When you are seriously contemplating making a real estate investment in the Cayman Islands, there is a lot that you need to closely consider. Like any large purchase in your life, this one shouldn’t be done without proper planning and due diligence.
That is why we have created this list of five key points you need to consider when purchasing Seven Mile Beach condos for sale. Seven Mile Beach is easily one of the most popular locations in the Cayman Islands for both tourists and residents alike. For newer residents especially, however, Seven Mile beach condos are on their radar more than most other locations and property types.
So, without further ado, let’s hop into our five points to consider when purchasing a Seven Mile Beach condo!
1. Grand Cayman
Location, location, location! You need to seriously understand the area you are purchasing property in. First, you should consider the island on which you would be living, which is Grand Cayman.
Grand Cayman is the largest of the three islands and has the Island’s capital city, George Town. The entire island has a population of over 67,000, which makes up the majority of the entire territory’s population (69,656 as of the Cayman Islands Preliminary 2021 Census Report).
There is a whole lot to love and admire about this island, such as Bioluminescent Bay, stunning beaches galore, remarkable wildlife, fantastic restaurants, entertainment, and a peaceful yet bustling capital city. However, there is a whole lot to love about Cayman Brac and Little Cayman, too, like tranquility, nearly untouched nature, a lower population, and more!
It’s important, then, to do your research on these three islands and ensure that Grand Cayman is the right one for you and your family.
2. The Proximity to George Town
George Town is the Cayman Islands’ capital city with a population of 34,399. It’s the largest city on all three islands yet boasts a tranquil beach town atmosphere. There is also a great deal to eat, drink, and explore in the city.
If you feel like you’d like to be closer to a city environment, then Seven Mile Beach is the place you should be after, as the two locations are just 5 miles driving distance from one another. However, you should take heed of specifically how far you’d like to be from George Town since Seven Mile Beach is 5.5 miles long (contrary to the name!).
3. Your Budget
One of the most important points to consider is your budget. Think about how much you have in savings for a down payment, talk with a mortgage finance officer, browse the prices of all the Seven Mile Beach condos for sale to get a grip on the typical costs, etc. If you ever have any questions about this process, you can talk with real estate agent professionals like those at Crighton Properties.
4. Your Overall Preferences in Bedrooms, Bathrooms, etc.
While mulling over your budget, you should clearly indicate what you’re looking for in your condo. How many bathrooms and bedrooms do you need? Do you want an open floor plan? Do you want to look over the beach or have an inland view? What about design style? Having the answers to these questions and others like them because it will make the decision process significantly easier.
5. Your Real Estate Company
As a foreign buyer, you will need to work alongside a reputable, knowledgeable, and passionate real estate group. That is without question the professionals over at Crighton Properties. They have decades of experience in linking their clients with Seven Mile Beach condos for sale and other stunning properties throughout the Islands.
Give them a call today at 345-949-5250 or send them an email at [email protected]. They can’t wait to help you find your tropical dream home!