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10 Things To Ask Before Buying Retirement Property Overseas
Valentine Fouche
Whether you’re planning for investment or retirement, buying real estate overseas is fundamentally about diversification. Today, we’ll focus on the retirement side and what you need to consider when you’re looking to buy in a place where you’re planning to spend at least a couple of months of the year on the ground.
It’s important to understand that moving all your savings out of the States and into a single residence overseas doesn’t bring you the level of diversification you should be seeking right now. However, using some of your capital to buy a home in the place where you want to live and putting another share to work in another market (ideally one that uses a different currency) gets you not only diversification but also what amounts to a rent-free retirement.
The bottom line for the retiree-buyer is to follow your instincts—not only in figuring what to buy overseas but also in considering whether you should buy at all.
2. Do you want a front yard, a back garden, or a swimming pool? All of these things require care and maintenance…
3. Do you want to be in the heart of downtown or out in the country?
4. Do you want a turnkey, a renovation project, or something in-between? …
5. Do you like the idea of living in a gated community, or would you prefer a more integrated setting…
6. Consider traffic patterns and transportation…
7. Consider the convenience factor…
8. Do you want a furnished home? …
9. What’s your budget? …
10. What kind of view would you like from your bedroom window each morning?
These questions are, of course, just the basics to get you started. At our Global Property Summit, this March 14–16, our goal is to help prepare you for each step of your overseas property purchase (a whole new ball game to anything you’ve ever experienced buying real estate at home)… And, if you’re not already fixed on the area where you want to settle, we’ve identified the top places in the world to both live well and diversify today. (If you have a specific location in mind already, you may just change your mind when you see what our experts bring to the table. And, that’s okay too!)
If you’re serious about owning a property overseas, I hope you’ll join us for these three days in Panama City next March when we’ll help you move forward with confidence and act on some of the most affordable opportunities we’ve seen in more than a decade.
As always, please feel free to contact my team with any of your event-related questions—or for personal assistance with your booking—at the contact details below.
Valentine Fouché
