Buy an existing home or by land and build your new home
Todays world, no matter where in the world you live is becoming more challenging by the day. It doesn’t matter if you live in Europe, South Africa, the United States or elsewhere, you are probably thinking it’s time for something else.
The Caribbean and Central American Countries offer in most cases an attractive alternative, with better weather, sandy beaches and a more relaxed lifestyle. Depending on what your “New Lifestyle” will be, generally based on your source of income, your choices may vary.
If you choose to purchase a existing home it is generally a “target rich environment” becasue over the past years new home starts have jumped. With the turnover of people who built homes say 7-10 years ago or more are selling and moving on. “Snow birds” too are deciding as they progress in years, it’s time to move “home” to be near family.
The problem with many of these homes is the amount of money that has been put into them, and expected to be gotten from the sale. Prices can range from $400,000 to $1,000,000 or more U.S. If you have that much available to you, you probably will find something that works. However, if your plan is to think smaller, more moderate in your build, to match your budget, you need to be looking more at land and building something.
Here on the mainland in Southern Belize, Placencia Peninsula, you can still find reasonable building lots for sale. There are still Caribbean Sea front building lots reasonably priced from $230,000 to $400,000 to build your home. Building lots on or near the Placencia Lagoon can range from $20,000 to $100,000, many with Sea Access.
Many visitors from other countries, especially the U.S. and Canada come to Belize to look at buying land or a home, and are under the impression that they can get a home or building loan. This is a misconception, because there really isn’t a bank that offers foreigners loans. However, many times, building lot owners will offer owner terms with a substantial down payment.
So, that being said, it may be a good idea to invest in a building lot, and build a home of your choice now, or at some time in the future.
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or Buy the paperback book and it will be delivered to your door in a few days.
Is it time to start taking action, for you and your family? Probably a good idea to start looking at possibilities seriously. You don’t want to be caught saying,
If only I 🙂