{"id":4063,"date":"2012-01-17T11:01:53","date_gmt":"2012-01-17T16:01:53","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=4063"},"modified":"2012-01-17T11:01:53","modified_gmt":"2012-01-17T16:01:53","slug":"that-elusive-view","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/that-elusive-view\/","title":{"rendered":"That Elusive View"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Margaret Summerfield at Pathfinder International penned a great article on what to watch out for when buying that pre construction condo with a view or one set back from the ocean with a “green area” in front that could turn into another building.<\/p>\n

Jim buys a pre-construction condo. On paper, it looks great. The artist\u2019s drawing shows his condo looking out over the beach, with views of the golden sand and deep-blue sea. But when Jim gets the keys, he finds that his condo only faces the beach on one side. Sure, he gets a beach view – if he leans out over his balcony.<\/p>\n

Mary\u2019s bought her dream home, and she\u2019s already moved in. She loves its location. She loves the price. She loves the spacious open-plan layout. She loves the over-sized terrace, where she knows she\u2019ll spend most afternoons gazing at her panoramic ocean view.<\/p>\n

Two years later, Mary\u2019s fallen out of love. A new residential tower, heading for completion, blocks her view. Instead of sparkling sea, she\u2019s looking at her neighbor\u2019s kitchen.<\/p>\n

Karl\u2019s penthouse condo came with giant picture windows, framing a magnificent view of jagged Andean peaks. The developer promised that Karl would always keep that view. But now Karl\u2019s windows frame another condo block\u2026built by Karl\u2019s developer.<\/p>\n

How can you protect the views from your overseas home – or even make sure you get the view you\u2019re promised in the first place? It\u2019s not easy. But these five tips should ensure you buy a property with views that are less likely to change.<\/p>\n

    \n
  1. Be critical of advertising<\/strong>. When buying a pre-construction unit, remember that strict advertising standards don\u2019t apply in much of the world. Unscrupulous developers sometimes promise ocean views and beach views that they can\u2019t deliver. Renderings sometimes show a gorgeous beach view, even if your unit faces the city.\n

    To avoid this happening, attach renderings and floor plans of your unit to the contract. In the contract, ask that the developer delivers that layout with those views. Most importantly, visit the site of the project to see if the wide beach view exists. Believe it or not, I\u2019ve seen “beachfront” projects, without a beach in sight.<\/li>\n

  2. Next, ask the developer what he plans to do with any green space<\/strong> close to your unit. Don\u2019t rely on it staying as green space – his plans may include building more homes there in future. Similarly, ask about vacant lots close by for sale. Find out what owners can build on those lots, and if that will impact your view.\n

    Similarly, pay a call to the local municipality. Ask about local zoning, permit regulations and planned development in the area you\u2019re buying in. Find out if someone can build a higher tower in front of yours. Ask if local plans include a new oceanfront highway, giant mall, or anything that would impede your view. And ask your attorney if local laws give you any kind of legal right to a view.<\/li>\n

  3. Don\u2019t assume that if your home sits right on the sand, you\u2019re safe<\/strong>. In many countries, the property on the beach closest to the high water mark falls into a “concession” zone. It\u2019s not secure, titled property. Local governments grant a concession or lease on this zone, for temporary structures or tourist ventures like a beach bar or a hotel. I\u2019d normally recommend avoiding concession land. But if it\u2019s right in front of your beach house, buy the concession, simply to stop anyone else doing so -and spoiling your view.<\/li>\n
  4. Buy in a fully developed location where you\u2019re happy with your existing view<\/strong>. If you buy in a city location with lots of new condo towers around you, that\u2019s unlikely to change.<\/li>\n
  5. Buy where it\u2019s difficult to build in front of you: <\/strong>Frontline on a boardwalk, alongside a river or next to a national park.<\/li>\n<\/ol>\n

    With some properties, the view is the most important attribute. A stunning view adds significantly to a property\u2019s market value, too. It\u2019s worth taking the extra time to investigate, and figure out if that will likely change<\/p>\n","protected":false},"excerpt":{"rendered":"

    Margaret Summerfield at Pathfinder International penned a great article on what to watch out for when buying that<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8,40,38,10,12,39,46,34,33,82,62,21,42,16,29,27,18,22,19,47,26,49,14,11,6,105,20,51,25,31,7,32,15,44,17,35],"class_list":["post-4063","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-azuero-penninsula","tag-beach","tag-boca-chica","tag-bocas-del-toro","tag-boquete","tag-buenaventura","tag-caribbean","tag-casco-antiguo","tag-casco-viejo","tag-coffee","tag-coffee-in-panama","tag-energy","tag-estate-homes-in-panama","tag-estate-planning","tag-exchange-property-in-panama","tag-fantasy-island","tag-foundations","tag-hydro-electric","tag-investments-in-panama","tag-island-property","tag-islands","tag-labor-in-panama","tag-legal-issues","tag-offshore-real-estate","tag-panama","tag-panama-canal","tag-panama-economics","tag-panama-hotels","tag-panama-jazz-fest","tag-panama-property-exchange","tag-panama-real-estate","tag-pedasi","tag-tax-issues","tag-travel-to-panama","tag-trusts","tag-venao"],"yoast_head":"\nThat Elusive View - 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