If you have been looking for a holiday home for years now and you can’t find one, then you do have the option of having a villa built especially for you. That way, the home will be built to your specifications.
If you do this, the home will be a lot more expensive, but it will be the perfect home for you and you might even have it for the rest of your life. Or, if you do sell it in years to come, you could make a massive profit on it.
The cost of homes is a lot different, depending on where you are looking to buy. If you live in a city, the cost of a small flat will be a lot more expensive than if you were to buy a home by the beach, in other countries.
This is because the housing markets are different and you get a lot more for your money in the foreign markets. Therefore, even though it will be more expensive to have a home built for you, it will be a lot less than you are expecting. You might even find that it is cheaper than your house at home.
Now, there are a lot of cowboys out there trying to scam foreign buyers. So, you have to make sure that you use a company that has a good reputation. They should have been in operation for many years and they will have an association with an estate agent.
You might be tempted to go with a newer company because they are offering prices that they are offering are extremely cheap. However, the concept that you should be thinking of is that if it is too good to be true, then it usually is. There has to be a reason that they are offering cheap prices. You don’t want to buy a house that could fall down any second.
If a construction company asks you for money upfront, then it is usually a scam. If the company asks for a small deposit to secure your home, then this is fine. You could expect to pay between 5-10% for the deposit. Any more than that and alarm bells should be going off.
The best construction company will have the money to build the home before you pay them a penny. If they mention that you need to pay so that they can build it, then you shouldn’t give them anything really. You need assurances before you hand over the money and having to give the construction company money to buy bricks, is not a good start.
The most professional construction company and estate agents will send you updates throughout the build. They might send you pictures as soon as certain parts are done. However, if you hand money over and then you never heard from them again, then you need to make contact and you need to try and get your money back.
If you have a construction company that it is constant touch with you and you even get invited to the site to see how the work is going, then you will know that you have a good team building your home.
The estate agent should be in touch with you as well because you need to make arrangements to go through with the sale. You need to secure your mortgage for a certain date, so they will need to give you time. It will be unprofessional of them if they contact you one day and they expect the money the following day.