luxury locations issue 21

PROPERTY

However, every coin has two sides, and new construction is no exception. Fresh developments might encounter initial challenges, ranging from construction holdups to issues with novel infrastructure. There could be a lag before new communities find their rhythm, implying potential construction activity around your property for several years. Additionally, new constructions may carry a higher cost per square foot compared to existing properties. Ultimately, the decision to purchase a newly constructed or existing property in the Caribbean hinges on your personal preferences, financial capacity, and long- term objectives. For more in-depth advice on constructing a property or assessing whether this route is suitable for you, we invite you to reach out to us. We can provide a comprehensive overview of your options, assisting you in determining the best path for creating your dream Caribbean sanctuary.

CAPITAL APPRECIATION: Constructing a new home can potentially foster considerable capital growth. Often, the completed property’s value immediately surpasses the construction costs, promising instant capital gain. As the development matures, incorporating additional properties and amenities, capital gains usually rise more rapidly than the overall market. PROGRESSIVE CONSTRUCTION TECHNIQUES AND MATERIALS: Advances in construction methods over the past decade have significantly streamlined the building process on challenging terrains, like hillsides or cliffs, enhancing affordability. This progressive construction evolution has led to a marked increase in properties featuring extensive windows and large openings, encouraging ample natural light and heat control when required.

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