Are you having trouble finding the perfect house, villa, or condominium to buy in the British Virgin Islands? If so, you might be wondering about the feasibility of buying BVI land instead, and building a home to suit your tastes exactly!
Indeed, you can save money when you purchase raw land and custom-build your own house, because the stamp duty or transfer tax is charged only on the value of the land. And you’ll pay a greatly reduced property tax annually as well, at least until your house is completed.
The land-buying process is basically the same as for buying an existing house (what we refer to as a “resale home”) but there are some interesting rules and restrictions:
A breach of these conditions may result in the BVI government placing a restriction against the property.
We at Emerald Properties BVI will be glad to help you choose from the many good architects on the Islands, who fully understand the design requirements that will be approved by Town and Country Planning for buying BVI land.
A simpler, more cost-effective alternative to building your new home the traditional way is to contract with one of the local builders. They provide the land for you to buy, and give you a choice of various home designs. They will then build and customize your home for you.
This can reduce or eliminate many of the unknowns with building to suit, and you will be working with a reliable builder who can deliver a quality home to you on schedule. We have several builders in our virtual Rolodex that we can recommend if you are interested in a smoother, more predictable way to have a custom home built on your own land.
For building materials not available here, you can have them shipped to the BVI from anywhere in the world.
Call or contact Emerald Properties BVI 284-541-6861; your trusted partner for finding that special dream property to buy in the BVI. You can rely on our expertise to help you understand BVI real estate rules!