Should You Buy Or Build In Antigua? - Tuesday Chat (Ep. 9)

Hey Everyone!

Sam and Nadia share their expert knowledge on whether or not you should build or buy in Antigua?!

Each week Sam & Nadia will delve into various topics related to property and real estate in Antigua and the Caribbean region, such as property market insights, investment advice, new developments, managing property in the Caribbean and much more!

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https://www.LuxuryLocations.com

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We are here for another discussion, focusing on the advantages of building a property in Antigua instead of buying a resale. In Antigua, there are reputable builders and developments that offer the opportunity to customise your home according to your preferences, especially for those seeking a modern design. Building a property can provide immediate capital gains once the construction is complete, as there is a limited supply of new houses on the market. Additionally, new homes require less maintenance compared to buying a pre-built property. Building from scratch allows you to personalise your home, incorporating desired features such as a master bedroom layout, barbecue area, sauna, or gym. New homes also tend to have better designs, with improved integration of indoor and outdoor spaces. The process of building a property in Antigua is often simplified and handled by a single contractor, making it less overwhelming for individuals located far away. In terms of cost, a reasonable estimate for a completed build is around $500 per square foot, considering the finishing details. However, prices can vary depending on the level of customisation and finishes chosen. It is important to establish a budget and communicate it to the builder from the beginning. Despite the potentially higher costs of building supplies, there is still potential for financial gain when choosing to build.