Many people simply "fall" into buying real estate abroad. Either they go to a show and love the beautiful photos of the developers and get sucked into the rhythm of a savvy salesperson, or they go on vacation, meet someone at a bar, or get invited as a guest.
Before buying or investing in a vacation home, make sure this is what you want means a lot to rent a vacation home for the next 30 years without having to deal with currency fluctuations, remote property management, maintenance costs and complicated tax laws. Many people who buy vacation homes rarely make money. At best, you can expect to see a return on your investment. You can easily purchase property in Vancouver from various online sources.
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So before you hand over the check:-
1. Make sure your purchase delivers what you want. Cheap holidays abroad or if you invest, what do you want from it. If income – how much? If it is a capital increase – how much and when?
2. Don't be fooled by marketing brochures. They will only bring you "good news". They won't tell you what else is being built in front of or behind your property, not even the finances of all the companies involved and whether bankruptcy is imminent!
3. Just because an area has gone up in price today doesn't mean it will when you come to sell. Think of those who have invested in Vancouver on the coast. Many can't even sell for half the price they bought them for.