Whether you want to simply find yourself a home in an island paradise or you want to purchase a small island just for your own personal desires, it can be done. Of course, purchasing an entire island may not be in the budget for everyone, but there is no reason why you can’t have some of your own property in Antigua in the Caribbean.
What You Can Get
Since they are not making land the way God used to, it?s about time you get a piece of God?s earth to call your own. On any piece of land in Antigua, you get magnificent views of God?s creation stretching from one end to another.
And the beauty does not just stop at the landscape of Antigua as the Antigua Carnival is an event that truly shows the beauty of the men and women through dancing to African music. It is truly a sight to be seen.
What You Can Expect To Pay
The cost of the property that you look at in Antigua will depend on one thing normally and that is location. But that is just like anywhere else in the world as the location of the property is always a large determining factor in the cost of the land. Things such as the architecture styles of the house and how spacious it is will also play a contributing role in the cost of the purchase.
You will have to first purchase the Alien Landholding License which is around 5 percent of the value of the property. Then there is the Stamp Duty which is around 2.5 percent. And the Legal Fees which could be anywhere from 1 to 2 percent of the value of the property.
When it is all taken into consideration you may very well find yourself paying up to a quarter of the property value, just in fees and transaction costs alone. These are things to consider when shopping for the perfect property as it is always going to cost you more than the sticker price.
What You Will Do
Even though it may start to sound like a lot to deal with, investing in property in Antigua really is not too complicated, especially since the government welcomes foreigners to purchase land.
However, being an alien from another planet, er, country, you need to secure an Alien Land Holding License before you can proceed with the purchase. It will take at least 3 months to process so in the meantime, take your holiday in one of the island?s many rental villas.
Many wonder why Antigua is always promoted as the place to purchase instead of Barbuda, its sister island. The answer is simply, the purchase of even a single rock is prohibited in Barbuda.
Since real estate laws can get a little confusing, especially when you are purchasing property outside of your home country, you might need to think about hiring a property management service. This service can handle all of the fine print and documents so that the purchase of your new property is one that goes through without problems.
Once you have the deeds to the house and the land it is time to consider what your next step is. Is it to redecorate the house or to landscape the yard? No, it is to simply enjoy your newly purchased island paradise and relax some.
This antigua real estate article is brought to you by www.paradisepropertiesconnection.com
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