Seanest - Jan Van Parijs Properties

What is Your Goal When Buying a House Abroad for Investment?

Every investment comes with all sorts of risks and rewards, and it is up to you to weigh up which investment option is worth its risks and which will work best for you. Other than stocks and bonds, IRAs and other cash based investment options – there is also the the choice of investing in tangible assets.

 

Property is a tangible asset and can be one of the best investments for soon-to-be retirees. Buying a house abroad is something that is getting more popular in the UK, and this is because the housing markets have stabilised since their turbulent post-2008 years, but the prices have remained relatively low when compared with those in Britain.

One of the most important aspects to keep in mind when buying a house abroad is to define your goal. Why are you buying a house abroad? How are you going to buy it? Where is the best location, and so on.

 

Freeing up your funds

 

Buying a house abroad means that you are going to have to free up some funds in order to put down a deposit, do renovations, or some of the many myriad things that generally come with investing in a property.

One of the best ways to free up some funds for a second home is to downsize from your current home to something smaller. You can then use the money that you make on the sale to put towards your new investment abroad.

 buying-a-house-abroad.jpg

 

Supplementing your retirement income

 

Many retirees avoid stocks and bonds and other investments that could be affected by the volatility of the finance market. Unfortunately, this closes off quite a large portion of investment options. Property however, is a tangible asset, and is relatively risk-free and makes an attractive investment option for retirees.

Not only can it act as a second home, buying a house abroad is a great way to supplement your retirement income. When buying a house abroad, the best investment choice would be to invest in a tourist hotspot. This means that you can charge a high monthly rent, and your home is unlikely to be empty throughout the year. It’s an excellent avenue to generate some extra cash during your golden years.

 

Spending more time with your family

 

If you are buying a house abroad with the goal to spend some more time with your friends, family and loved ones, then you need to look for a family-friendly abode. Location is also important if this is your goal in buying an investment property. Somewhere close by that the whole family can take a short flight to means that it is easily accessible and will be used more often.

A second home in a foreign country isn’t just a great investment for finance reasons, but can also provide sentimental use as a family holiday spot, and something that you can leave to your loved ones.

Investing in foreign property isn’t a simple process, but it is one of the best investment options out there for retirees. If you want some more information, advice, and ideas about buying a house abroad then have a look at our guide The Retirees Guide to Investing in Property. Our blog is also filled with great ideas, tips, and tricks for retirement, investment and property for sale in Costa Blanca

 

 

Subscribe to our blog

Experience the Costa Blanca

Subscribe and you'll receive information on the real estate sector, interesting content on Calpe, Altea, Benissa, Moraira... and its surroundings, special offers and much more.