Written by: REM Services
Summary: Learn how to retire in style with a property on Grand Cayman.
Anyone who’s ever been to the Cayman Islands knows that they can be one of the most serene and relaxing locations on Earth. It’s an excellent place to retire, offering rental income as you age and a calm getaway for later in life. Properties don’t carry annual taxes, so once you pay the duty on sale you’re done with most financial obligations outside of maintenance.
If you plan to retire outside of your home state, A Grand Cayman property listing can offer immense value over your lifetime.
Modern Living
Newer properties are already built with eco-friendly accommodations and infrastructure. Solar panels are fairly common, and alternative heating and energy systems are not too far behind. An investment in a Cayman rental usually nets you a property that is fairly new, and equipped with the latest in modern gadgetry to ensure lower upkeep costs.
Property Management
One of the biggest deterrents to owning property away from home is how deeply involved one has to be in its day-to-day maintenance. Cayman Islands residential leasing companies handle that for you. You invest a portion of your rental income each year into a management company that helps grow your rental income and keep your property attractive and well maintained.
Final Thoughts
Grand Cayman is thriving, thanks to a banking industry in rapid recovery and a growing torrent of international tourism. Rental properties will see high demand in the coming years as the island sees greater numbers of visitors. Those who purchase now get their properties for an affordable rate, and can enjoy a greater appreciation of their assets. Properties can even be passed down to family members, who can sell or inhabit them as they see fit.