You Only Have One Life, Let Your Caribbean Dream Come True

Turning your dream to Reality?Buying in the Caribbean

Buying a home in the Caribbean is something many people only dream of. A little determination and, some financial resources can easily make this dream become a reality. Those who buy real estate in the Caribbean do so for many reasons these include:

? A place to spend your retirement

? A purchase for investment purposes

? A second home as an ideal getaway

? To escape the rat race for a slower warmer pace of life

? To Return back home

Before you take that big step here are a few tips to keep your dream a reality, Generally your purchase will fall into the following categories

A home in a developer's planned "community."

A villa or other single-family home.

A time-share or condominium in a share format.

Here are a few more tips:

? Don't rush.

? Get familiar with the island and the type of properties you're considering.

? Research the residency rules for non nationals

? Know the people and the lifestyle.

? Get advice from a reliable source

? Select a reputable local lawyer

? Use respected real estate agent

? Don't let yourself be pressured by a pushy salesman.

Planned communities are springing up on Several Caribbean islands. These communities offer many amenities and the convenience of a planned setup. Some offer special medical plans for the retired .They're often quite luxurious and offer prestigious items such as big-name golf courses. Some properties are ready to move in; others you may need to build. Work with the developer; find out how long the building process will take and where and how the materials will arrive.

The Lakes Barbados is one such community

Caribbean Islands still offer value for money. Of course, the sky's the limit here - you can spend as much as you want to! But the fact is that you don't have to drop a fortune to get a liveable home. The home could also be used as rental property for one or more weeks a year, when you're off-site, and make money to help pay off the cost. Always be careful to choose a well-established agency to assist you if you decide to offer your home for rent. Understand local ways of doing business and local property conventions; in some cases, titles are leasehold rather than ownership. A good lawyer and established real estate agent are your best defense and safeguard.

We can put you in touch with reputable and agents for most islands.

No matter what type of home you choose in the islands, I know you'll be happy with your choice if you observe the guidelines and always remember the old caveat, "Let the buyer beware." Take precautions, educate yourself, get good advice and soon you'll be enjoying your own personal space on your favourite island!

Nicholas Marr Director Marr International Ltd a UK based property marketing company http://www.homesgofast.com

In The News:

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San Francisco Chronicle

South Lake Tahoe, Pacific Grove measures to limit vacation rentals winning
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Two California tourist towns could be on the verge of banning vacation-home rentals in residential neighborhoods. Ballot measures to phase out short-term rentals are narrowly ahead in South Lake Tahoe and well ahead in Pacific Grove. Both cities have ...
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NBC 6 South Florida

Cities Battle Vacation Rentals Through Fines That Often Go Unpaid
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It's a battle going on for years but not getting any easier. Cities like Miami Beach prohibit short-term rentals in residential neighborhoods because they are concerned about the quality of life for year-round residents. The effort has been criticized ...


That Oregon Life (press release) (blog)

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Business Insider

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Cincinnati.com

Airbnb: It might be harder for you to offer a short-term vacation rental with proposed Cincinnati City Council ...
Cincinnati.com
This story has been updated to correct the day the ordinance will be discussed at Cincinnati City Council. A recently proposed City Council ordinance could leave operators of short-term rental properties like Airbnb with a new set of regulations — and ...


VRM Intel

Vacation Rental Industry Loses Ballot Initiatives Around the Country
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“We are disappointed in the outcome of Tuesday's election,” said Greg Holcomb, government relations director for the Vacation Rental Management Association. “These results will have a severe effect on the local travel and tourism industry in those ...


Vacation rentals draw divided response
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The apparent success of an El Dorado County ballot measure eliminating vacation home rentals in South Lake Tahoe neighborhoods could provide a roadmap for Douglas residents who oppose expanding rentals into the East Fork Township. According to ...


Skift

TripAdvisor's Experiences and Restaurants Businesses Outpace Vacation Rentals
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TripAdvisor faces a quandary: It needs to have an alternative accommodations business to round out its hotel offerings, but rentals revenue declined and slowed the otherwise-positive trajectory of its non-hotels segment. While TripAdvisor is a market ...
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Policing Hawaii's Illegal Vacation Rentals
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Kauai and Maui counties have been more effective at eliminating illegal vacation rentals than Honolulu, where the city's Department of Planning and Permitting estimates 8,000 to 10,000 vacation rentals operate on Oahu at any given time. The biggest ...


San Francisco Chronicle

South Lake Tahoe ballot measure would ban most vacation-home rentals
San Francisco Chronicle
Long before Airbnb and VRBO came along, people had been renting vacation homes in South Lake Tahoe. The classified section of The Chronicle on May 1, 1962, advertised a new, four-bedroom cabin in South Shore near the beach that sleeps 10, with a ...
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