How to Buy an Island in the Caribbean
If you have enough of a fortune to spend and you are a nature lover then nothing can be better than investing in Caribbean real estate. Buy an island and live with your loved ones, miles away from the anxiety and hustle bustle of daily life.
The perfect climate and landscape will make you feel like you are living in paradise. The additional benefit is that the local government gives tax exemptions to investors so it is a brilliant idea to buy an island in the Caribbean.
However you should go through the proper procedure to avoid any scam or other unwanted situation.
Instructions
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1
Decide your budget:
You will come across multiple options as the Caribbean is full of beautiful islands. To avoid the confusion, you should start by checking your financial state. You should not overestimate rather be realistic while deciding your budget. This will help you to narrow down the search and ultimately you will be able to make best out of this deal in much less time and effort. -
2
Make a list of options:
Your next step should be to do some research about the available options. You may contact an estate agency or just browse internet and you will find many websites dealing in Caribbean real estate. You should make a list of the islands that fall into your price range. -
3
Decide on location:
Now, when you have complete information of your budget and available island, it’s time to select a location. Browse the internet and you will find countless reviews on almost every island. However, you should not rely just on these online reviews. Visit the place yourself and then decide whether it lives up to your expectations or not. -
4
Check the ownership policy:
Sometimes, local authorities make changes in the ownership policies so you must read the relevant laws before making any decision. Make sure the local government has all the records and power to protect you from any fraud. The last thing you want is to lose your entire investment. -
5
Contact a dealer:
If the island is owned by some private party then you should engage a dealer. This is the best way to avoid any scam and minimise your efforts. Again, you should do extensive research to find a genuine dealer. Give the middle man all information about your requirements and preferred location. Make sure that you are following the legal procedure of buying and selling the property.
