Why Some Investors Choose to Buy a Plot of Land in the Cayman Islands
When you visit the Cayman Islands, it’s hard not to notice all of the beautiful properties throughout Grand Cayman. Real estate in Grand Cayman makes for a spectacular vacation home, and a wonderful addition to one’s retirement portfolios. However, some investors are choosing to buy plots of land rather than homes already built.
Buying a plot of land gives you the freedom to build whatever you like. You can decide where your land is located, how much natural shade or wind exposure it has, the topography and more. Buying a home limits you to someone else’s idea of where you should live and what views you should have. When you build from scratch, you can decide where the master bedroom will be and what your view will overlook. That freedom appeals to people who want to build the ultimate vacation home.
When you decide to build real estate on Cayman Islands, you can build with eco-friendly living in mind from the beginning. That means more windows that let natural light into your space, solar as the primary power source and sustainable materials used as part of the construction process. Be warned that costs can be high, especially considering most materials will need to be imported, but the savings from building this way will typically pay the costs of those upgrades over time.
Is it more expensive to build from scratch or buy? It depends heavily on what you want to do with your land. Also, the freedom to choose often outweighs the costs. Those who choose this path often want more out of their property than a return on investment.
Bio: REMAX.ky specializes in both residential and commercial real estate in Grand Cayman. RE/MAX is dedicated to helping people find their dream home.https://www.honeymoonerchannel.com/why-some-investors-choose-to-buy-a-plot-of-land-in-the-cayman-islands/Uncategorized