Relocating to Cayman? Find a Rental Home in Seven Mile Beach
Are you thinking of relocating to the Cayman Islands? The white sandy beaches, rich history, and peaceful life in the Cayman Islands attract people worldwide. Whether you plan to retire in the Cayman Islands or have managed to find work out there, finding a home is essential.
Finding house rentals in the Cayman Islands won’t be a cakewalk; not saying it is impossible, but you need to be proactive and patient. Planning is the key. You need to plan well in advance and start looking for a rental home at least five weeks before moving to the Cayman Islands.
It might sound like a lot of hard work right now, but you need to keep your eyes and ears open, and everything will fall into place. We have a few tips for you to find a rental home in the Cayman Islands.
1. Pick your neighborhood
The neighborhoods in the Cayman Islands will have you spoilt for choice. Each area provides a unique living experience. The Seven Mile Beach is famous for its beautiful, white sandy beaches with luxurious condos, providing you an experience that blends the charm of city living with the tranquility of island life.
George Town is for those who love the hustle and bustle of a city coupled with numerous opportunities. South Sound is perfect for families who want relaxed living while enjoying proximity to George Town. People who want to immerse themselves in the rich cultural history of the Cayman Islands will prefer Bodden Town.
Make it a point to research thoroughly before picking a neighborhood. There is no point in feeling sorry for yourself once you have signed the rental agreement. Consider factors such as convenience, public transportation, distance from school/work, parking space, location, etc.
2. Don’t procrastinate- act fast.
No matter the time of the year, there is always a demand for rentals and properties. Due to the large number of people moving to the island each year, rental prices are soaring. Monthly rentals increased by 20% in 2019, and this trend is expected to continue because more and more expats and tourists visit the Cayman Islands each year.
Everyone wants a great house, especially families, but you need to be quick when the demand is high, and supply is less. In the quest for better options, you might lose out on current offers. At the same time, don’t settle for something you dislike. Find a balance and grab the deal.
3. Other costs
Once you find the perfect property for your family, including all the amenities, parking space, etc., you will be required to pay one month’s rent in advance as a deposit and rent for the particular month. Ensure that you have the necessary cash to make the payment. If you already have a job, then it won’t be a problem because your bank account would have been created.
Be prepared to shell out money for other costs like insurance, utility bills, furnishings, pet-care, etc.
4. Test ride
The sheer variety of properties on the islands can leave you in awe. All the signs that say — Homes for sale might be tempting, and you may want to buy one. Think about it for a moment — You have moved to a new country, totally unfamiliar with the culture and how things operate.
Live in a rented home for a while, understand how things work in the Cayman Islands, experience the culture and what the islands have to offer. Based on your experience, you can make a decision. If all goes well, you can buy a home in the future. Drive a Toyota Yaris before you buy a Mercedes Benz AMG GT.
5. Trust the experts
It is hard to find a home on your own and that too in a foreign land. You are already at a disadvantage because you are unaware of the local culture, rules, regulations, and the real estate market. Don’t think about the commission you would have to pay to the agent.
Trying to save a few bucks here and there may prove costly in the long run. A reputed real estate agent knows what he is doing, plus he has a lot of contacts that can prove beneficial for you. Moreover, the agent can suggest what is right for you and show you more properties than you could explore on your own.
Relocating to the Cayman Islands is a tricky affair, especially if you are not familiar with how things work out there. Place your trust in a knowledgeable and experienced real estate agent who has your best interests at heart. Patience and timing are the keys. Your dream rental property awaits you.
