![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
How to Afford Your Dream Home
Is it your dream to one day own a holiday home in the sun; a beautiful house where you can escape, relax and be free of the worries that seem to go hand in hand with every day life? Well, you're not alone! A recent survey by a well known mortgage lender in the UK revealed that up to one in three Britons not only dream about owning a home in the sun but fully intend to make that dream a reality some day. And in the US the number of Americans planning to one day buy that ideal second home haven is now up to three in ten people. Now let me ask you another question: - If it is your dream to 'one day' own that beautiful home in the sun what exactly are you waiting for? Why wait for 'one day' when you can make your dream a reality today? Here are just five simple ways that could free you up to make your ideal property purchase today. 1) Location, Location, Location There are still some very beautiful and highly affordable locations left in this wonderful world of ours - destinations that are less well known, less popular with tourists, less well developed maybe; but no less beautiful, no less welcoming and certainly no less safe! You just have to look a little further afield or think outside of the box and be prepared to do some of the real estate research yourself. The most popular destinations for second homes like Florida and Spain are very well documented and there are literally thousands of real estate agents to help you find that pricey holiday villa or apartment. But if you want to be able to buy up something that doesn't have such an inflated and unachievable price tag then look to less well marketed and tourist populated areas - find the next emerging market. Did you know that property in Northern Spain is a fraction of the price of property on the Costa del Sol, property in Northern Belize is a fraction of the price of property in the Cayes and property in central France is a fraction of the price of property on the Cote d'Azur for example? Did you know Croatia and Bulgaria have beautiful summer climates and stunning beaches? Be a proactive pioneer and seek out the most affordable and desirable holiday home hotspots and make today's budget go that much further. 2) Jet to Let If you need to borrow to finance your property purchase consider buying an apartment, villa or house that can easily be rented out during the peak season in your dream destination. The weekly rental income you can generate from your property purchase will pay off the extra money you had to borrow to buy your dream home now rather than waiting until tomorrow. Once the peak season is over and you've generated the highest rental yields possible you can free up the home for a couple of weeks and you can take time out to travel to it and enjoy an out of season break in your very own dream overseas home. Once the holidaymakers who let your home have helped you pay off your mortgage you can either continue to take an income supplement from the property or refuse to rent it out and have it all to yourself - either way, jet to let is the latest way to afford that second home overseas. 3) Pool Resources If you and your friends or family members all share the dream of owning a second home overseas you could consider pooling your financial resources together to get on the second home property ladder. This will enable each of you to make your financial contribution go so much further - and if you draw up a contract between you all at the start which details who can have access to the house during which weeks of the year there will be no possibility of arguments later on! 4) Get a Fixer-Upper Many first time buyers in the local market consider buying a home in need of repair, renovation or just a cosmetic overhaul. It's a well known fact that homes in need of some TLC get sold far cheaper than perfectly presented show homes. Well, the same applies in every house market regardless of where in the world you're looking to buy. Therefore spend a little time learning about the local real estate market in your preferred country, find out about average costs of houses and then look for homes priced under this ceiling?all of them will be priced down because they require work. Always make sure you get a survey done on any home you're interested in to ensure you're fully aware of the work required then get building quotes etc., and cost the work up - obviously the more work you can do yourself the less money it will cost - and then go get yourself a fixer-upper and use some of your holiday time turning your second home into your dream home. You will be amazed at how well you can potentially push up the value of a second home by taking this path - in many countries overseas run down homes are undervalued because local people have no desire to take on the work. If you put in the effort and turn the house around, when you want to sell it you will probably be handsomely financially rewarded! 5) Release Equity If you have equity in your principal home - i.e., your house is worth more than the mortgage you have on it - you could consider re-mortgaging to free up this equity and you could then use this equity for a second home purchase. There are some major considerations to think about before taking this path however because it involves increasing your debt ratio. On the good side you can often reduce your overall mortgage interest rate when you re-mortgage and you will be putting the money you free up straight back into property. On the bad side you will be increasing your debt and your loan will be secured on your primary residence. This option can suit many people but you should speak to a financial adviser before taking this path. Hopefully these five simple ways have given you some food for thought - there are many ways to stop putting off until tomorrow that dream that you could be living today. Why wait until you're too old to enjoy a home overseas before you buy one! Rhiannon Williamson is a freelance writer whose many articles about buying investment property abroad have appeared in real estate and financial publications around the world. To read her latest articles about property investment in Cyprus visit this link: Property in North Cyprus
MORE RESOURCES: The dreaded Zillow ban is finally here. Here's what you can do Business Insider Zillow’s now enforcing its listings ban: 3 things to know - Real Estate News by RealEstateNews.com Zillow’s now enforcing its listings ban: 3 things to know Real Estate News by RealEstateNews.com Colorado mountain town real estate markets see surge of new listings, price drops — but is it a buyer’s market? SummitDaily.com Alexandria Real Estate: The REIT That Nobody Seems To Want (But Maybe Should) (NYSE:ARE) Seeking Alpha Rosa Hawes, trailblazing Dayton real estate pioneer, civil rights advocate, dies at 94 Dayton Daily News NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES DECLARATION OF REGULAR MONTHLY DISTRIBUTION PR Newswire Unlocking Japan's Dormant Real Estate Potential: Marubeni and Dai-ichi Life's Bold Venture - AInvest The Flathead’s Frozen Real Estate Market Begins to Thaw Flathead Beacon Here are businesses on the move in Marin, Solano and Sonoma counties The North Bay Business Journal Crow Holdings Capital: Specialty real estate surges as investors chase demographic-driven demand Private Equity Real Estate | PERE 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Nuveen: Leading the way in a changing real estate market Private Equity Real Estate | PERE Zillow readies for battle with Compass Real Estate News by RealEstateNews.com Egypt Sherrod Shares Heartbreaking News About HGTV's 'Married to Real Estate' Country Living Magazine LaSalle on real estate: the world’s simplest, most complicated asset class Private Equity Real Estate | PERE The Face of Real Estate in West Sonoma County pacificsun.com Texas Employees commits $483 million to real estate, private equity, infrastructure Pensions & Investments Post-Gazette journalists win national awards in coverage of real estate, religion Pittsburgh Post-Gazette Real Estate Transactions, June 30 edition Hopkinton Independent Rockpoint: Back to basics: Real estate’s next chapter will demand local insight Private Equity Real Estate | PERE Seattle City Employees slates €60 million for European real estate fund Pensions & Investments Real Estate Transfers: June 30, 2025 The Owensboro Times Alexandria Real Estate: Behind Fantastic Dividends, 3 Key Facts To Understand Its Resilience Seeking Alpha Two local real-estate firms merge to form Venture Fox Realty Group The Altamont Enterprise Brooks Ballard International Real Estate Celebrates Transition, LGBTQ+ Owned Business of the Year Award Recognition Business Wire NYLI CBRE Real Estate Fund Q1 2025 Commentary Seeking Alpha AXA IM names real estate heads for North America and Asia-Pacific Pensions & Investments Logistics and warehousing dominate Lehigh Valley commercial real estate market Lehigh Valley Business From lakefront real estate to iconic property ownership, Okoboji native helps lead region into the future SiouxFalls.Business Hyatt to Sell Playa’s Real Estate Portfolio Daily Lodging Report Real Estate: June 16 to June 20 Newport This Week A Long, Winding Path to Selling Real Estate in the Hudson Valley The New York Times In a gridlocked market, it’s time to take assumable loans seriously Real Estate News by RealEstateNews.com Form 424B3 Forum Real Estate Income StreetInsider NMPERA reveals $20m additional commitment to real estate fund Private Equity Real Estate | PERE Real estate tax deadline today Butler Eagle VPIC receives recommendation to commit $50m to real estate Private Equity Real Estate | PERE Buyers and sellers win in this unique real estate market in the Valley Wet Mountain Tribune Hyatt to offload Playa real estate, remain operator HOTELS Magazine HGTV cancels Atlanta-based show ‘Married to Real Estate,’ hosts say Atlanta News First Neuberger Berman Real Estate Fund Maintains Steady Monthly Income With $0.0312 July Distribution Stock Titan Amanda Carter: Premier Hervey Bay Real Estate Agent Redefining Client Success and Community Engagement GlobeNewswire Radio Real Estate 6/28/25 My Bellingham Now The Best Real Estate Agent in Douglas Lake: Katelyn Warren ACCESS Newswire Mansion in The Ridges hits the market for $9.8 M Las Vegas Review-Journal Apple spends $517 million on Bay Area real estate in a single week San Francisco Chronicle 20 Indispensable AI Tools for Real Estate Agents HousingWire Real Estate City of Oakland, CA (.gov) Jewish real-estate investors look to Israel amid Mamdani victory The Jerusalem Post Major Last-Mile Deal: Town Lane Acquires Massive 2.7M SF Industrial Portfolio in High-Growth Raleigh Market Stock Titan Real estate transfers in Adams County from June 16-20, 2025 Muddy River News |
![]() |
![]() |
![]() |
RELATED ARTICLES
Fixtures Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property. Be A Realtor With Curb Appeal Are you a realtor with curb appeal or are you more of a fixer-upper needful of updating?How you present yourself to colleagues, buyers and sellers, from the very first moment, will influence your sales records as well as the confidence and satisfaction your new clients feel. Even if you're a Realtor in demand, with more listings than hours in a week, you may well find areas that you can polish. Should you Sell your Home yourself? Should you sell your home yourself? Yes and no. Yes, you should leave the option of selling on your own open and no, you shouldn't rule out using the services of an agent to help you sell. Should You Accept A Full Purchase Offer For Your Note or Not? You could be facing a dilemma when considering payout options on selling your mortgage note! To accept a full purchase offer or a partial purchase offer is not always an easy decision.Sure, to take the full purchase option is an easy decision to make if you're holding a second position note on a property that doesn't have any equity after you add the first and second mortgages, but what if that's not your situation? Full purchase payouts can be good if your primary concern is to just get out of the note and be done with it. Sellers, Are You Having A Hard Time Selling Your Home? Sue and Chuck DeFiore have the perfect solution for you - Lease Purchasing your home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an agreement to purchase, or with an option to purchase the property. The Buyer (or Lease-Purchaser) pays to the seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on the home. Chapter One FSBO the Russ Miles thriller/mystery novel Chapter OneShe reached the phone on its second ring. "This is Tami!" She confidently answered. Home Sellers Warning for Young Families If you're thinking about selling your home and moving up, do your homework before offering your home for sale. Read the following story to see what can happen to home sellers who don't do their math. Real Estate Local FAQs. There are many frequently asked questions and any local real estate area. In our area here at the local Delaware Beaches, the most frequently asked questions are how to get a good deal and if there are any fixer-uppers available. Selling by Owner Escrow or Closing Checklist Home sellers should keep on top of their pending sale; especially when selling without the assistance of a real estate agent. Sometimes busy real estate agents forget to monitor all aspects of a pending sale. Home Inspectors: 5 Tips to Choosing the Right One Choosing the wrong Home Inspector can cost you a lot more than the fee you paid. If you choose a home inspector solely on price alone, your headed down a dangerous highway. Reprint Rights and How To Use Them To Generate A Steady Income I can't emphasize enough how important it is to have a step by step guide for sellers and tenant buyers. However, many of you are missing out on other income streams that these step by step guides can generate. Buying Property in Spain - How to Avoid Paying over the Odds Spain has a lot to offer Northern Europeans and until recently there was a marked difference between the price in their home country and a similar Spanish property. However many buyers have found to their cost that they paid way over the odds. How to Own a Dream Home in Spain Every year hundreds of thousands of foreign visitors travel to Spain to delight in the fantastic weather, stunning natural landscapes, excellent entertainment options and superb Mediterranean beaches. Many of these people dream of one day owning their own property in Spain, in fact Spain is now one of the most desirable second home and retirement destinations in the world. Should You Allow Buyer To Rent During Closing? It's not uncommon for an investor to sell a house and have the buyer request the right to rent and occupy the property while the closing is being completed.You're a bad guy if you refuse and often in hot water of you agree. Real Estate Investing Produces Extraordinary Profits Imagine making $5000 a year from real estate investing without recognizing you are real estate investing!Real estate values are so dynamic. The marketplace is always fluid and changing. Branded Email in the Real Estate Industry Branded Email in the Real Estate IndustryYou're in the real estate industry, and that means you've got a brand. Chances are, you've spent quite a bit of money to build that brand, whether it's through franchising fees, marketing, websites, business cards, other print materials, advertising, yard signs, and/or through other means. Notify Them When Youre Moving One of your first steps, when you're getting ready to move, is to pick up a stack of change-of-address cards from the post office. Yes, old-fashioned go-by-snail post cards! You'll want to notify everyone in your address book and also. Purchasing Florida Investment Property And Various Considerations Purchasing Florida Investment PropertyConsidering researching the purchase of Florida Investment Property or properties for sale in central Florida? Do you find yourself wishing you didn't have that lawn to mow and the constant upkeep on a home? Purchasing Florida Investment Property can relieve you of all those household chores but purchasing a Florida Investment Property requires you do some homework. You need to know what you are looking for in a Florida Investment Property. Condo Hotels Offer Luxury and Great Investment Potential Not Your Typical Vacation HomeWhat could be more perfect that owning a luxury vacation home at a landmark resort and receiving rent revenue whenever you're not using it? Condo hotels are the newest trend in vacation home ownership. Live in it when you're there; rent it when you're not. Real Estate Investors: How to Get a Powerful Marketing Education for Free I am a total geek.A few weeks ago, late at night, I wasn't in the mood to go to bed yet so I turned on the TV. ![]() |
home | site map |
© 2006 TIGER MEDIA |