Exciting - you’ve decided to pack up and move to the Cayman Islands! You’ve become the envy of the neighborhood. What with all the excitement and anticipation of having your toes in the warm sea, there may be a couple of crucial facts that might be helpful to consider.
What’s next? What should you have in place to make it as stress-free and successful as can be? First and foremost, have you found a place to stay? Our team of Real Estate professionals here at Engel & Völkers can help you to find the ideal location to make this Caribbean island called Grand Cayman your home! There are many options available, including a house of your own or a condo (on the beach or otherwise). There are many benefits to both options, and its best to do your research beforehand so that you’re not finding yourself in a place that doesn’t suit all of your needs. Many condos are going to carry strata fees (owner and maintenance fees) or also called HOA fees, as well as utilities which may be billed separately. Maintenance and landscaping won’t be something you have to worry about if you are renting as the landlord will take care of that. In a Condo, you will be required to conform to the strata regulations, which doesn’t suit everyone, and some may prefer to own their own home. This doesn’t come without maintenance, however, and the costs of owning a home may also add up to what would be Strata fees. But there is more freedom in home ownership, which some may find attractive.
Have you decided what you’re going to take and what to leave behind? Living in the Cayman Islands has many benefits, but some things that you love about your home country, you cannot readily find. You may decide to have some items such as furniture and vehicles shipped over to you, as it may be cheaper to ship what you have then selling the old one and buying on the island.
Do you have children? Have you decided where the best place for them to continue their education is? The Cayman Islands have meager crime rate and is an excellent place to raise children. Schools will either follow the British system of education, or the American and find what will make the smoothest transition is essential for their well-being and happiness.
Do you have pets? The Cayman Islands have a strict pet and import regulations when bringing in a dog or cat. Spend the time to do the proper research to avoid any heartbreak or undue stress when the time comes to making a move. It is also important to think of their well-being as well; a Siberian Huskey may not fare so well in ninety-degree heat.
Do you have contacts, ways to network? This can be especially important when moving to a new country, as learning the ins and out (and the best deals and where to avoid) is critical! Making new friends who know the lay of the land can be priceless! Moving to a new place shouldn't be daunting, instead, with preparation and a little bit of local knowledge, it can be the best experience of your life! Make moving to the Caribbean and especially Grand Cayman can be an exciting and fulfilling adventure!
Heidi Kiss, Broker, License Partner and Advisor