To accompany our list of the top 20 places to buy abroad, Ive come up with my own top 20 tips...
- Think about the real reason you want to buy abroad. Do you want a sound financial investment, a place you can relax with the family, a weekend getaway, somewhere to retire to, or a relocation home?
- Carry out as much research as possible before you set foot on a plane. The more information you have about your chosen destination the easier you will find it when you get there.
- Be prepared to be disappointed. Very rarely will you walk into the first place you see and fall in love with it. Looking for a property is time-consuming we often look at 40-50 different places for each episode of A Place in the Sun.
- If youre buying off-plan, visit the site and find out exactly where it is before handing over any cash. Never rely on developers plans.
- When visiting a property, ask as many questions as you can. Work through a checklist and take some photos, too.
- If possible, bring a friend along with you when viewing a house. They will bring a fresh perspective and may point out things you hadnt noticed.
- If youre considering a renovation project, be realistic. Whatever the builder quotes you whether it be time or money add an extra 50 per cent.
- Think about amenities. How far is the nearest airport, hospital, shop, beach or restaurant? These things are important if youre going to spend a lot of time in the area.
- If you are buying to let, make sure you can cover any mortgage payments in case youre unable to rent out the property. Do not rely on rental income alone.
- If youre relocating, be prepared to learn the local language. It will help you to fi t in and make friends in the community.
- Visit the property several times, at different times of the day. You need to make sure the Spanish apartment of your dreams isnt above a bar that shuts during the siesta but stays open until 4am.
- Dont put down the deposit on a property without seeing it. You wouldnt do it at home, so why do it abroad?
- Set aside a contingency fund for unexpected costs eg, property maintenance problems. You really do need a safety net.
- Dont let your property without arranging suitable indemnity insurance to cover you against all eventualities.
- Check out the local healthcare provision. If there is no reciprocal healthcare agreement with the UK then you need private healthcare insurance.
- Avoid solicitors who are recommended by agents or represent the vendor. Find a reputable (bi-lingual) independent solicitor.
- Always register with the local British consulate it can be a useful resource.
- Have a property survey done. A professional who is familiar with local construction processes and materials can tell you if youre about to buy a wreck.
- Brace yourself for a culture shock things will be different. If possible, rent there long-term before making a commitment.
- Have fun! As long as you keep your wits about you, buying your place in the sun is a fantastic, rewarding adventure.