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Retiring in Belize: Should You Buy a House or a Condo?

Belize is one of the best places in the world to spend your retirement. From its affordability to the relaxed lifestyle and culture, a retirement spent in Belize offers financial security, a high quality of life, and the opportunity to create amazing memories.

The only problem is that choosing where to retire involves more than picking a location. You also need to think about properties and what type of home is going to fit your needs. If you’re planning on buying, rather than renting, you have two options: a house or a condo.

Both options  have plenty of pluses and few minuses to consider. It can be a difficult decision, so here are a few points to consider.

Easy Breezy Condo Life

Condos for sale are hot right now, with new developments springing up in some of the most sought-after areas of Ambergris Caye, Caye Caulker, and the Placencia Peninsula in the south.

If you’re considering a condo in Belize, it’s important to note that there are some differences between condos here and what you might be used to in the mainland US. The most important is size. While there are large luxury condos and penthouses available, most are much smaller, featuring only one or two bedrooms. This might make a difference for retirees that plan on hosting family and friends during their vacations.

Generally speaking, condos cost less than traditional homes in Belize. This will give you even more room in your budget to enjoy the island lifestyle, which many condos will put you right in the heart of.

Premier condo properties are located in the most beloved areas of Belize. Condo ownership puts you in the center of Belize culture, often with only a short walk to the beach and other favorite local spots.

Finally, condos are a low maintenance choice for retirement. There’s less worry about property maintenance and upkeep, which can be a huge relief when it concerns a foreign property.

Making a House a Home

While condo living is great, some retirees will want the higher level of privacy and homier feeling that only a house can provide.

Homes for sale in Belize offer significantly more space than condos. Many of the homes currently for sale have 3, 4, or even 5 bedrooms. There is plenty of space to make your own, and that includes the private outdoor area that you don’t get with a condo.

A house might be a better option for you if you plan on hosting house guests regularly, or have a special need for the extra space. If you’ve always wanted a seaside art studio or your own private study, a house can make it possible to live the retirement of your dreams.

With the extra space comes more work. Houses, over time, will require maintenance and upkeep, which can add up. Before investing in a home, you should feel comfortable about your physical or financial ability to keep the home in top condition.

If you have questions about what type of retirement property is best for you, we’re here to answer your questions. Contact RE/MAX Island Real Estate today and take the first step to retirement in Belize.

 

The decision to invest in Belize may well be one of the easiest and smartest decisions you make. It is fast becoming one of the most popular destinations in the Caribbean for vacationers as well as for those who work in global markets as an ideal place to call home. Being a part of the British Commonwealth brings added benefits that make doing business in Belize a snap: it is primarily English speaking, it enjoys a peaceful and conflict-free political environment, and its democratic climate opens the doors to opportunities from business sectors that go beyond the more visible markets of real estate and tourism.

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