Real estate info/advice needed......

[Numb3r4]

That's good man all the best.
Post up some pics as you go along.

A little publicity never hurt!!!

[RedTiger]

Yeah Atlantic's energy and chemical plants are located on the other side of the island but their drilling rigs and production facilities are located on the east coast. We do not have natural gas on land or on the West coast, the majority of our gas finds come from the North and East Coast. Beside Petrotrin operates the West Coast and land anyway.

Also not always do folks stay in the complexes. There are instances where I know of Atlantic renting private houses to give to special folks they bring in on a temporary basis. I know of such instances in Gulf View La Romaine, they rent houses there for their people. Similarly I was suggesting that for this particular person. He could build a Guest house that serves two purposes a vacation home or specialty home services for the companies.

Ideally the best thing is to build a simple family oriented flat house. Flat houses are traditionally easy to build and maintain also they are better when it comes to landscaping and exterior trim two things that could draw customers to your property.

If you are going with 2 levels then be wary of cost. Also be prepared to wait for about 2 years as the Ministry processes your documents, drawings and permits to build. Seriously not a joke I know of three instances of persons telling me that it took them that long to get around to doing things. Now if you use architectural services they usually help you through this process, but as before beware of the cost of such a service. A draughtsman however will be significantly less however he is only responsible for the drawings done he will not undertake any other responsibility. Price may vary from one to the other, may be good to "shop" for a good one. If using a draughtsman then make sure the drawings are done electronically AutoCAD or AutoCAD Architecture.

Given the local climate please do not succumb to the temptation of giving a bribe or be convinced of administering one....

If you have difficulty deciding on a plan then get a book or magazine of Floridian Home planes RIK usually has these. This way you can educate yourself and be able to offer better inputs and not be subject to the opinions of those you hire (as you know everybody you hire these days has an opinion and think they could do better).

Good post ! A cost analysis is very important since finance is everything. $600K is a small budget for a 2-storey. For a little more you can buy a 2-storey in Mayaro.

[shake d livin wake d dead]

That's good man all the best.
Post up some pics as you go along.

A little publicity never hurt!!!

will do...

[Numb3r4]

Sadly money not good will and cheer makes the world go around.....


sigh

[shake d livin wake d dead]

Sadly money not good will and cheer makes the world go around.....


sigh

[Mr. Red Sleeper]

600k will give you about 1500 sq. ft of house with basic finishes.
No bells and whistles.

[Numb3r4]

Don't mean to nag but could you be a little more specific...what constitutes basic.....

[shake d livin wake d dead]

600k will give you about 1500 sq. ft of house with basic finishes.
No bells and whistles.

ah bit more needed if possible.thanks

[Mr. Red Sleeper]

"Basic" simply means that from the design stage, you're looking at keeping costs to a minimum.
Therefore, the focus will be on a cost effective but "workable" end product as opposed to the grandiose likes of someone who is a little less strapped with their budgets.

Roof design,Room sizes, material selection ,Doors,windows,tiles,joinery,ceilings, all finishes and fixtures, the choices of which affect the final construction cost of a house drastically.

Which is why in most cases, a predetermined budget should be established prior to any construction project and the design tailored to stay within said budget.

[shake d livin wake d dead]

makes sense...^

[Numb3r4]

Very true.....

But lets say we wish to furnish the house; basic furnishings that is...what would be a good budget for such things?

[shake d livin wake d dead]

prolly 750-800k

[Mr. Red Sleeper]

Very true.....

But lets say we wish to furnish the house; basic furnishings that is...what would be a good budget for such things?

About $400/sq.ft.

Top end, i.e. all tasteful finishes, fixtures, etc. cater for about $700 - $800/ sq.ft.

I must mention the above figures are approximate and are used to give an estimated budget.
They are subject to change based on fluctuation of prices that occur within the industry.

[Numb3r4]

I understand but helpful none the less.

Also I have heard of folks who;

1) Buy their furnishes abroad and ship in a container
and
2) Buy it online

What I want to know how much different is it from buying local at lets say Bhagwansingh's or Dansteel?

Feel free to leave your personal thoughts not just a factual response.

Is it just that people want to say they bought it abroad? You know a status thing....

[Mr. Red Sleeper]

Personally i don't think there's a big difference in costs between buying furnishing/fixtures abroad.Most people who area spending their hard earned money to build their lifetime investment aren't relying on an internet website to purchase house fixtures.
Therefore you have to add the cost of airfare, accommodations etc. for them and their "bosses" for abt a week to go shop around.
Then you also have to find out abt replacement parts for the purchased items and availability in trinidad.
I dont think that anyone wants to buy a fancy shower head and when/if it becomes defective, they then have to order the parts to repair it online and bathe with a bucket until then.

The people in my experience who bring in containers etc. are those usually who fly a lot and who also has consolidated shipments, or it costs them almost nothing wrt duties, shipping , etc.
The average man in the street aint bringing any container load of house furnishings IMO.

[RedTiger]

Personally i don't think there's a big difference in costs between buying furnishing/fixtures abroad.Most people who area spending their hard earned money to build their lifetime investment aren't relying on an internet website to purchase house fixtures.
Therefore you have to add the cost of airfare, accommodations etc. for them and their "bosses" for abt a week to go shop around.
Then you also have to find out abt replacement parts for the purchased items and availability in trinidad.
I dont think that anyone wants to buy a fancy shower head and when/if it becomes defective, they then have to order the parts to repair it online and bathe with a bucket until then.

The people in my experience who bring in containers etc. are those usually who fly a lot and who also has consolidated shipments, or it costs them almost nothing wrt duties, shipping , etc.
The average man in the street aint bringing any container load of house furnishings IMO.

Buying abroad better, you get your money's worth. You have more options. You would be surprised what the "average man and woman" doing regarding purchases from
abroad ! On the price of the house, give yourself a budget and move forward. Or price out everything you want with " plan in head " and see if you are willing to continue. The cost analysis is very important since your aim is an investment. You want a return on your money. Real Estate investing is pure " honey & milk " but you have to do your numbers ! And it is not for the "faint of heart" ... Read between the line Bro ! Good Luck & Much Success !

[Mr. Red Sleeper]

Please expatiate on your average man and woman issue and also the honey and milk.
Not sure i get you.

[RedTiger]

Ok give me a few ... ah start thread about FREE VISA .. ah leave it for a five to make a Radix
deal ... Hijack on the thread by some Valvoline Oil OPs ! and in broad day light ! Hold on, back
in a few ..

[RedTiger]

Ok, I will make it short & simple with an example or a case study: RASH Resort Ltd. The owner is an average person. Nice guy in my view, taken at face value, when last we met. Been years since I have spoken to him. He mentioned he lived abroad, had this dream as a businessman to invest in Mayaro. Similar to OP. He targeted his crowd and his motel on the beach is always filled. So that is the Milk & Honey, average man/woman story. He did not do it overnight ! Real Estate always pay off but you have to have deep pockets or access to adequate finance. The End.

[shake d livin wake d dead]

that's about right...well I'm going all out with this thing.so hopefully everything goes well..wud keep you all posted.

[pugboy]

if you willing to spend abroad, you can pickup a very decent apt in Miami for around $80k usd
many are owners are underwater and bank selling them directly WITH tenants in areas where working people will always rent

I know somebody who just bought 2,
the rent collected is a little less than what you would collect here
but you paying third the price for equivalent apt so no big deal

[shake d livin wake d dead]

where exactly in Miami...I'm used to Brickell side...My parents live there and those condos costing....

[shake d livin wake d dead]

pics of land

[Mr. Red Sleeper]

Facing North?
How far from the coast line?

[shake d livin wake d dead]

that shot was taken facing north,approx 5mins walk from beach.

[RedTiger]

5 mins TT country time or 5 mins city time ? Nice, get a soil test for foundation ( deep or shallow ) and for termites.

[pugboy]

if you and your parents in Brickell then you must know the warners and the dupreys
that is big money area

a lot of white collar people with good jobs live close to dadeland mall and areas of kendall there, heading in the direction of their jobs

where exactly in Miami...I'm used to Brickell side...My parents live there and those condos costing....

[Apollo Trinidad]

nice read

[airuma]

Ok, I will make it short & simple with an example or a case study: RASH Resort Ltd. The owner is an average person. Nice guy in my view, taken at face value, when last we met. Been years since I have spoken to him. He mentioned he lived abroad, had this dream as a businessman to invest in Mayaro. Similar to OP. He targeted his crowd and his motel on the beach is always filled. So that is the Milk & Honey, average man/woman story. He did not do it overnight ! Real Estate always pay off but you have to have deep pockets or access to adequate finance. The End.

This is the problem so many of us face, a source for our future problems that forces us to do things that we may never have intended to do. OP if you know the owner of RASH Resort Ltd. and by this I mean really good friends, calling each other at least once a week kinda thing, then you could assess whether you could accomplish what he did.
The fact is you have no idea what he did to get the money to build and maintain his resort for all the years (eating bread and butter and drinking kool-aid) and are now seeing it because it's profitable (honey & milk).
We will never notice the man walking or taking a taxi to work everyday for 20 years but the day he drives past with a BMW, man we all want ah piece of what he is doing but are not willing to do what he was doing for the past 20 years.
OP you have been given some excellent advice from Mr. Red Sleeper, don't ignore it!!

[shake d livin wake d dead]

if you and your parents in Brickell then you must know the warners and the dupreys
that is big money area

a lot of white collar people with good jobs live close to dadeland mall and areas of kendall there, heading in the direction of their jobs

where exactly in Miami...I'm used to Brickell side...My parents live there and those condos costing....

I know the cost of condos in and around Brickell,kendall and dadeland north/south...it's def not 80k(apt) as 1 guy said..so I had to ask.

@airuma points well taken from sleeper....