The Pros and Cons of Buying a House

26 Jul by Jim Rhodes

The Pros and Cons of Buying a House

You certainly don’t want to spend your entire 20s or 30s trying to neatsek and pack for your international move. You don’t want to rip your house apart, and be miserable and hoard all the stuff!

Start planning about a year or so in advance. This gives you plenty of time to do all the math and show architectural drawings and the like. Then it takes another full year or so before the roof has been put up and the bulldozer has trundled through and the construction site is calm again.

Start thinking about your future moving house as soon as you can. Have a good look at what you want and need. It goes without saying that you are a shopper and you know what is suited and appropriate for you situation.

Take a close look at the market and spend a little time researching it. Find out exactly what the utilities are and cost, try to get some quotes from several prospective buyers like utilities, moving and building costs, insurance premium, security costs etc.

Research the property and town to have an idea of the problems you might encounter and what you need to be aware of. Make a list of the things you need to know and do before you take on the project.

Do a little simple research on the country itself and see if you can get yourself an audience with an architect or developer to talk either face to face or via phone. Find out the procedure of acquiring ownership and be sure to get the paperwork done correctly.

Finally go through and make sure you have all the paperwork and records that are required. Make copies of everything and take them with you to the new house. When you moved in don’t forget to register again as a foreigner and make sure your Notarized Drive Certificate is in the country’s passport.

Financing options are available to you, in fact many banks and money market dealers will lend you the money to buy that property or fund your relocation. But it is just smart to check and double check that the bank will not say its OK through, or it will charge you an arm and a leg for them to do so.

If you have the money, fantastic, your in trouble but if you don’t have the money you need to buy that property or give up your spot, which in Australia is oftenrequired to secure a loan from the bank of Australia.

HomesicknessAnd the only way to overcome this is to get out of the situation as soon as possible. Do something different for a while.

I know many people who have left and afterwards this became part of their new world. They find themselves selling the house, buying a bus and cruising around Europe. A place they had previouslyBlindsided them in.

Buying a house for a holiday is a good option. As long as you purchase wisely and fixated on a nice clean central location, you should find life goes along for the ride.

HomesicknessIf you are the one suffering from homesickness, it’s not too late to get out of the situation. Move on to a new country and get on with your new life.

It isn’t easy to make a new life when you have no money but if you persevere, it is certainly possible.

endeavor to have more money than your previous residence. Weigh the pros and cons of buying another house.

Try to buy a house or set of buildings that is within walking distance to the Metro and bus stations, close to public transportation.

In a swap meet situation, handicap access, utilities and shopping will be dealt with. If this is not available, negotiate a trade that accommodates your needs.

In a home exchange, the home owner may be willing to rent out the rooms in their own home to accommodate you. If not, be very certain that accommodations will be available, close to transit and groceries.

Calculate the cost of renting an extra room in a home exchange partner’s home. If you are bringing pets, home owners may accept them in exchange for rooming for yours.

Exchange homes as an option. Just let the exchange happen naturally when you exchange homes. Choose a location near transit and exchange homes.

Rent first and stay for a while. Run a survey of the area to pick up some new rentals. Have your next home exchange partner swear by this neighborhood or whichever neighborhood you are eyeing.

In certain countries, rental agents specializing in house swaps may exist. If this exists, make sure to talk to them as soon as possible. They can be excellent resources.

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