Your First Home, Your Dearest Investment. Make It Wisely
We all yearn for that small nest sometime, somewhere in this world, with our own small families to inhabit it. The dream is lucrative and it is not very tough to find out a great place at some great corner of the world. Why some corner? How about an island? The Cayman Islands? For those who know about this place, would rejoice in agreement to its unmatched beauty. For those who don’t, the Cayman Islands is an epitome of perfection for buying a home and making a living. Now because we are basically choosing to talk about the home part, let’s focus on the real estate in Cayman Islands.
Making an investment in Cayman Real Estate is a good decision any day. Due to its tax-free structure, investment here is frilled out by huge benefits. There is absolutely no cap over investment limits. But one thing about the property in Cayman Islands is that things are extra-ordinarily expensive here. Premium would be a better term. Unless you are an experienced investor, the limiting cap benefit would not be of much use to you.
First time home buyers need to be a bit picky in nature to decide on making an investment. Every home you would be visiting as a part of your home choosing exercise, would be enough to get you soar sky high. As such, following are the three most important points you must keep in mind while buying a house in Cayman Islands.
*Decide on your financial strength. That does not just mean how much money you have for a house, it means how much you can happily afford, keeping in mind that there would be expenses post-purchase. Banks would give you their figures, your family would suggest something else, it would ultimately be upon you to decide.
*Count your needs. When we see something better, we are sure to like it more But that definitely does not assert the fact that we need it. When you are buying a home for the first time in Cayman Islands, possibilities are, you are still not very fluent with the investment pattern and necessities. It is better to buy the first home, keeping in mind all factors, and not just how good the place it. That could man compromising on a factor or two, for getting nearer to a more needful cause.
*Hunt for your Real Estate Agent. There is a huge clan of real estate agents in Cayman Islands who would be more than happy in helping you choose your first home. Choose your realtor carefully. It is better to have a realtor by your side, rather than just working with the ones who are working for sellers. Ask a lot of questions, lots of them, till you are satisfied that you are in the right hands.
There is a lot more to think, calculate and retrospect the experience of other first time
home buyers and your realtors before pinning up your final choice and declaring a house warming celebration.
Author bio – IRG is a known name amongst real estate agencies in Cayman Islands. Having worked with lots of sellers and buyers, the organization features and extremely reliable and ethical work culture.