10 GOLDEN RULES BEFORE BUYING ABROAD
1. Check the weather factor, the sun doesn't always shine!
2. Sport facilities (sailing, golf or skiing) can make a huge difference to your property rental appeal.
3. It's easy to feel left out if you don't have a second home somewhere, but study your finances and make numbers before you try it.
4. Never invest in a cheap house that you will have to rebuild, don't even think about running an overseas renovation without any advice or contact in destination.
5. Put the eggs into different baskets: if you got a sizeable sum to invest spread your risk in different destinations.
6. Do not forget the ongoing cost: houses cost money to maintain, be aware of that.
7. Be competitive in the tourist destination areas: if you buy to let you must offer best prices according to your competitors in order to attract the tourist.
8. Location: Never take the decision of buying while basing it on a low cost airline flying to the destination. You could find yourself in a difficult position.
9. Get to know the destination before you really decide to invest in it, consider the trends, political past, and the economical and social environment.
10. Get all the information you need to know regarding the financing, mortgage loans, taxes etc...
