luxury locations issue 21

PROPERTY

BUILD OR BUY? WHY MANY CHOOSE TO BUILD THEIR DREAM HOME

H aving looked at some of the gated development communities in Antigua we now take a look at the potential advantages of building your dream property Opting for construction or off-plan acquisition in the Caribbean can present a distinct edge over securing an existing property. In regions like Antigua, the availability of untouched land and the ongoing development of secure residential communities have sparked interest in numerous prospective homeowners, making the decision to create their ideal property rather than settling for an existing one. While this might initially appear intimidating, it’s a well-established practice in the Caribbean, often bearing exclusive advantages. These appealing factors warrant contemplation: PERSONALISATION: Freshly built structures provide the chance to shape the property to your specific tastes, from the architectural blueprint to the final touches, thereby creating a bespoke living

environment to delight you and your family. Comparatively, pre-existing properties may necessitate additional time and financial commitment to refurbish and align the property with your aesthetic vision. New constructions often integrate contemporary luxuries such as smart home systems, energy-saving appliances, high-end kitchen equipment, and advanced security installations. CONTEMPORARY STANDARDS: Newly constructed homes are typically characterised by innovative designs, superior energy efficiency, and the use of building materials that adhere to or surpass current standards. Advanced construction methods and fixtures pave the way for architectural possibilities that were once unachievable, like large sliding doors, favouring an indoor- outdoor living concept. Moreover, these properties are often engineered to withstand natural calamities, an essential feature in a hurricane-prone region like the Caribbean.

REDUCED MAINTENANCE AND REPAIR COSTS: Freshly constructed properties generally demand less maintenance and fewer immediate repairs than older buildings, which might be fraught with outdated infrastructure like plumbing and electrical systems. This could translate to substantial cost efficiency during the early years of ownership. GUARANTEES: Newly constructed properties frequently carry warranties provided by the builder or developer, covering certain repairs or defects within a defined timeframe. This additional layer of protection offers reassurance that’s typically absent in older properties. CUTTING-EDGE AMENITIES: New constructions often integrate contemporary luxuries such as smart home systems, energy-saving appliances, high-end kitchen equipment, and advanced security installations. Such features can elevate the comfort and convenience levels for both homeowners and potential vacation renters.

78

www.luxurylocations.com