Building and managing two homes across two countries can be as challenging as it sounds but with remarkable benefits and investment returns. Acquiring land, getting the right construction team for building a new home, and managing a house in a foreign country needs adequate planning and resources.
Whether you’re a property investor or a homebody looking for a new home in a different country, it’s crucial to understand the processes from the word go. Below, we share some key tips for building a new home and managing two homes in different countries without strain.
Get the Right Building Team
If you’re starting from scratch, successfully building a new home in a foreign country needs the backing of a strong team of professionals who understand their craft. They should also maintain high professionalism and trust so you can rest assured that your project will continue running even in your absence.
Whether it’s a building supply distributor or a construction contractor you’re sourcing for, getting the right team will save you time and money in the long run. You can always research the country’s construction policies and culture to know how to get off with your project correctly.
Embrace Automated Payment
Handling construction and property management finances can be hectic, especially when two countries are involved. You need to automate your payment processes to ensure recurrent payments are made on time for a seamless construction and property management process.
Your bank should advise on the charges involved and what payments you should automate. Some common ones you can consider automating include insurance, utility, community, and management fees. If renting out any of these properties, set auto-reminders so your tenants can pay on time.
Become an Active Member of Both Communities
While maintaining physical contact with both community members can be challenging, you can stick to active virtual meetings and calls. Even when you’re away, maintaining communication helps preserve a valuable sense of connection and inclusion.
It also makes it easier to manage your home project from thousands of miles away if someone is trusted to report the unfolding events. On your return, you should prioritize attending community events and linking up with your peers to solidify your connection further.
Employ Relevant Technology
Technology is crucial for successful property management, especially in far-off locations. Whether it’s property management, communication, or security tools, investing in relevant technology ensures your property is safe and management activities run seamlessly. From your phone’s comfort, you can virtually control who accesses and enters your home with the help of smart cameras and smart locks.
Additionally, you can use motion sensors and alarm systems to help beef up security while away. Active programmable thermostats will also help reduce energy costs by up to 10% per year while improving your indoor air quality while away. The right tools and a set of trustworthy people are all you need to keep your home safe and other projects active while you focus on your core business elsewhere.
There’s no reason to hold back on your dual-country real estate investment dreams, especially if you have the requisite resources. Working with the right team of professionals sets you up for a successful and seamless building and property management endeavor. Remember always to maintain active relationships while embracing new, relevant technologies that will place you on top of operations.
Featured Image by R Architecture on Unsplash