Beachfront Property Guide » Beachfront Condos

Finding Cheap Beachfront Condos for Sale

Jack — Tue, 30 Mar 2010 04:08:42 +0000

It’s not always easy to find affordable beachfront property, especially in the United States. Many of the premier spots have long ago been discovered and developed and the deals are long gone. However, one of the ways you can get great deals, even in mature markets is to find preconstruction beachfront condos for sale. Condo units that are in preconstruction will be significantly discounted compared to what they will be when the units are finished. Buying a preconstruction beachfront condo isn’t for everyone and there is a degree of risk involved, but most astute investors can make huge returns with them.

Condo units that are in preconstruction are priced at such a discount because the developers that are building them need funds for construction. This is for many reasons. Banks generally require at least a degree of funding before they will issue a loan to develop a property. Developers want to get to this number as quickly as possible so that they can break ground and ultimately sell their units and make a profit sooner. Because of this, they’re willing to offer significant discounts to people that are will to share the risk with them.

Despite the big discounts, buying units in preconstruction isn’t for everyone. Specifically, it is great for people looking to invest, but not a great option for people who want the home for their own personal use. Investors can use the property to flip or as a rental property. Because of this, the unit only has to be something a certain demographic or the general public will like, not something that the individual investor has to like and live with every day. You also generally won’t be able to move in for a year or two, a time frame that will discourage many individual property owners.

Beachfront Condo Construction

If you’re an investor, buying oceanfront condos in preconstruction is almost like buying an option. Because you only need to put down a small amount of the final price at the beginning, usually around 10% of the final price, you stand to get huge returns, or huge losses if the property market collapses. Since most of your gains in preconstruction investment will come from this leverage that you can receive, it’s imperative that you study the market before you put one penny down. Here are the things that you should look for in a good property market.

The first thing that you need to look at is the oceanfront condo unit itself. Is it something that the general public will want to buy? What is the target demographic that you can expect to sell or rent the property to? Why would they want to rent this property. Before you buy any property make sure that you know exactly who you’re planning on selling or renting the condo to and why they would choose your condo over other locations or even other condo units in the same area. You should have a firm answer to all these questions before you continue.

While you’re investigating who will buy the beachfront condos that you’re looking at investing in, also do a through backgrounds check of the developer that’s in charge of your property. The developer should have a strong track record and be in good financial condition so that you can be assured they can get the building done without running into financial trouble.

Next, look at the other building supplies in the pipeline for your area. What other condo buildings, housing developments, or other infrastructure will be in place when your condo unit will be ready that can impact the property value of your unit. Ideally, you want to find an area that has improving infrastructure to attract more people or make it easier to get to but some kind of constraint on development, making sure that supply is limited.

Finally, especially if you’re looking at buying property outside the U.S., the local property market should be fairly liquid. This means that there’s lots of buyers and sellers and there aren’t any major obstructions to buying or selling property. In some countries there are restrictions on foreign property ownership, so make sure you take this into account before you sign your final papers.

Where you’re looking at investing in preconstruction beachfront condos, there are several things that you should look for. First, make sure that you know who wants to buy your property and why and the financial state of your developer. Next, look at the market. The market should have several characteristics to make it a good investment. These include a abundant supply of buyers, supply constraints, liquid transactions, and of course an appreciating market. If you follow these tips you should be well on the way to finding a great beachfront condo for a cheap price that can net you a nice healthy retun once construction is finished.

Beachfront Property Thailand

Jack — Tue, 02 Feb 2010 14:12:11 +0000

Thailand attracts millions of people to the shores of its pristine islands every year, and for good reason. The tropical weather, friendly people, crystal-clear blue waters, abundant coral reefs, and world class beaches where you can pitch your beachfront umbrella and relax seduce many people into staying for longer than their planned vacation. In fact, the Thai embassy in Vientiane, Laos is filled almost every day with foreigners doing visa runs to extend their visit to Thailand past the thirty day they are allowed when they enter the country. If you’ve fallen in love with the country as well and would like to buy some beachfront property in Thailand to come back and visit, your best option is to buy one of the many condominium units that are available in major tourist resorts.

Thai law, like the law in many developing countries, severely restricts the amount of land that foreigners can own in the country. However, while you can own actual pieces of land, what you can own is a beachfront condo. Foreigners are allowed to own condos in Thailand, so long as they don’t own over forty-nine percent of the total building. While you won’t be able to have a home right on the sea, having a condo to visit a few times out of the year, is the next best option. But, before you jump in headfirst, there are a few rules you need to follow to quality for condo ownership.

Private island off Ko Chang, Thailand

The biggest restriction on foreign land ownership is that you need to pay for the land in your foreign currency. This means that you much transfer your foreign currency – not Thai baht – to a bank in Thailand and have it certified before you can pay for the property. There are several steps involved in this process.

First, you must obviously open a bank account with a Thai bank and then transfer funds from your overseas bank into the account that you just created. You then need to obtain a Tor Tor 3 form from the bank to pay for your condo unit. To quality for this form you must transfer over at least the equivalent of $20,000 to your bank account, so make sure your transfer is at least this much. The bank should be able to help you with this process.

Once you have to money transferred over, but before you buy the your dream condo, make sure that the title is clean on the property you’re looking to invest in. Make sure that you are dealing with the actual developer of the property and not someone else and also make sure that the property doesn’t have huge mortgages or outstanding debts against it. Next, you will need to work with the developer to draw up a sales agreement that you both will sign. After this all that’s left is to make the payment in full and then register the sale with the Thai Land Office to transfer the deed to your property.

These are the essential steps in buying a beachfront condo in Thailand, but rules are always subject to change. Make sure that before you enter into any agreements that you consult with local real estate agents and lawyers to make sure that the contracts that you sign are legal and that you are buying property that is actually valuable. A trusted real estate agent will be invaluable in finding your dream Thai beachfront property.

Costa Rica Condo Rentals: Ideal for Vacationing or Investment

Jack — Fri, 08 Jan 2010 07:20:18 +0000

Costa Rica is the most visited country in the Caribbean. Over two billion US dollars is spent on tourism here every year by people who come for one or several of the country’s incredibly scenic attractions. There are very few places in the world that are as diverse as Costa Rica within such a small area. There are miles of white sand beaches along two coasts, volcanoes, and scenic mountains. In a few days you can hike through cloud forests, go river rafting, and experience some of the best scuba diving in the world at a fraction of the price you would pay for such activities in the United States. Costa Rica is also a great discount golf vacations destination as well. Whether you are just going to Costa Rica for a short holiday, or are trying to buy a property that you can use for an investment, Costa Rica condo rentals are sure to not leave you disappointed.

If you’re vacation plans are taking you to Costa Rica, there are many reputable internet sites that you can visit to find condos and reviews of them from past tenants. They’re a fairly cheap option, costing around $1200 to $1500 for an entire week, for what you get. Condo owners are generally fairly good landlords, because they visit the property a few times themselves every year, and make sure everything is in working order and kept up. Many condominium complexes also give you access to some great facilities, such as a swimming pool, spa, high speed internet, and parking free of charge. Most also have various security measures, from guards to cameras up so that you can rest easy at night.

If you’re a prospective beachfront property owner looking to invest in Costa Rican real estate and use it for a few weeks out of the year, finding a condo to rest is also a good idea. If you won’t be spending a lot of time in the country, condos are definitely a much more practical option than buying sprawling villas in gated communities. They will have lower property taxes, lower upkeep, and will be much easier to find tenants for. Because the Costa Rican real estate market is still expanding, you should be able to get a good return on the property and on renting it and have a great vacation spot to top it all off. If you still want a taste of the good life, there are many luxury condo units available as well. When you’re searching for a condo, a good place to start is the internet, but it’s always a good idea to visit the site first before you sign any papers. Keep in mind a list of all the features you want in your unit, from floor space to beds and baths, whether you want a beachfront condo or not and if you want a balcony or not. Expect to pay around two million to eight million US for a condo, depending on the location and how lavish it is.

Costa Rica condo rentals are great for both the week long vacationer and anyone looking to buy a piece of real estate in one of the most beautiful countries in the world. Vacationers get a relatively cheap, safe, clean place to stay for their vacation, while prospective landlords will get access to the upside of a great real estate market, a great place to vacation, and a way to pay for maintenance and upkeep costs. Costa Rica may have become famous for its gated communities and huge villas, but for most people a beachfront condo will be the best option.