"Entrepreneurs spend their days managing business functions and finding ways to grow revenue. But at the end of the day, they really want a place to call home where they can relax. And, increasingly, that desire for a home base has led entrepreneurs to target locations abroad. With flexible work schedules and remote work options, it's easier than ever to live anywhere. Even so, mindful planning still must guide the buying process in attractive markets like Greece or Spain."
"How can you determine what a reasonable budget looks like? First, focus on keeping your personal and business expenses separate. If you're too relaxed about where you're withdrawing money, you'll never have a clear financial picture. Be aware that your budget will need to factor in more than the house ticket price, too. Budget for utilities and insurance, plus potential maintenance costs and property taxes. You may need to pay homeowner' association fees or cover the costs for a home inspection."
Entrepreneurs increasingly seek homes abroad as remote work and flexible schedules allow living anywhere. Planning begins with a clear budget that separates personal and business finances and accounts for utilities, insurance, maintenance, property taxes, HOA fees, inspections, and potential property management if the home is not full-time. Overseas down payment requirements can be higher, sometimes near 30% in Mediterranean markets. Buyers must validate income and readiness for ongoing payments. Every country has distinct tax and residency rules, and engaging a local attorney ensures compliance with legal and logistical obligations when purchasing abroad.
Read at GREY Journal
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