Tuesday, February 23, 2016

Searching For Your Beachfront Property In Belize

By Christine Hill


A large number of people now decide to invest in a property overseas, either to use as a second home, or as somewhere to retire to. If you are looking at a beachfront property in belize a little homework is required beforehand. Rentals and purchases in this destination are readily available for your dream home on the beach.

There are many benefits of buying a home in Belize and due to its easy accessibility it is becoming more popular. Located on the east coast of Central America it boasts stunning sea views and attractive prices where values have been rising steadily for the past few decades. Foreigners also enjoy the same rights as nationals in land ownership so this is also a huge plus point.

With Belize being an English speaking country, this is also a huge plus point when dealing with legalities. If you are planning to take any of your personal effects to your new home, this can be done duty free, which allows for huge savings to be made. Rental and purchase prices are usually in dollars, so this also makes the whole process easier and removes the issue of exchange rate variations.

Before investing huge sums of cash in a new property, some people decide to take on a rental to make sure the destination is the right one which suits them. Renting in Belize, especially beach front, can be expensive with a 2 bed, 2 bathroom villa coming in at around two thousand dollars a night. When opting for a longer tenancy then discounts may be available depending on your agent's terms and conditions.

Before deciding to take the plunge and invest in your dream home on the beach it is very important to calculate your budget and stick to it. The prices for properties differ greatly depending on location and the standard of the building work. A small condominium will start at approximately 750,000 dollars rising to 3 million plus for more luxurious villas.

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.

On arrival in Belize to look at your beach front home, it is good practice to employ a local lawyer to advise you and handle all legalities. Some of the internet companies will have their own legal people that will be available to you, but independent advice should always be sought. Many countries have quite specific rules on bank transfers over a certain amount and assistance may be needed in this matter.

Another thing to do before buying is to set up bank accounts in Belize and any other official documents such as wills and insurances should be registered. This will make your move much smoother by putting these things in place before making the final move. If you need to import a vehicle, it is advisable to consult your lawyer to check laws on registrations and import procedures.




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