Published by Jamie JemmesonOwners of overseas property are often little prepared for the extra costs associated with running another home, it has been claimed.Speaking to the Telegraph, Liz Wright of troubleshooting website for homeowners in France, Blue Baguette, said that people do not do enough preparation for the costs of running a home.She noted that often, people will not consider fluctuation in the rates of exchange when making currency conversions."They often don't realise what taxes they will have to pay, and calculate a budget based on the exchange rate when they bought their property - usually without a big enough contingency plan," she said.Often, people do not know what questions to ask regarding the running of a home, she added.Earlier this month, head of overseas at Rightmove, Robin Wilson, suggested that investors considering a mortgage for an overseas property should work with a foreign exchange dealer in order to limit risk and secure the best deals when making currency conversions.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site