Many people these days choose to buy a property in exotic locations either as a holiday home or as part of their retirement plan. When looking for a beachfront property in Belize there are a few things to take into consideration. Whether looking to rent or purchase there is a lot of research that needs to be done before investing.
There are a few reasons why purchasing an apartment or house in Belize is a good idea. Due to its location on Central America's eastern coast and its beautiful views of the Caribbean Sea, it is an attractive and popular choice. One of the major benefits is that foreign property owners have the same rights as nationals regarding land ownership and freeholds.
Other attractions of this destination are that due to its first language being English the paperwork and contacts are easier to process. When importing possessions no tax is charged and this can save a great deal of money if you need to take furniture or kitchen appliances to your new home. Prices are nearly always quoted in dollars and this also make life a little easier as it takes away the need for currency conversions.
Some people, before buying, will decide to rent a property as a trial run before investing large sums in a house. Rental prices in Belize are quite expensive for homes with a sea view, with a 1 to 2 bedroom villa costing around 2000 dollars per night for a short term period. If renting for longer a better rate can sometimes be negotiated with the agents depending on length of stay.
After deciding to make the move and relocate to Belize, it is essential to work out how much you have to spend and stick to this as closely as possible. Location, size and facilities will affect prices significantly, so take some time to think about what you need. A one or two bed apartment will be priced at around 750,000 dollars increasing to millions at the higher end of the market.
The internet is the best place to start when looking for an overseas property and there are many sites available with good reputations. After making a list of units that interest you it is worth contacting these companies either by email or telephone to ask any questions or for general advice. As with any property purchase you should always visit your potential new home prior to making any final decisions.
When you arrive in Belize to view your new home it is advisable to seek the advice of a reputable real estate lawyer. Many property companies will offer this service but an independent local lawyer is always preferable and in many cases less costly. Laws when buying homes and transferring large amount of money vary depending on your country of origin so this is worth bearing in mind.
Prior to completing the purchase and move, one of the most important tasks is to set up bank accounts in the country. Any of your other legal documents, such as wills and insurance policies, should be checked for validity in Belize. If you are intending to import a car or truck, advice should be sought beforehand to make sure all regulations and documents are in order.
There are a few reasons why purchasing an apartment or house in Belize is a good idea. Due to its location on Central America's eastern coast and its beautiful views of the Caribbean Sea, it is an attractive and popular choice. One of the major benefits is that foreign property owners have the same rights as nationals regarding land ownership and freeholds.
Other attractions of this destination are that due to its first language being English the paperwork and contacts are easier to process. When importing possessions no tax is charged and this can save a great deal of money if you need to take furniture or kitchen appliances to your new home. Prices are nearly always quoted in dollars and this also make life a little easier as it takes away the need for currency conversions.
Some people, before buying, will decide to rent a property as a trial run before investing large sums in a house. Rental prices in Belize are quite expensive for homes with a sea view, with a 1 to 2 bedroom villa costing around 2000 dollars per night for a short term period. If renting for longer a better rate can sometimes be negotiated with the agents depending on length of stay.
After deciding to make the move and relocate to Belize, it is essential to work out how much you have to spend and stick to this as closely as possible. Location, size and facilities will affect prices significantly, so take some time to think about what you need. A one or two bed apartment will be priced at around 750,000 dollars increasing to millions at the higher end of the market.
The internet is the best place to start when looking for an overseas property and there are many sites available with good reputations. After making a list of units that interest you it is worth contacting these companies either by email or telephone to ask any questions or for general advice. As with any property purchase you should always visit your potential new home prior to making any final decisions.
When you arrive in Belize to view your new home it is advisable to seek the advice of a reputable real estate lawyer. Many property companies will offer this service but an independent local lawyer is always preferable and in many cases less costly. Laws when buying homes and transferring large amount of money vary depending on your country of origin so this is worth bearing in mind.
Prior to completing the purchase and move, one of the most important tasks is to set up bank accounts in the country. Any of your other legal documents, such as wills and insurance policies, should be checked for validity in Belize. If you are intending to import a car or truck, advice should be sought beforehand to make sure all regulations and documents are in order.
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