at the top end of the property market.
When you are doing your research on properties, the net is the best place to start. After making a short list of properties, the online agent can be contacted and they will advise and assist you. As with any expensive purchase, the property should be viewed in person, before making any commitment.
After arriving to view the properties it is highly recommended that you find and employ the services of a well established lawyer. Many estate agencies can offer their own lawyers to look after things but independent legal advice is always the better option. Some countries have very complicated and strict laws on large money transfers and so someone with local knowledge is a big advantage.
One important thing for you to do is to open a bank account in the country before you move. Any documents such as life insurance policies and driving licenses should also be amended. If you intend to bring a vehicle into the country, it is worth speaking with your solicitor, to check on the correct procedures.
Purchasing a villa or condominium has a lot of plus points due to the location and great climate. Caribbean Sea views, good access and the fact that values have been increasing over the years make it an attractive option investors. Another benefit is that foreigners have the same ownership rights as nationals which may not be the case in many other destinations.
Belize is an English speaking country so this is a plus point when you have to deal with legal issues. If you plan to take furniture and other personal effects to your new home you will not be charged any import tax so huge savings can be made. Rentals and purchases are usually listed in dollars so this will make the negotiation process easier as it removes the problems of having to deal with exchange rates.
A large number of potential investors will rent a place before making a financial commitment, and buying, to make sure it is the right move. You can easily rent a beachfront home but you should bear in mind that it will be expensive with an apartment or small villa costing around 2000 dollars a night. If you sign a longer tenancy agreement then a better rate may be available.
After you have decided to move and relocate it is important that you work out how much you can afford to spend and stick to your budget. The location, total size and standard of finishing will all have a bearing on the asking prices. A one or two bed flat will come in at approximately 750,000 dollars rising to 3 million plus for a villa at the top end of the property market.
When you are doing your research on properties, the net is the best place to start. After making a short list of properties, the online agent can be contacted and they will advise and assist you. As with any expensive purchase, the property should be viewed in person, before making any commitment.
After arriving to view the properties it is highly recommended that you find and employ the services of a well established lawyer. Many estate agencies can offer their own lawyers to look after things but independent legal advice is always the better option. Some countries have very complicated and strict laws on large money transfers and so someone with local knowledge is a big advantage.
One important thing for you to do is to open a bank account in the country before you move. Any documents such as life insurance policies and driving licenses should also be amended. If you intend to bring a vehicle into the country, it is worth speaking with your solicitor, to check on the correct procedures.
About the Author:
Find details about the advantages of owning beachfront property in Belize and more information about an experienced Realtor at http://veneziadelcaribe.com right now.
0 comments:
Post a Comment