We're diving deep into the captivating world of private land in Aruba.
Private Owned vs. Lease Land: Decoding the Differences
In Aruba, both privately owned land and leased land play essential roles in the real estate landscape. Lease land, granted by the government to locals, offers a unique arrangement with automatic renewal every 60 years. When selling a property on lease land, you're only selling the property itself, not the land. Regulations, including home type and building size, vary based on the area. For future expansion, permits are essential.
Whether it's a lease or private land, the golden rule remains - LOCATION is key in real estate.
Unlocking the Potential of Private Land
Now, let's delve deeper into private land, where you have full ownership and the liberty to buy or sell independently. The type of land is crucial, with multiple categories available. If you're considering purchasing private land to build your dream home, you'll enjoy unparalleled flexibility, considering specific land regulations and location.
Certain private land may have time constraints on construction, while others allow full autonomy to build at your convenience. Investing in private land boasts several benefits, with the land's standalone value being remarkably higher due to scarcity. Privately owned land prices per square meter can range from $50 to $300, making it a highly coveted and valuable asset.
The Plethora of Private Land Options
Private land in Aruba comes in a myriad of forms, from expansive lots (above 600 m2) to smaller parcels (ranging from 200 to 600 m2). Some private land even holds commercial construction permits, unlocking possibilities for developing apartments, commercial buildings, and houses. However, the ultimate determining factor in your investment journey remains the LOCATION. Seeking advice from trusted realtors can provide unparalleled insights into private land opportunities aligned with your goals.
Essential Considerations for Your Private Land Investment
When exploring private land options for investment, certain critical questions require careful consideration:
1. Which sector houses the private land of interest?
2. What are the specific construction requirements?
3. For larger lots (above 10,000 m2), how many lots can be developed?
4. How much percentage of the land is dedicated to green spaces and infrastructure?
Embark on Your Private Land Journey with Us
If you're eager to discover the boundless opportunities of investing in private land, reach out to us. Our team is ready to guide you through the process, answering your questions and assisting you in finding the perfect private land or investment prospect.