CB-584 Custom Build 2 Bedroom Town Home with Land

Listing ID: CB-584
Bedrooms: 2
Bathrooms: 3
Living Area: 1600 sq ft
Furnished: n/d
Pets: n/d
March 3, 2015

Contact Agent:

REMAX

General Sales Inquiries
RE/MAX Luxury Properties BVI

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

Buyers can contract to build these very reasonably priced 2 Bedroom town homes including land. Buyers can customize each home with choice of tiles, fixtures, kitchen cabinets, flooring etc. Come see these great valued homes!Various parcels of land are being offered for sale (approximately 1/10 acre) along with a 1600 sq ft two bedroom attached town home by a qualified architect/builder for US $305,000.

Buyers would purchase the land 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 8-10 months.

Buyers have some latitude on 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.

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% up to 12% BVI Government stamp duty on the land in order transfer the property into their name.

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

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