Consider Condominiums for your second home purchase on
the Island of Dominica
By Fitzroy Bertrand
It is no wonder retirees and middle-aged professionals look to the Island of Dominica when
choosing a location for their dream homes. Many Dominicans after having lived abroad in
Europe, USA, Canada and other Caribbean islands are looking for a retirement paradise, or wish
to make their second home an island home. But what home style best suits the homebuyers’ new
needs.
Consider the Advantages of Home on the Island of Dominica
Beautiful topography, 365 clean and clear rivers, mountain and sea breezes are only part of the
attraction to the largest English speaking eastern Caribbean island. Reasonably priced homes and
property, as well as high interest on savings, no estate tax, no capital gains tax, no death dues are
some of the reasons that Dominica is considered one of the best real estate values in the
Caribbean.
Weigh the Advantages of Condominium
Avoid the primary pitfall of dream home building: becoming house poor. The cost of an upscale
condominium can be less than half the cost of a single-family home. Many who purchase single-
family homes end up overspending their budgets, not utilizing the whole house, becoming house
poor and enslaved to their new dream home. That is not the kind of retirement or “dream” home
most people picture.
Instead, consider the advantages of condominium living. Make the best possible investment of
your money without overextending yourself. The money saved on a condominium purchase as
opposed to a single-family home can be used for luxurious amenities in your condo, for
traveling, or for a boat purchase. Now that’s the way you imagined your retirement in your
dream home!
The building headaches with single-family homes as opposed to condominiums are all but
eliminated. Your biggest building decisions will be in selecting among a few well thought out
design options.
The condominium management takes care of all the hassles of homeownership for yo