Vernica's Journal

Investing with a vision is about cultivating a vision for the future. This approach is not just about reacting to the present but proactively shaping the future for your real estate investment. Therefore, I am sharing my top five (5) reasons why buying preconstruction in the Turks and Caicos may be a good choice for you. Top 5 benefits of buying preconstruction:  1. Savings. If you need more time to save, buying pre-construction gives you more time to pull that money together over time. PLUS you will be paying in installments, so it’s like a payment plan without interest. 2. You can save on stamp duty . Most pre-construction agreements allow you to pay for the land upfront, and then enter into a construction contract. By closing on the land first, your stamp duty is only payable on the land, instead of the overall cost of the home being purchased. 3. You have an opportunity to make changes. Although the developer is giving you a completed set of approved drawings,...

Thinking of purchasing development Land in the Turks and Caicos Islands? 3 Things to think about when buying. When embarking on the journey of purchasing development land, several critical factors can shape the success of your project. Here are key insights to guide you through the process: Understand Zoning Regulations: Start by confirming the zoning regulations of the land. Determine what is buildable and ensure it aligns with your development vision. This step is crucial to avoid complications and ensure your plans are feasible within the designated zoning. Government Liaison with Invest TCI: Streamline your development process by collaborating with Invest TCI. Their expertise extends to government liaison and immigration matters, providing invaluable support in navigating the bureaucratic landscape. This partnership can help you overcome regulatory hurdles seamlessly. Legal Guidance from an Attorney: Engage with a seasoned attorney specializing in land development. Your real estate...