CB-576 Beautiful, Custom Built 3 Bedroom Home

Listing ID: CB-576
Bedrooms: 3
Bathrooms: 4
Living Area: 2200 sq ft
Furnished: Unfurnished
Covenant: None
Pets: n/d
March 3, 2015

Contact Agent:

REMAX

General Sales Inquiries
RE/MAX Luxury Properties BVI

Phone: (284) 346-7080 or (284) 340-7060 or (284) 495-3003
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Description

Reasonably priced opportunity to have your own custom built, 2000 sq ft, 3 bed home. This beautiful, custom build, structurally sound private home is being offered for sale by a qualified architect/builder for one price of US $450,000.

Buyers would purchase land of their choice with cash or a bank loan. Buyers would also organize a pre-construction loan with a local Bank to pay the builder to construct the home. Within two weeks of the construction loan monies starting to be paid to the Builder by the Bank, construction will commence and normally be completed within a year.

The Buyer has some latitude in revising the floor plan layouts as well as making the home larger (or smaller) and negotiating a revised price with the Builder.

In the third phase of construction, Buyers have input as to colors on the walls, finishings on the floors (tile, wood, etc), type of kitchen and bathroom cabinets, lighting fixtures in the house as well as plumbing fixtures, etc.

An additional studio, one bedroom or two bedroom can be added below the house optionally at an extra charge to provide extra living space or to rent out. A swimming pool can also be added at an additional charge.

Buyers will also only have to pay stamp duty on the land, not the house and land which will result in a large savings.

The Banks vary in their loan requirements but usually require 10%-20% of the loan monies to be in cash or land equities in order to finance the loan. Buyers will also have to pay 4% (Belongers) up to 12% (Non-Belongers) BVI Government stamp duty on the land they purchase in order transfer the property into their name.

Once you have been pre approved at the Bank for a loan or have sufficient cash funds to buy the land and start building, contact us to view the various parcels of land available..

Location

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