Those with dreams of having a home abroad to flock to as they wish, might just be putting those plans into action in order to take advantage of both the weather and financial gains when comparing against the home equivalent.
However, there are many elements that need to be taken into consideration and you must prepare yourself for what could be a long and arduous journey to get your dream home abroad built, and built how you want it. Not only are planning and building laws different with each country, but money will be a key issue in both the planning and construction phases. Here are a few tips in how to approach the situation:
Purchasing the land
Possibly the biggest factor in building abroad is getting the permission to do so, as well as getting all the planning in order to make it run as smoothly as it can. The project will initially depend on both the quality of the land and the restrictions surrounding it.
When scoping your desired area for suitable land, ensure that you hire professionals to confirm that it is both safe and legal to build on; otherwise you might just be entering a world of hurt financially and legally if neither or both are viable.
Once happy to go ahead, hire a suitable solicitor (ideally one that speaks the local lingo) and proceed how you see fit in order to get planning and building permission. When buying the land (if necessary), you’ll probably need to dabble in a bit of international money transfers via foreign currency exchange, with bodies such as Axia-FX able to help you out in such situations.
Going through the building process
Make sure to do your research when collecting your groups of workers together that will be building your dream home abroad; look to see what their previous projects have been and how successful they are. Also look into the types of styles they are adept at creating; are they used to sticking to the general style of the area, or are they perhaps more versatile?
Finances will be big element at this stage and it is important that you are on top of your budgets, what is being spent, how much is left and how much you think you’ll need to complete the build.
Keeping an eye on the progress
Obviously you’re not going to be able to watch the house being built every day; otherwise you’ll be spending a fortune on accommodation. Therefore, look to set up regular meetings online with your contractor to get reports on the build’s progress and then fly out perhaps once a month if finances allow to get a first-hand view of how the property is coming along.
In the latter stages of the project, check with your solicitor that every legal step has been taken accordingly and that you are aware of all the procedures when moving into a foreign home, such as paying bills, tax and other elements that might be unique to your home.