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Australia Vacation Rentals – The Popular Options Reviewed

It is vacation time and you have selected Australia as your relaxing destination. The idea of the Australia vacation rentals is to have the feeling that you are in a “home away from home.” Of course, before choosing this type of stay you have to know what your options are.In the whole of Australia there are generally two kinds of self served accommodations. There are the standard condos, cottages and villas in resort complexes and the free rentals offered directly by the owner. The former are more costly and are especially abundant in the big tourist hubs such as Sydney and the Great Barrier Reef. These are more costly, but you get a certain guarantee that the property is well managed and maintained. Also, you will have a variety of dining and entertainment facilities in close proximity in the complex. These types of Australia vacation rentals are perfect for large groups and especially for families with children. If you want to get a discount there you should book well in advance.Your alternative is to hire a property that is managed and rented by the owner. These are generally cheaper than the previous type and you can reduce the costs of your stay even further by opting for a place with more modest furnishing that is further away from the tourist spots. Another advantage of these Australia vacation rentals is that you do not have to deal with a travel agent or a hotel chain, but directly with the owner. There are numerous websites with lots of ads posted that offer you to contact the landlord directly and do not charge you for the service. This allows you to negotiate the terms as well as the price of your stay. Australia is predominantly a tourist country so the owners know how the whole bargaining process works and you can expect to make a beneficial deal.There are also certain disadvantages of hiring Australia vacation rentals from their owner. Unfortunately, some of the offers are fake or sometimes the owners are not really honest do not let you see the real condition of the property before you actually go there. Thus, it is always best to ask them about how well maintained the place is and to show you some recent pictures. Also, you must not pay anything before you and the landlord have signed a written agreement beneficial for both sides. Some websites offering vacation homes in Australia offer to offset this risk for you for a small sum. Such a guarantee will protect your deposit as well as protect you from staying in a property which is in poor condition.

Types of Property in Costa Rica

Real Estate in Costa Rica: Purchasing a PropertyYou’ve been shopping around Costa Rica for the perfect piece of real estate, and after looking at a number of attractive properties, you finally found it.What now?The first thing you should do is find out exactly what type of property you’re looking at. The following are the five major property types in Costa Rica.Fee SimpleJust like in North American and European countries, different property types have different laws and conditions attached to them. The most common type of property foreigners look for in Costa Rica is Fee Simple, or freehold ownership, which is the same as it is in the U.S., Canada, England and most other common-law countries. In short, the buyer has absolute rights to the property, and could do what he or she wants with it, subject only to the laws of Costa RicaConcessionConcession property is different, and refers to beachfront property. About 95 per cent of beachfront property beachfront property in Costa Rica is considered concession property. Ownership of concession property is essentially a long-term lease granted by the state.Another big difference between Free Simple and Concession properties, is while foreigners have the same rights as Costa Rican citizens with Fee Simple purchases, they do are restricted when it comes to purchasing concession property. Specifically, foreigners cannot be majority owners of a concession property, but can enter into a partnership with a Costa Rican citizen, with the foreigner having no more than a 49 per cent interest in the property.CondominiumAnother property type in Costa Rican real estate is condominiums, which differs slightly from what U.S. and Canadians might think when they hear the term.In the U.S. or Canada, a condominium would usually mean a large development of apartments or townhouses, and while that is the case in Costa Rica, it also refers to a specific law called “Condominium Law.” This law provides certain benefits to developers of a wide array of properties, including single-family residence projects, finished lot projects, condos, and others. The law allows developers to restrict and regulate certain aspects of the development. As well, it allows individual condominium projects to have their own by-laws, which can often restrict owners from certain projects that would not be in keeping with the overall look and style of the project.Untitled
A fourth type of property are untitled properties, which are not recorded at the Public Registry of Properties. In some cases, families will have inhabited these types of properties for generations, while others may have never been occupied. In summary it is best to purchase titled property in Costa Rica. The process to obtain title from a property that does not have feee simple can be a very long draw out affair.For more information please contact the law offices of Barrantes & Associates US/Canada 1-800-979-4174 011 506 2 256 3807 [email protected]

The Property Investment Market: 7 Tips for Successful Investment

The property market has always been a dream market for investors. Be it is a long-term property investment, a BTL property investment or even a student accommodation investment, it holds a good reputation for bringing handsome ROI to the investors.The latest figures from the government authorities tell us that the country is facing a continual shortage of houses. The Wall Street Journal reports that along the growth of the property market of the world, the lending on real estate, both commercial and residential, has also made a roaring comeback.If you are a novice who dreams of making a fortune in the property investment market or an established property investor, the following tips will keep you safe from taking wrong property investment decisions.1. Carry out proper market researchThe basic step, before doing any kind of investment in any sector, is that you should do your own research about the industry. The property market has always shown ups and downs and the nature and volume of the change fluctuate across the regions. Learn the current market trend and future predictions, made by the authorities, as well as gather information about the average market price of the properties in your targeted area. Conversing with the people living around your property area will help you to understand the current market price of the properties in that particular area. In order to understand the pitfalls and the future market trends in the property market, you can speak to people who have experience in the market and read journals and reports from various experts and authorities that are available both online and offline.2. Plan your budgetYou must be clear about your budget on your investment plan; otherwise you might end up spending too much money than actually required or even spending too less money that could have earned you more profit than anticipated. This is really an important matter to keep in mind that property investment is a long-term investment and you must make sure that you have enough cash reserves to meet the contingencies. If your buy-to-let property is lying vacant for a couple of months, paying the bills will seem impossible for you unless you have proper fund reserves. Never over-invest as it will make all your money tied up at one place when the market is down.3. Choose the right locationChoosing the property in the right location is a very important thing to remember while making an investment. When you target a property for sale or a buy-to-let investment, it has to be properly located considering its proximity to one’s basic requirements, such as shops, hospitals, schools etc. Buying a property within your accessible location will give you more control and confidence over your investment. The ‘location advantage’ is always directly related to the capital growth of the property.4. Use estate agents for finding the right propertySeeking the help of estate agents, to find your property, is never a bad thing if you are aware of the pitfalls very well. Being the professionals in the sector, estate agents know your targeted area very well and will be able to help you in finding the right property as per your requirements.5. Insure your property to avoid unforeseeable damagesYou do not personally know your customers of your property, so it is always better to insure it in order to avoid any disastrous damage. In modern times, insurance can cover you anything, including full house insurance, protection from different calamities, and insurance for the appliances inside the house. You even have insurance option to the loss of your house rent!6. Always negotiate for a profitable dealThere are too many players in the investment market due to its global appeal. This fact always gives the buyer the advantage of negotiation. The agents also would prefer to finish the deal as smoothly as possible. Your agent can depict you fancy pictures of the advantages of buying that particular property, don’t fall for their words, instead, and make a move based on your research and understanding; bargain for a fair deal.7. Get social around the people of your kindAlways try to connect with people who are already in the property business to get updates and the latest news about the property industry. Things like, participating in online forums and groups of landlords and joining various associations of property investors and landlords, increase your insights and make you sure that you don’t miss any leads and clues. The National Landlords Association, National Association of Realtors etc. are some of such associations and in each region you can easily find similar local associations of investors.Hence, before investing all your money in the properties, make sure that you have completed all the aforementioned steps to build a successful investment portfolio.