Archive for holiday homes

3 Reasons We’re Investing in the Tropics (and You Should, Too)

a-home in tropics

If you’re like most people, you’ve gone on vacation and thought “I wish I could live here year round.” But then that rat race mentality kicks in, and you start thinking that the good life is too good to be true. What if you learned of a place that’s tropical and exotic, but still close to everything familiar, a place where you could retire while you’re still young enough to enjoy it? Well, we’ve found it, and it’s not some mystical land that’s far, far away. In fact, it’s practically in your own back yard.

The Grand Cayman Islands are a haven for people who want to enjoy a slice of the good life, and the living is easy. It’s also a lot more affordable than you’d think. It’s normal for the uninformed to think of buying real estate in Grand Cayman as a tax shelter, and that may be part of it, at first. But the fact is that most investors are there for the long haul; what was intended as a vacation home or a property investment quickly becomes an affordable way of life.

Her are the top three reasons that we’re making the Cayman Islands our new home, and you should, too.

1. Favorable Tax Laws

This is the initial draw, so let’s get it out of the way. The tax laws in Grand Cayman are very favorable for the small investor. The government imposes no tax assessments or capital gains taxes, and if you decide to lease your property in the off-season, you’ll pay no tax on the income. The tax and land use regulations are especially friendly toward foreign investors.

2. Stability

The government and economy in Grand Cayman are some of the most even and stable in the world. It was originally a British territory, and although they are self-ruled, their laws and governing style is modeled on the Brits’ way of doing things. It’s also a society where people from all over the world live in harmony; you won’t find the social upheaval that you see in other island nations.

a-beach

3. Location, Location, Location

Where else can you find a stable, peaceful and affordable tropical paradise that’s just a short boat ride away from the US mainland?

The key to investing in property in GC is to invest for pleasure, not for gain. RE/MAX Cayman Islands is an example of one of the many companies from the US mainland that can help you make your dreams of cheeseburgers in paradise come true. In the end, having a great life is all about quality. If you have the opportunity to grab your little piece of heaven, take it; you only live once.

Cayman Islands: A Tropical Paradise

First seen by Christopher Columbus, Cayman Islands is a tropical paradise that offers wonderful adventures for the entire family. Made up of three islands, the Cayman Islands are perfect for outdoor activities in a warm, sunny climate most of the year. You can explore some the world’s most beautiful beaches in a laid back, tropical atmosphere.

a-beach cayman island

Seven Mile Beach

Seven Mile Beach, on the western shore of Grand Cayman, is a favorite destination for locals and visitors. This beautiful sand and coral beach has been named by Caribbean Travel and Life Magazine as the best beach in the Caribbean. Seven Mile Beach is lined with lovely resort hotels and Cayman Islands residential rentals, great restaurants, and beach bars where you can relax and enjoy Caribbean cuisine and nightlife. Whether you prefer a delicious gourmet dinner or a cookout on the beach, Seven Mile Beach offers beautiful Rem Services amenities with tropical island ambiance.

Stingray City

Located in the northwest corner of Grand Cayman, you’ll find Stingray City on the North Sound. If you enjoy diving and snorkeling, you don’t want to miss this beautiful beach. With warm, shallow waters that are crystal clear, you can experience stingrays in their natural habitat year-round. Stingray City is a popular destination for underwater adventurers who enjoy the beauty of nature at its finest. While snorkeling, you can actually feed hungry stingrays who will eagerly take food right out of your hands. The stingrays are used to underwater visitors and greet them with a gentle approach and curiosity.

Rum Beach

If you’re looking for a quiet adventure off the beaten path, venture to Grand Cayman’s Rum Pointe. This beach offers astounding natural beauty with clear, blue waters and white sandy beaches. It’s the perfect place to relax and enjoy a quiet walk on the beach or a Caribbean sunset. Located on the north side of the island about 40 minutes from George Town, Rum Pointe offers visitors relaxing lounge chairs and hammocks to soak up the sun or nap in the shade. There are also boat rides where you can take a look at the beach from the water.

a-cayman beach

If you’re looking for a beautiful, tropical destination, Cayman Islands is the perfect place. Year-round warm weather, crystal clear waters, and cool ocean breezes will engulf you and provide a relaxing atmosphere where you can enjoy this tropical paradise.

Unique Weekend Getaways Near New York City

Whether you are a native New Yorker or just in town for a visit, the city can take its toll on you. Luckily, there are a plethora of options for unique and fun weekend getaways, within two hours of the city. Whether you are looking to explore the great outdoors or pamper yourself with spa treatments, you can find a quick getaway that will fit your needs. Try one of these three ideas for your next weekend trip.

Mohonk Mountain House in New Paltz

Nestled in the Catskill Mountains of the Hudson Valley, along the shores of Lake Mohonk, this Mountain House in New Paltz is located just a 90 minute drive from New York City. This historic resort provides guests with an idyllic getaway in its 265 room Victorian castle accommodation. For vacationers looking for something all-inclusive, this is certainly the route to go. The resort is fully equipped with onsite restaurants serving all meals and an in-house spa with 16 treatment rooms and an indoor pool. In addition, the resort can organize a variety of activities for you, including horseback riding, skiing, golfing, ice skating, and hiking.

Fire Island

For a more laid-back weekend getaway, try visiting Fire Island. Located just 90 minutes from the City via train and ferry, this national park is actually a 32-mile long island, entrenched in historic and natural beauty. With a number of local bed and breakfasts, visitors have many options when it comes to accommodation on the island. Attractions include the Sunken Forest and the iconic lighthouse built in 1826. Visitors enjoy shopping at the many boutique stores and relaxing on the beach as well. Interestingly, for those who are daring enough to go nude, there are several clothing-optional beaches on the island as well.

Hudson Valley Wineries

Wine enthusiasts will be happy to know that the Hudson Valley wine region lies just a 90 minute drive from New York City and provides a number of options for wine tasting and quaint accommodation. With over 20 wineries located throughout the region, a weekend of tasting is just within reach from New York City. There are numerous wine trails to explore, though the Dutchess and the Shawangunk are two of the most popular. Both trails feature approximately 12 to 20 wineries along the route. Many guests choose to stay at bed and breakfasts or local inns in the region and travel by car from winery to winery. For those who do not have a designated driver, there are also a number of tours, which include transportation to selected wineries and loads of information about the wine making process and region along the way.

Variety Of Ways To Save With Vacation Clubs

Vacation clubs provide a variety of ways in which to save on hotel fees, airline flights, restaurants and more. There are many different options to choose from, which can seem confusing if you are not sure exactly what you’re looking for. Here are some typical types of vacation clubs with a brief explanation to make the process easier.

Perhaps the Most Common Type of Vacation Club

Many people are familiar with how timeshares work. Owners usually pay a yearly fee in order to obtain the rights to a specific property within a predetermined time-frame. For example, an owner might have rights to a condo in Aspen for the second week of February or a log cabin in Tacoma for a specified week in October. Timeshares are transferable and can be leased to other vacationers at any time.

Clubs That Offer Exclusive Private Residences

Whenever a member purchases a destination club, they receive an exclusive private residence. An initiation fee is required that is often less than what the price of a timeshare would be. However, the price of nightly rental might be higher. Accor vacation club memberships is an example of a company that offers destination club packages. There might be different types of destination clubs, such as pay-as-you-go, non-equity and equity memberships. The benefit of this type of club is that it allows for more flexibility in that members can select from different locations, accommodations and even specify the date they wish to arrive. It is a great option if you want the benefit of going on vacation on your own terms.

Clubs in Which Members Own a Percentage of Property

Members of fractional clubs maintain a percentage of a specified property for a certain amount of time. The time-frame in which they can visit the property is solely based on how much of an initial investment they made. These types of clubs might be more expensive than other types because the investment is based upon the vacation property, rather than the amount of weeks the property will be visited. Members might also have to pay for yearly fees to maintain the property.

The New Generation of Vacation Clubs

With the birth of pay as you go vacation clubs, members can now put down a one-time initiation payment and then pay traditional nightly rental rates. Some types of clubs may require an annual fee to maintain membership. The main benefit of pay as you go clubs is that you can receive a significantly reduced initiation fee, without having the responsibility of maintaining the property because you will not have any equity in it.

Since there are many different types of vacation clubs that each offer different benefits, identifying what your budget will allow for, what your vacation preferences might be, what kind of upfront costs may be associated with the club, and which clubs offer discounts to your desired destination can help to make your purchase more attainable. If the time you want to go on vacation is the biggest factor, fractional clubs or timeshares might be your best option. If flexibility is your biggest concern, the pay as you go option might be better suited for your needs.