When Are Cayman Islands Condos Worth It?

Posted by johnhrq on November 10th, 2020

Chances are, if you are looking at an article on the virtues of Cayman Islands condos, then it is not the location but the type of property you want that still remains to be determined. You’re not alone - lots of buyers from all around the world are drawn to the Cayman Islands. Whether it is for the varied landscape, interesting history, stable government, or safe communities, opportunities for investment in the Cayman Islands abound.

You’ve probably already made the determination that the Cayman Islands are right for you, and that’s great; you’ll be enjoying great weather and plenty to do. All you have left to decide is what island appeals most to you and then what type of property to buy.

However, the conditions surrounding the question of the property type won’t really vary by the island, so those questions can be squared away before you even try to figure out what island appeals most to you. If you’re kicking around the idea of investing in Cayman Islands condos, here are some situations in which a condo might be more valuable to you - at least more than a house or undeveloped property.

Condos are typically a part of associations, and the association will take care of some property maintenance for you. While this is valuable for any homeowner, it’s even better for those looking for a home away from home. If you will not be living full time in the Cayman Islands or you just want a vacation home, knowing that an association is looking after the grounds of your condo might be worth a lot to you as a buyer.

In addition, condos are also usually smaller than houses and are almost always more affordable. Again, this is valuable to buyers who are not going to live in them full time, but by the same token, if you have a busy lifestyle and don’t want to have to worry about taking care of a large house, the smaller size and more affordable scope of a condo might be more valuable to you.

Condos are also valuable for those who like to be in the middle of the action. If you like to be in the midst of a community or very nearby to one, then a condo might suit you better than a house. You’ll be much closer to your neighbors and some Cayman Islands luxury condos are near Seven Mile Beach or in George Town. There are plenty of other condos and other luxury properties for sale in the Cayman Islands’ other communities as well - this is just a short example.

Additionally, as condos are a part of an association, they will come along with amenities, such as a swimming pool, gym, and tennis court. While you would need to do some shopping around to find the development with the amenities that suit your needs, opportunities abound in Cayman Islands real estate.

These are some of the situations in which Cayman Islands condos might be more valuable to you as a prospective buyer than a house or a parcel of land. If you want to learn more about some of the specific opportunities available to buyers like you, contact Crighton Properties today to learn more.

A member of CIREBA with a long history of customer satisfaction, Crighton Properties has been putting buyers in touch with their dream homes in the Cayman Islands for nearly 50 years. Visit their website, CrightonProperties.com, where you can see some of their current listings, or give them a call at 345-949-5250 and speak to them firsthand about your goals. They’ll help you reach them.

For more information about Cayman Luxury Property and Cayman Real Estate Please visit : Crighton Properties Ltd.