- Architects and Permits
- Every building in the Bahamas has to first be designed by a Bahamian Architect. Buildings in the Bahamas have a very characteristic look. The exterior paint normally is some bright and luminous color, which goes well with the tropical sunlight that shines throughout the year. Although you can get an architect from anywhere in th Bahamas to complete your design, there are a number of local architects on Long Island who can more easily and at a lower cost travel to your site to complete the proper studies in order to develop the proper building.
- Although there are many construction companies on Long Island, there are only a handful of contractors who can see your build from start to finish. Keep in mind that the market rate these days can be anywhere from $150/square foot to $300/square foot depending on your needs.
- Financing and Import Taxes
- Most banks in the Bahamas will ask as much as 35% down and no longer than a 15 year loan profile. Cash is still king down in the Bahamas so start saving. Also, keep in mind that as off just a few years ago, all Import taxes for materials that will be used to construct a home were eliminated for Long Island. Keep in mind that before this legislation was passed, import taxes were as much as 45%! However, although this import tax has been levied, it still costs quite a bit to ship materials from the states to Long Island.