Location, location, location… Where should I buy a vacation property in Jamaica?
Places like Montego Bay offer great vacation home options. It’s literally close enough to the business districts while being only a stone’s throw away from beaches and world famous restaurants.
Do’s
It’s important that you spend some time in the areas you are looking to purchase your vacation home. Remember, not all that glitters is gold. So, be sure to interact with locals in that area before committing to buying that property. Ask as many questions as possible, trust us!
Don’ts
Equally as important, is coming up with a list of deal-breakers … If you don’t know where to start, you can always borrow our list of deal breakers:
• High crime rate
• Lack of basic infrastructure (roads, bridges etc)
• Flood-prone
STEP 2: Calculate the cost – Can I really afford a vacation home at this time?
Certainly owning a second home, especially a vacation home, can be very costly. But we encourage you to contact your financial adviser or banker and “run the numbers.” That way you’ll see if this is something you can truly afford at this time. It’s very important you know ALL your costs associated with taking possession of the property.