Buying a property abroad advice tips and guides
Keeping it sweet at home will help buy property abroad.
Differing expectations between partners is proving one of the reasons why overseas property owners choose to sell their homes. Jane Marr sales director of Marr International the company that runs Homesgofast.com says “ I am so surprised to find that owners want to sell their stunning homes after only a short time of ownership. I am increasingly finding that relationship problems are the cause of the sale of property abroad.
Compromise on buying your property abroad to prevent trouble later
Human element not considered in the plan to buy abroad.
It seems that overseas property buyer’s often research locations, examine property investment potential and learn about the practicalities of buying a home abroad. However one element that seems to be ignored is human relationships. Its easy to find overseas property magazines, books and websites to help with the practicalities of buying a home abroad but you seldom see advice maintaining a good relationship when buying a home abroad.
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Prevention is better than cure.
We all know that pulling in the same direction in any sort of relationship can make life a whole lot easier. Reaching a compromise is better than having one party in the relationship unhappy while the other is all smiles. So why do we ignore relationship factors in the decision process when buying a property abroad. This could be because you may have both agreed it would be a dream come true to own a home abroad, however everyone’s dreams are different and right from the out set each partner may be walking down a different path.
Start asking your self some honest questions.
Is your partner in love with living abroad as much as you are? Ignoring differences can mean you are set for disaster. Do you love the sun whilst your partner burns just thinking about a hot day? Can you speak the language whilst they cannot speak a word? These all sound very obvious but your partner’s enjoyment may not be as much as yours when owning a home abroad becomes a reality.
Plan for how you both feel
It’s time to start asking some serious questions and compare them with your partners.
What is your main reason for buying a property overseas?
What would your dream home abroad look like?
How much would you spend?
How much would you be prepared to dedicate on monthly expenditure?
What would be your ideal location?
Would you like to live abroad?
Would you like to retire abroad?
How often would you want to come home?
Making assumptions will store trouble for the future.
The list of questions could go on and on but making assumptions about how your partner views their ideal home abroad may result in a serious situation later. It’s time to compromise at the planning stage so sit down and get to a detailed joint view of your home abroad.
Relationships under pressure
Buying any sort of property can be a stressful business resulting in disagreements and a desire to throw the whole project in the bin. Moving abroad and living away from home has it’s own unique pressures so it’s essential that all agree to the game plan. When one partner has sacrificed more than the other this could stay in the background until rows or disagreements ensue. Living overseas may mean more time being spent with your partner this could be a new form of pressure.
Pressure to enjoy what you have
Much like vacations and public holidays we sometimes feel that we should be enjoying ourselves . the fact that you are not is disappointing i.e. " I have got every thing i wanted and I am still feeling unhappy" Being realistic from the beginning will help settle your emaotions.
Rocky relationships
Will buying a home abroad save your rocky relationship? Well you can give it a try, but bear in mind all the additional presssures and time spent together could actually make things worse!
Compromise,compromisie,compromise
Imagine one partner looking for a home abroad situated by a golf course whilst the other hates golf . The partner may be happy to go along with this as they are swept away with the thought of owning a property overseas. But with time and pressures associated with living away from home this euphoria is set to be a temprorary situation. So work on compromise with the location of your property overseas. There are so many overseas locations that could cater for both parties. This compromise will ensure your relationship does not suffer when owing a home overseas
Friends and family
So you intend on living in your dream home abroad for the best part of the year. You have got the ideal location for a holiday home the property is everything you wished for. You are quite happy to see friends and family very infrequently. However what does your partner feel about this. It is an important consideration as your dream could well be tainted by a partner on an emotional roller coaster who misses friends and family. Discuss with your partner to determine how they will feel about being away from friends and family. It may be best to plan for a location that is easily accesbile for friends and family.You may need to buy an overseas property with room for them to stay. What are the costs to your friends and family to visit? when they are too high your likely not to receive them too often so be realistic in your choice of location.
Selling your overseas property
It makes good sense when buying a property abroad to plan how and when you would eventually sell you’re your overseas property. Your partner may never want to sell and plans to keep the property in the family. You may be looking at the overseas preoperty of your dreams as a pure investment whilst your partner sees it as a home. Deciding on how and when you intend to sell your property aboard is an important factor in many cases a property cannot be sold unless both parties agree.
Relationships that turn into a nightmare
Buying a home overseas can be a dream come true however it can be seen that ignoring the human element that many guides never touch upon could turn your dream into a nightmare.
Article by
Nicholas Marr
Director of Marr International Ltd
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