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4 Important Things To Consider Before Buying Property Abroad

4 Important Things To Consider Before Buying Property Abroad

Buying property should be seen as a long-term investment. Many people are looking at the potential of buying abroad, some to add to their property portfolios, some for a second income and others for retirement.

Whatever your reason for purchasing property abroad, do consider the points below before parting with your money. Depending on where you buy, the potential for a rising income is very promising; property rental is so simple with the internet and sites such as Airbnb, reaching out to millions of potential customers.

But as in all things, before you go signing on the dotted line, there are a couple of things you must think about, to avoid misunderstandings, disappointments and potential problems down the line.

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1. Buying on a Holiday

A big no-no! Falling in love with a property while on holiday is not unheard of. In fact, there are real estate companies who have agents targeting people like this..

You are relaxed and stress-free, you are chilling out, but do keep your wits about you. If you are still interested in the concept of owning your own property abroad, when you come home, then do your research. Find out about the country, its rules and property regulations.Talk to people who have bought in these areas. There are forums online where you may find others to get more information.

2. The Foreign Exchange Rates

Foreign exchange rates can be very attractive to the international buyer but remember these can go up as well as down. Explore the recent currency rates, look at the country’s stability. Especially talk to your bank and or the investment manager to explore all the possibilities of what you may encounter.

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Will you have to pay taxes on rental monies? Of course,wherever you buy, there will be taxes. It is how and where they are paid that you need to know, at home or in your country of purchase or in some cases both! If you are considering a mortgage for your acquisition, are you sure you will manage, if there is a slump in tourism? These are all questions that you need to ask yourself, to ensure you gain enough information to make an informed choice.

3. Beware of the Extras

Of course, you are aware that there will be maintenance costs, but check how much. It can come as quite a shock. If your property has a pool or gym, gardens, security systems or even a lift – all require care and that costs money.

Maintenance companies range from excellent to absolute nightmares. Again you have to do your homework, check out the various options; from your real estate office to independent contractors. Take the time to investigate what is on offer. Talk to other people who use their services to find if they are competent.

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Check if the maintenance company is just a ‘key keeping service’ or do they provide housekeeping services? If you plan to rent, you need to ensure your property is always in excellent condition. Who changes the bedding, washes the laundry? Who cleans the place and ensures it is visitor ready? Who can your visitor contact locally if there is a problem? Bear in mind, you will not want to be contacted at all hours of the day and night to be asked how to turn on/off the air conditioner!

4. Property Laws

Can you legally buy in your country of choice? Some countries have restrictions on who and where foreigners can buy. You may be able to purchase the property but not the land – not a good investment idea. Some countries offer proxies for you to buy through – again not a good idea; however professionally set up, the property will never legally be yours.

Some country’s real estate purchasing systems are very complicated, which will involve hiring a lawyer or their equivalent, in some countries notaries only are used. How do you choose a good one? International lawyers are a good way of ensuring you get through the myriad of red tape with reliability and professionalism, along with thesound advice from experts in the field. Not only speaking your language they will provision you with all the legal assistance you require from translators to documentation according to their legal information FAQ’s.

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Buying property abroad can be a sound investment and a dream come true. To ensure the experience is a pleasure and not a nightmare, make sure you know all the facts before making your decision.

Featured photo credit: ironmountainmotel.net/ via ironmountainmotel.net

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Tanvir Zafar

The founder of ISU Technologies, passionate in writing about entrepreneurship, work and technology.

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Last Updated on May 22, 2019

10 Simple Morning Exercises That Will Make You Feel Great All Day

10 Simple Morning Exercises That Will Make You Feel Great All Day

There are lots of studies that show if you do some exercise in the morning, you will be in a better mood all day long. You will have more energy and you will certainly be a better colleague, friend or partner.

One psychologist at Duke University has researched the effects of exercise on depressed patients and he has come to the conclusion that exercise has a definite role in treating this condition and has an important role in preventing people from relapsing.[1] According to the New York Times, scientists have now established that exercise also boosts your brain power.[2]

In addition, there are studies from the Appalachian State University which show that blood pressure can be reduced by doing regular morning exercise.[3]

Here are 10 simple morning exercises that will help you feel great the whole day long. You can include some of them in your morning exercise routine or do them all at home without having to enrol in a gym. Consult your doctor before starting any form of exercise routine if you are new to this.

1. Cat Camel Stretch

Stretching exercises are useful for muscle toning and also preventing arthritis. They can either be dynamic or static.

Dynamic ones such as the cat camel stretch, are particularly useful for doing other exercises in the morning. They are also beneficial at other times of the day, especially after long periods of sedentary work. This one is great for spinal flexibility and is a good warm up exercise.

Kneel down on all fours. Start by rounding your back just like a camel so that your head will try to meet your pelvis. This is the camel position. Then lower and lift your head so that your lower back is arched. This is the cat position. Do these movements slowly and smoothly. About 4 or 5 times.

Here’s a video to guide you through:

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2. Go for a Walk or a Run

This is better done outside so that you can connect with nature but running inside on a treadmill is almost as good. You can time yourself and increase length and time according to your fitness program.

Always have new goals to reach. Start with brisk walking and work up to running. At my age, I am still walking!

The health benefits are considerable. You can build stronger bones and you can help to maintain your weight.

Also, you are helping your heart to stay healthy and keeping your blood pressure low.

Learn more about the benefits of running here: 8 Benefits of Running 5 Minutes Every Day You Didn’t Know

3. Jumping Jacks

Michelle Obama is a great fan of this exercise and has become “Jumper in Chief.”[4] They are great for cardiovascular health and also for toning muscles especially the calves and the deltoids.

Stand with feet together. Jump while spreading your arms and legs. Return to first position and keep going! You can start with doing these for 1 minute and then gradually build up to the number you are comfortable with. Here’s how:

4. Abductor Side Lifts

Watch the video below to see how to do this exercise. These muscles are important because you use them everyday to run, get into the car or onto and off a bicycle. They are very important also for your core stability and prevent the pelvis from tilting.[5]

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Do about 10 to 15 raises for each side like this:

5. Balancing Table Pose

This is a classic yoga pose. It benefits the spine, balance, memory and concentration.

Start with the table pose (hands and knees). Breathe in before starting each movement. As you exhale, raise your left leg parallel to the floor as you raise the right arm, also parallel to the floor. Breathe in as you lower arm and leg. Repeat for the other side. 10 repetitions on each side is a good starting point.

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    6. Leg Squats

    Not just legs are involved but also hips and knees.

    Stand with your feet a bit further out from your hips. Arms are out in front of you. Then lower yourself as if you wanted to sit down until you reach a 90 degree angle. You can go down further if you want to. Then return to the starting position. Repeat 15 times for 2 sets for beginners.

    The benefits are that these exercises help with knee stability and can benefit the leg muscles such as quadriceps, hamstrings and calves.[6]

    7. Push Ups

    You start lying down (face down) but with your body held up at arm’s length. Your hands should be in line with your shoulders. Breathe in as you lower your body. That is fairly easy. Now, as you exhale, you have to get back up to the starting position.

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    An easier version to start with is to bend your legs at the knees so you do not have to lift your whole body.

    Beginners may take up to a month to be able to do 100 push ups so you will have to start with a very small number and gradually increase it.

    This exercise is great for strengthening the chest, shoulders and the triceps. It is a great strengthening exercise for many muscle groups. In fact, most muscles from the toes to the shoulders are being used.

    8. Bicycle Crunches

    There are numerous crunch exercises targeting the abs. The bicycle crunch is a variation where you work more muscle groups. Aim for 15 to 20 reps to start off with.

    Watch the video to see how this is done correctly:

    9. Lunges

    Stand with feet shoulder width apart. Place your hand on your hips. Take one giant step forward with the right leg. Make sure the knee does not go too far forward, that is, past your toes. The left knee will go down to almost floor level. Alternate the legs as you go on.

    Try to do a set of between 8 and 12 reps for each leg. It is important to allow for a day of rest, so this exercise should be done on alternate days, especially if you are using weights.

    This exercise is great for strengthening and toning the quadriceps, glutes and hamstrings.

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    10. Bicep Curls

    You can do this sitting down so if you spend a lot of time on the phone, this is a great exercise to do.

    Choose suitable dumbbells or another household object that you can easily hold. Sit down with the dumbbell in your hand. You need to sit forward a bit so that your triceps can lean on your thigh to give you support.

    Then bring the weighted arm up to shoulder length and then down again. Exhale as you lift the weight and inhale as you lower it.

    Here’re some important notes before you start doing this exercise:

    Try to do one or two sets of about ten repetitions for each arm and then switch arms.

    These exercises are really useful for toning the arm muscles.[7] In addition, they can strengthen and tone the brachioradialis muscle located in the forearm. These are the muscles we use to pick up things when we flex the arm at the elbow so we use these muscles countless times a day.

    You may have to build in a rest day for the heavier exercises, numbers 6–10. On the rest days, you can do gentler stretching exercises and also some walking or running.

    Morning exercise is not only a great mood booster, but will help you keep your weight down and also sleep better![8] Start including one or some of these exercises in your morning routine!

    More Articles About Exercises for Beginners

    Featured photo credit: Unsplash via unsplash.com

    Reference

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