Gone are the days when renting a property was as simple as making a request and getting approval from the landlord. In recent times, there have been many instances where tenants default on their tenancy agreements, causing a myriad of problems. Cases like this can get so serious that they make it to the press through court pages. If you are looking to rent a property in Barbados, you must have a genuine intention and be prepared to convince the landlord.
Landlords have come up with a new set of rules for prospective tenants to follow before they can be allowed into the property. The new standard includes submitting professional references and documents to show your financial capacity to pay the rent and take care of the property.
Here is a list of things that Barbados’ landlords are likely to require:
• Completing a rental application which would include your current home address.
• An employment letter that verifies your income or salary.
• If unemployed, a bank statement showing that you have enough money to cover the rent and utilities for the duration of the rental.
• A co-signor: this is someone (usually a friend or relative) that agrees to pay your rent if you are unable to pay.
• Professional References: this could be a letter from someone you know that can vouch for your good character (their names and contact information should be provided). Note that a reference from a former landlord can work in your favour with your new landlord.
At the moment, the Barbados long-term rentals market is very active and competitive. Ensure that you provide as much information as possible to show transparency and commitment to the tenancy agreement. One of the most important requirements is proof that you are financially capable to pay the rent and take care of the property.
Are you looking to rent a property? At Barbados Expat Homes website we are dedicated to helping expats from all over the world with finding housing on the island. We have been in operation for over a decade and a half, during which we garnered a wealth of experience and connections in the real estate industry with external realtors and all sought after developments/gated communities. Our testimonials speak for themselves. Contact us today to get started!
In this blog post, we tell you all you need to know before renting a long-term rental property in Barbados. We’ll take you through the important steps, like finding a reputable and professional realtor, viewing properties, making an offer, getting landlord’s approval, and signing the rental agreement. Each process is important to successfully renting a long-term rental property on the Island.
The Barbados real estate market is very active at the moment, which means properties are getting rented in little to no time. Do not embark on this journey without knowing what you want in a property. Indecision can be costly, as you may end up losing a good deal to your competitors.
Some properties have more selling points than others, which means that they are taken off the market within a short time. Properties with the highest demand are those in great condition and in good locations. Beachfront apartments and inland homes that are close to amenities are at the top of the list.
In recent times, real estate agents in Barbados are finding it difficult to meet up with the demands for rental properties as there are very few listings available. This is largely due to the 2020 launch of the Barbados 12-month Welcome Stamp Visa, which has allowed approval of more than 2000 visas for expats. This means that there are thousands of successful applicants in need of housing, with only limited resources available.
Hiring a Real Estate Agent or Company
It is best to hire a Real Estate Agent to handle your rental process; however, ensure that you choose someone that is right for the job. Do a thorough background check on the realtor to ensure that you are in safe hands. The best realtors have websites for you to read up on them and their services. It is also good to get reviews from their current or past clients to help you make an informed decision on whether or not to hire them.
A very important criteria is for the real estate agent to be a member of the Barbados Estate Agents and Valuers Association (BEAVA). Being a BEAVA member ensures that there is a high standard and code of ethics that must be duly followed. Also, the Association gives them access to a wider selection of properties from over 100 members, which in turn gives you a more listings to choose from.
Your realtor is going to organize viewing sessions for you to assess the available properties before making a decision. If you are on the Island, you can go along with your agent on a physical tour of the properties. But, if you are overseas and unable to travel maybe due to the COVID-19 pandemic, the realtor should be able to provide photos and videos of the properties. You can also do a virtual or live viewing to see the houses in real time.
Do not rush over this process, as you do not want to rent a property only to discover that it is in a bad condition. Take your time to check every nook and cranny of the house, making sure it is to your taste. Let your agent know all your housing and personal preferences, like if the property is within short distance to work or school, if the bedrooms are on the same level, and if children and/or pets are allowed.
You do not need to hire multiple agents, as one realtor can have access to properties listed by other agents. This is why hiring a real estate agent who is a BEAVA member is very important. Hiring more than one agent does not make your property search any easier.
Making an Offer
When you find that property that ticks all of your boxes, your real estate agent should be able to advise you on offers likely to be successful and what numbers to avoid insulting the landlord. Making an offer way below the asking price can jeopardize your chances of getting the landlord’s approval.
The next step is to complete the rental application. You need to provide both general and personal information about yourself during the application to sell yourself well to the landlord. You will need to attach a photo ID of yourself to avoid doubts. Adding references like a past landlord can also improve your chances of getting approved.
Once you have completed the rental application, the realtor sends a copy along with your photo ID to the landlord for their decision. A positive response means you can go ahead to sign the rental agreement.
Signing the Rental Agreement
The rental agreement is a formal contract between the tenant and landlord, confirming the terms and conditions for using the property. Ensure that you read through the clauses carefully before signing the dotted line. Once all parties sign the contract, it becomes a legally binding document.
Upon signing the rental agreement, you will be required to pay the first month’s rent and a security deposit. The security deposit is a sum of money held by the Landlord to cover cost of damages to the property during the course of living in the property. The deposit is refundable at the end of the lease, provided that there were no damages. Apart from these standard requirements, your landlord may make additional requests like paying up to two or three months’ rent before you can occupy the property, one being the security deposit.
Things to Consider
Here are some of the things to consider before completing a rental contract, as they can influence your decision.
Not all properties have insect screens fitted to the windows, so you will have to get custom screens installed.
Ask whether there are any strict laws binding on tenants or members of the community, especially if the property is in a development or gated community.
If the property is furnished and you sign a contract stating such, asking the landlord to remove some or all the furniture to make room for your own can be problematic. It is within the landlord’s rights to refuse such a request, as he may not want to sell the items. So always ask the landlord prior to renting the property, if they’re ok with removing some items.
You may not always have access to active utilities when moving into a property, so you must inform your realtor about your preferences regarding having the home internet ready at move in. The agent takes this into consideration when looking for listings. Utility costs are often the tenant’s responsibility, but in some cases could be included in the rental rate.
For more information about Barbados utilities, read our blog post about Utility Services.
Should I work with one real estate agent or multiple?
It’s really your choice but we suggest that you work with one professional real estate agent that you trust. If you work with multiple real estate agents, your property search could become quite duplicated as most reputable real estate agents are connected and network with each other to share their listings. Lastly, real estate agents rather focus on clients who are solely working with them, as that way they know they will get paid for their time and efforts.
What do real estate agents mean when they say they sent another agent a client registration?
Basically, this is the way real estate agents register their clients with each other, usually this is sent via an email. If a client registration is sent off and the receiving agent is already working with the client, then the registration is declined.
Could I hire one real estate agent and see properties even if the property is listed by another real estate agent?
Sure. The Barbados Estate Agents and Valuers Association has a membership of over 120 real estate agents who network and share each others listings. So, for example, if you are being represented by Beach Life Realty and Sunset Real Estate is advertising a listing that you are interested in. Once you are not already in contact with Sunset Real Estate, your real estate agent at Beach Life Realty will send a client registration email to Sunset Real Estate to register your name, once your name is not registered on their system already, it’s all good to go for your real estate agent to arrange the showing.
Keep seeing the word Exclusive on some real estate agents listings. What does that mean?
An exclusive listing means that all enquiries and showings must be handled via the main listing agent. The landlord has appointed one real estate agent to handle all activity for their property. If you already have a real estate agent that you are working with, no problem. Once you’re not already in contact with the main listing agent directly, your real estate agent could contact the main listing agent to arrange a showing for you.
The property status is showing as under offer, what does that mean?
Under Offer means that a prospective renter made an offer to the landlord and negotiations are happening. Usually showings are suspended during this time. If the deal doesn’t go to completion, then the property status changes back to available.
Are properties in Barbados pet friendly?
More landlords are open to allowing pets on property. Before booking a showing, be sure to query the real estate agent if pets are allowed. Usually, it would be mentioned in the property ads but better to be sure before viewing a property, falling in love then to get disappointed if pets aren’t allowed.
Are insect screens installed on all properties?
Not all properties, but most of the modern listings have insect screens installed. Insect screens could be custom made for some difficult window and door designs that don’t already come fitted with screens.
Could I get utilities included in the rental price?
Utilities are usually on top of the rental price but in some cases, it could be included in the rental price. Some landlords are open to the tenant paying a higher rent and then including the utilities but with a cap on electricity.
What is the meaning of semi-furnished?
Semi-furnished refers to the property having some appliances and a bit of furniture or in some cases could be appliances only and no furniture. Please note the contents will vary depending on the landlord.
How many months is considered as a long-term rental?
Long term rentals are considered to be at least one year or more.
I viewed a property with a real estate agent and I’m interested, could I revisit the same property with another real estate agent to negotiate a deal?
No. That would definitely be unethical and not fair to the real estate agent who first showed you the property.
Before I get official approval by the landlord I have to complete a Rental Application?
With some tenants defaulting and not paying rent as agreed in the rental agreement. Landlords are taking the screening process more serious than ever before. The rental application is simply information on yourself, preferred move in date and duration of time, name, age, nationality, job details, current landlord, professional reference and if you have kids or pets etc.
Why do I need to supply a photo ID along with the rental application?
Believe it or not, some prospective renters do rent properties and supply an alias name. The photo ID gives the landlord peace of mind that they’re renting to a legit person.
On signing the rental agreement, what payments are due?
On the signing of the rental agreement, the first month’s rent and security deposit are due. In some cases, additionally the last month’s rent but this depends on the landlord’s requirements that’s stated in the rental agreement.
The island of Barbados is known for its beautiful beaches, its wonderful resorts, and its gorgeous weather. However, Barbados is also home to some incredible farmers’ markets that are loaded with a wide array of delicious fresh produce. If you live on the island of Barbados, or if you will be moving there soon, then you need to know what the best farmers’ markets are. That way, you can consistently buy the best produce on the island. Here are the top five best farmers’ markets in Barbados.
Hastings Farmers’ Market
The Hastings Farmers’ is a vibrant and exciting farmers’ market that occurs every Wednesday, Saturday, and Sunday at the ArtSplash Centre in Hastings. This market is open from 8:00 am to 2:00 pm. Not only can you find many different fruits and vegetables here like pineapples, watermelon, papayas, cantaloupe, bananas, and more, but it is also a very nice way to spend a Sunday morning or early afternoon. There are always many high-quality vendors and you will be sure to find what you are looking for here!
Brighton Farmers’ Market
Located at the Brighton Plantation, the Brighton Farmers’ it happens every Saturday morning from 6:00 am to 10:00 am. This makes it great for early risers! This market is known for having outstanding local produce at reasonable prices. It is also known for having freshly prepared omelets, “Pilebucks” coffee, waffles, tiki pies, and even baskets, soaps, jewelry and more. You can even buy delicious fully prepared fish n’ bake meals. This market has been running for ten years and has become very popular.
The Cheapside Farmers’ Market is a popular famers’ market in Bridgetown. At this market, you can find many locally grown fruits and vegetables. Unlike other farmers’ markets on this list, this market has both an indoor and an outdoor area. So, it is a good place to go for great produce on a rainy day! This farmers’ market is open from 7:00 am to 5:00 pm Monday-Saturday.
Holders Farmers’ Market
The Holders Farmers’ was created in the year 2011 specifically to give organic farmers a place to sell their items to the public in Barbados. This market is located in Holders Hill on the Platinum Coast, and it operates every Sunday from 9:00 am to 2:00 pm. If you are looking to find the highest quality organic fruits vegetables, and juices on the island of Barbados, then this is a very good place to start your search. Many of the top produce farmers sell items here every Sunday. There is also commonly live music at this market as well, which makes it a nice place to spend a day.
Oistins Fish Market
This market is open every day of the week. It is located in Christ Church, which is on the southern coast of the island. In addition to a wide selection of fresh caught fish and seafood, you can also find excellent fruits and vegetables available for sale here. Oistins is also famous for the Oistins Friday Night Fish Fry, which is a must if you are in Barbados.
Warrens is a commercial district in Barbados with residential subdivisions too. It is one of the fastest developing areas in the country. Within two decades, Warrens has witnessed tremendous growth, such that it has become synonymous with new money flowing into Barbados. It is known for tall buildings, like Warrens Towers, an A-class corporate office building, providing high visibility and prominence. It has become a favoured residential development as residents in this area can enjoy easy access to retail and administrative operations offering various services.
Here are some gated communities in the area or nearby with fantastic amenities and amazing benefits for residents:
Clermont Green, St. James
Clermont Green is a tranquil gated community with 2 bedroom townhouses in Barbados that holds a central location between the popular Warrens and west coast areas. Residents in this development can enjoy amenities like the communal pool and gated access. It is in close proximity to a myriad of amenities, including banks, shopping malls, diners, and beautiful beaches. It provides easy access to the Warrens Commercial Centre, the University of the West Indies (UWI), and Bridgetown.
Crystal Court, St. James
Crystal Court comprises of 2 bedroom apartments and holds a central location with easy access to Barbados’ Platinum Coast. It is only a few minutes drive to access amenities at Warrens and the west coast like the Limegrove Lifestyle Center, restaurants, shopping malls, banks, nightlife, and fantastic beaches. Residents enjoy a clean and quiet neighborhood close to great attractions, including the University of the West Indies (UWI).
Millennium Heights, St. Thomas
Millennium Heights is a gated residential community sitting on 30 acres and filled with beautiful 1, 2 and 3 bedroom apartments, townhouses, and 3-4+ bedroom stand-alone homes. Residents have access to a myriad of amenities, like two communal swimming pools, a gymnasium, running track, clubhouse, children’s play area, and tennis courts. This area has proper water storage installations, with a pond provided in the residential units. It has become a top-rated residential thanks to the waterfront vista surrounding the pond, which has enhanced property value and improved the ambiance of the area.
Welches Grove, St. Thomas
Welches Grove is not a gated community, but an amazing option for tenants. It is an attractive residential community of 2 and 3 bedroom townhouses with convenient access to Warrens commercial district and The Walk at Welches. This area features lovely townhouses with quality finishes that are set within clean and sanitary grounds. It is only a short drive to a vast selection of amenities, like supermarkets, restaurants, banking, boutiques, and health clubs. Bridgetown is 10 minutes away, while it is a 25-minute drive to the vibrant nightlife of the South Coast and a 10-minutes drive to Holetown on the West Coast.
Palm Court, St. James
Palm Court is a gated community with attractive new townhouses with easy access to Warrens and the West Coast. It is a development of 12 high specification two-story, spacious 3 bedroom townhouses. Palm Court is surrounded by a private garden and provides easy access to the west coast beach.
Lodge Gardens, St. Michael
Lodge Gardens is a gated community that is home to three beautiful 2 bedroom townhouses with garden areas. It is a serene environment and holds a central location between the Warrens commercial district, UWI, and the west coast.
Edgehill Heights, St. Thomas
The 2 bedroom apartments in Edgehill Heights are well sought after because of the prime location and gated access. Residents have access to major utility services available in the neighborhood and an on-site gym. The apartments on the southern side of the building have some amazing views! It is only a short drive to Warrens and Welches commercial districts, where you will find a wide range of shopping malls, banks, diners, petrol stations, and other amenities.
Apes Hill Club, St. James
Apes Hill Club is located in the center of Barbados, roughly half an hour away from the airport. This lush gated community offers a wide range of luxury townhouses and standalone homes, 3-4+ bedroom homes. It is a vast land that sits a championship golf course, Polo Field, golf clubhouse, Bar, Restaurant, Golf Shop, Polo Shop, beach access, 2 community pools and tennis courts.
The Falls at Sandy Lane, St. James
The Falls at Sandy lane features beautiful 2-3 bedroom townhouses and villas with elegant finishes, located within an exclusive residential development near Holetown on the Platinum West Coast. Residents have access to a communal clubhouse with a pool, gym and sun loungers. It is a stone throw to Sandy Lane beach.
Sunrise at Rowans, St. George
Sunrise at Rowans is a clean and quiet area. It is a gated community that houses only ten 3 bedroom townhouses. It is a short drive to Warrens and Haggatt Hall commercial districts, both of which have many amenities. You have easy access to Shopping Malls, and you can unwind during the weekends at the communal swimming pool.
Do you own a property in Barbados, and are you considering renting it out for the long term? If yes, you will be pleased to know that the Barbados real estate rental market has become very active, especially since the launch of the 12-Month Barbados Welcome Stamp visa. The stock listings rent out quickly, even faster when the property is fully furnished and equipped.
This article provides answers to some of your questions, such as:
• Which real estate market is my property most suitable for? • Barbados or the foreign market? • Should I rent my property out furnished or unfurnished? • What should be my asking price?
Here are some helpful tips to guide property owners in Barbados to choose the right real estate company for the job and get a tenant.
CHOOSING A REAL ESTATE COMPANY
Choosing the right real estate company requires much more effort than you think. You’ll be setting yourself up for problems by randomly selecting a real estate company from simply scrolling through the yellow pages or newspaper ads. Make adequate research to ensure that the company specializes in the target market most suitable for your property. Check their websites and social media pages to view some of their recent transactions, and read reviews from previous clients. If your property is more so suited for the foreign market, make sure the real estate company has an international reach.
It’s very important that the real estate agent you choose to hire has a Barbados real estate license and is a member of The Barbados Estate Agents and Valuers Association (BEAVA). The Association has over one hundred and twenty members, which increases market visibility. Your property would have a chance of getting rented even faster.
The real estate commission fee for long-term rentals in Barbados is one month’s rent, subject to VAT if your agent is VAT registered.
We, at Global Estate Agency been in the real estate brokerage business for over 15 years. Our clientele includes both local and expat renters who rent properties in Barbados. From our modern and user-friendly website to our impressive social media following. We also have international reach via our sister company BarbadosExpatHomes.com which focuses on luxury expat rentals. Our brokerage is led by Junior Sparks, who appeared on not one, but two episodes of HGTV’s popular top tv show, House Hunters International!
WHAT DOES THE LISTING PROCESS IN BARBADOS ENTAIL?
After you have decided on the real estate company/agent to hire for the job, they will set up a listing appointment to tour your property. The appointment is to gather marketing details, including photos and video. Start from the general details and work your way down to the specifics, such as:
• Would you accept young kids? • Indoor or outdoor pets? • No pets at all? • Is smoking prohibited?
The more details you confirm with your agent, the better so your agent could focus only on the prospective renters that are suited for your property.
While the agent is touring your property, you could review the listing agreement and complete same once you agree with all the terms. It’s usually either an exclusive or non-exclusive listing agreement. An exclusive listing agreement is where you would list your property with one agent, and external agents will still have access to the listing, but all showings and negotiations must happen via your agent. The landlord agrees to pay a commission to the agent once the property is rented. The non-exclusive listing agreement is where you could list your property with as many agents as you like. The latter option doesn’t guarantee that your property would get rented faster. It means more work for you, keeping track of all the agents’ marketing, making sure that there is no misinformation about the marketing details.
MARKETING YOUR PROPERTY
It is best to hire a real estate company that has a website. A good online presence will increase your market visibility so, consider listing your property with a real estate company that has an active and huge following on social media platforms. Also, your agent can use multi-listing websites to provide additional traffic. Lastly, give your agent approval to put up a for-rent sign or banners at strategic locations because not everyone is internet-savvy.
SHOWING YOUR PROPERTY TO RENTERS
Make your property attractive to potential tenants. Carry out corrective maintenance in the building, including power washing of the driveway, re-painting, updating of fixtures, and general cleaning. An attractive property with lots of open spaces tends to get list price or close. Be ready to assist your agent in whichever way you can to make sure showings go smooth. Open up windows and pull back the curtains to keep the property well-aired and lighted.
REVIEWING PROSPECTIVE TENANTS
All prospective tenants must complete a tenant screening form and submit the same along with their photo IDs. The tenant screening form includes the submitted offer, the rental duration (start to end date), job details, professional references, and current landlord information. Additional details to fill may include questions about pets or kids.
TENANT APPROVAL AND SIGNING OF THE RENTAL AGREEMENT
If you don’t already have a rental agreement, your real estate agent would most likely have a draft copy on file, or you should consult with a Barbados attorney to get a rental agreement drafted. Rental agreements usually are for one year or more, but in some cases could be shorter. The rental agreement should be sent to the tenant for review via your agent. Once the tenant has agreed to all the terms and conditions, the tenant can sign the document and return same to your agent, who would arrange for you to sign.
INITIAL PAYMENT OF THE FIRST MONTH’S RENT AND SECURITY DEPOSIT
After the rental agreement is executed, the tenant has to pay the first month’s rent plus security deposit or, in some cases, the first and last months’ rent plus security deposit. The deposit is dependent on the terms of the rental agreement. The tenant can make payment to you or your agent. If the brokerage company receives the payment, they could deduct their commission fee before paying you.
UTILITIES TRANSFERS AND PROPERTY HANDOVER
If utility bills aren’t included in the rent, utilities transfer letters should be provided to the tenant so the tenant could transfer the electricity, telephone/internet, cable tv, etc into their name. However, in some cases, the tenant would provide the authorization form from the particular utility company, and you will have to sign the form for approval.
An inventory list should be signed off if the property is being rented furnished, usually as an appendix to the rental agreement.
As of May 2021, the VAT rate is set at 17.5%.
List your property with us for rent today via our Rent Your Property With Us page. Contact our office today at 246-426-9469 or send us a message via our Contact page above.
It is a hectic process trying to look for a new home. It involves hiring a real estate agent, touring properties, choosing a home, and making an offer. Your labour has been productive, and now, it’s time to move into your new home.
If you are reading this blog post, it means that your offer was accepted and you passed the screening process. Now, you must understand the process of signing a residential lease.
We hope you find our blog informative, this write-up answers all your questions, including:
What must you pay on the signing of a lease?
Who should sign first?
Who gets a copy?
You found a pet-friendly property to rent, what do you do?
What is a pet deposit?
WHAT IS A LEASE AGREEMENT? IS A RENTAL AGREEMENT THE SAME?
A lease agreement is a formal contract between a tenant and landlord or the landlord’s representative, confirming the terms and conditions for living at the landlord’s rental property in exchange for rent. A lease agreement usually spans over an extended period, usually between one to three or more years.
A rental agreement is also a formal contract between a tenant and landlord. This agreement is similar to the lease agreement, it confirms the terms and conditions for rental but is usually for a shorter duration. A rental agreement typically lasts between one to a few months, but less than a year.
Once the lease is signed by all parties, it becomes a legally binding document.
WHAT IS REQUIRED WHEN SIGNING A LEASE AGREEMENT?
On the signing of the lease agreement, the tenant must pay the first month’s rent and a security deposit. The security deposit is usually the same amount as the rent amount. This deposit is refundable at the end of the lease, provided that there were no damages incurred during the lease.
In some cases, the tenant has to pay the first and last month’s rent at the start of the lease term. This depends on the terms and conditions of the lease agreement, so it is best to ask questions during negotiations. Usually, two or three months’ rent will be due on signing, one of them being the security deposit.
WHAT IS A PET DEPOSIT?
Note that if you get a pet-friendly property, your landlord would also ask for a pet deposit. A pet deposit is similar to a security deposit and is to cover the costs of any damages to the property caused by your pet during the rental. The cost of a pet deposit usually starts at USD$250.
WHO SHOULD SIGN FIRST ON THE LEASE AGREEMENT?
The landlord or the landlord’s representative will send a copy of the lease agreement to the tenant for review. Once the tenant agrees with terms and conditions, he goes ahead to sign. The tenant should sign first, to review and request any necessary change to the agreement. Ensure that you ask the landlord any questions that you’re unsure about in the clauses in the lease agreement.
Letting the tenant sign first prevents the landlord from ending up with multiple signed leases.
WHO GETS A COPY OF THE LEASE AGREEMENT?
Both the landlord and tenant would get a copy of the signed lease agreement. If a property management company or real estate agent is involved in the transaction, they too should get a copy of the lease agreement for their records.
If you are looking for a property to rent, click here or if you have a property you wish to rent, click here. To see the Top 10 Tips About The Rental Process, click here or call our office today for further assistance at 246-426-9469.
You have every reason to be excited if you’re moving to beautiful Barbados! The island boasts unique natural scenery and several tourist attractions. In this blog post, we focus on the best places to live on the south coast. We’re happy to guide you through the most sought-after neighbourhoods. Barbados has a rich Caribbean culture, and all of the locations are comprised of locals and expats. This article provides answers to all of your questions, including:
How much does it cost to rent an apartment or house in Barbados?
Do I need to buy or rent a vehicle, and which locations have the best walking distance to amenities?
Do I want to be close to a beach or golf course?
Does my job require frequent traveling, which needs me to be close to the airport?
No need to fuss because we got you covered with each possible scenario. Please feel free to leave comments with asking questions after reading.
ENTERPRISE AND ATLANTIC SHORES
These spots are on the list of the most requested south coast neighbourhoods, by expats looking for long-term rent. Enterprise and Atlantic Shores on the south coast of Barbados is a popular place in the Christ Church division.
As regards property rental prices for long term leases, these are the starting ranges for furnished options:
One-bedroom units are from USD$500/Month
Two-bedroom units are from USD$750/Month
Three-bedrooms are from USD$1,100/Month
For unfurnished properties, the pricing might be slightly less but without much difference. Bigger homes with indoor pools would value about USD$3,500/Month, and seafront homes along Seaside Drive are usually above USD$4,000/Month.
Freights Bay is a surfer’s dream spot that is centrally positioned in the area. If you prefer a short walking distance to amenities, we suggest looking anywhere on Enterprise Drive and the abutting lands. Living here is an easy walk to Oistins, which is home to several establishments, including petrol stations, Fish Market, KFC, Chefette Restaurant, Massy Stores Supermarket, bank, gym, shopping plazas, and more. It only takes a 5-minute drive from Enterprise Drive to locate the Barbados Golf Club, which is an affordable 18 hole golf course. Spend an additional 7 minutes on the road to reach the airport.
FORT GEORGE HEIGHTS
Fort George Heights is a more central neighbourhood on the south coast of Barbados. It has attractive homes, a neighbourhood park for kids, and sidewalks on the main streets, which are popular for evening walks. Here, you are only a stone’s throw away from the Wildey commercial district, Sir. Garfield Sobers Gymnasium, United States Embassy, and Sheraton Mall. The easy access to amenities makes this St. Michael location even more sought after.
Long-term rentals in Fort George Heights move quickly as prospective renters are always looking for homes in this area. A 3-bedroom single storey house would usually start from USD$1,250/Month, add a swimming pool and rates generally increase up to USD$2,500/Month. The larger homes with more bedrooms value around USD$4,000/Month plus. These rates are mainly for unfurnished or semi-furnished buildings, but in a few cases could be furnished.
It is best to own or rent a vehicle if you plan to live in this area unless you work in Upton, which is close by. The gymnasium is also close by, making it convenient to sneak in a quick workout session any day of the week. Banks, two petrol stations, shopping plazas, a general store – Carter’s, Surfside Gym, and more could be found in Wildey. Also, St. David’s Church and other prime neighbourhoods like South View and Kent are nearby. You can locate a few of the private schools in no time, including St. Winifreds, Lockerbie College, and St. Gabriel’s School.
THE VILLAGES AT COVERLEY
One of the newer Christ Church developments just off the ABC Highway, between the airport and the Durants golf course area. This is a well-maintained community that offers a wide range of amenities. Here, you can enjoy the convenience of access to a petrol station, Massy Supermarket, ATM, coffee shop, medical centre, barbershop, restaurant, and more.
This development is a top choice for expats who are looking for a turnkey property. The area comprises two and three-bedroom homes. Long-term rental rates start from USD$900/Month for a two-bedroom and USD$1,400/Month for a three-bedroom. This is a modern location with furnished and unfurnished home options.
It takes only a ten-minute drive to reach Long Beach and Silver Rock Beach by Silver Sands.
MAXWELL AND WELCHES
This development starts right after Oistins. Welches Beach heading towards Bridgetown and ending at Sol Petrol Station by Top Rock roundabout is one the most popular locations on the south coast. Living in this Christ Church division puts you at a short walking distance to many amenities. Enjoy easy access to Maxwell and Dover beaches, Dover Playing Field, a few resorts and hotels, including Sandals Barbados and Sea Breeze Beach House. Additionally, there are a few eating spots like the Epic Surf Shop on Maxwell Main Road and Bliss Cafe in Dover. There’s a computer store within easy reach, Atlantic Computers and also a private school, Wills Primary School.
You will find a wide range of properties in this area, from one-bedroom apartments to large four-bedroom standalone homes and other bigger options. This development is a highly requested area that records high patronage. Interested renters rush to take the homes as soon as they hit the market for rent. A rate for a decent one-bedroom apartment would start from USD$600/Month, a two-bedroom unit starts at USD$750/Month, and three-bedroom homes, from USD$1,000/Month. Spending USD$2,750/Month or above would get you a beachfront apartment or a property in a gated community. These rates are mainly for furnished properties.
For easy transport, it is best to own or rent a vehicle if you plan to live in this development, especially if you are set back in one of the avenues or on Maxwell Hill.
WORTHING, ROCKLEY, AND HASTINGS
Living in these areas is convenient to enjoy a stroll on the seaside Richard Haynes Boardwalk, grab fast foods, or go shopping. From the St. Lawrence Gap entry, heading in the direction of Bridgetown, and ending just before the Garrison, is where you would find Worthing, Rockley, and Hastings. On this prime Christ Church strip, you will find several supermarkets, Trimart and Massy Stores. If you are a golfer, you’re in luck, thanks to the nine-hole golf course, Rockley Golf and Country Club that isn’t far from the coast road. Navy Gardens, Marine Gardens, and Garden Road are some other neighbourhoods you could consider as well, all of which are within walking distance to the main coast road.
Many available housing options are ranging from apartments and townhouses to standalone homes. The closer the home is to Highway 7, the more prime the listing and you will be required to pay a premium. One-bedroom units in this area value from USD$750/Month, 2-bedroom units are usually from USD$900/Month, and 3-bedroom units are in the region of USD$1,250/Month plus. If you enjoy golfing or going to the beach, it is advisable to keep a budget in mind, starting from USD$1,250/Month for golf course listings and USD$1,750/Month for beachfront. Gated community options are also available in the area.
Great news for all the foodies out there, as there are nice restaurants and bars available in this area. Chefette Restaurant and Champers Restaurant are some of the most popular eating spots. Mojo’s, 6Mix, and Bubba’s Sports Bar are the most raved-about bars.
Where do I start? Hah! Contrary to popular belief, all real estate agents are not millionaires and yes, we do actually do work. Let’s just kick this blog off by saying that the real estate brokerage business in Barbados is not for the faint of heart! I would definitely suggest that if you have a genuine passion for the business, helping people find their new home or real estate marketing, then this industry could be for you. However, if it’s just the money you’re interested in, it never works out! Here are some tips on how to be a successful real estate agent in Barbados!
STEP 1 – EDUCATION
The real estate brokerage industry has many different areas that you could specialize in. Have you decided if you want to sell property? Perhaps you would like to specialize in short and/or long-term property rentals? Or, maybe you could develop land and/or houses to sell or rent? There is a Real Estate Sales course at the Barbados Community College and also another at The University of the West Indies in Property Management. Be sure to check both of their websites for further details.
STEP 2 – BARBADOS REAL ESTATE LICENSE
In order to sell real estate as a professional real estate agent, one must get a license from the Barbados Supreme Court in Whitepark Road, Bridgetown. This license only grants you approval to sell property as a real estate agent in Barbados. At the date of this post, the cost of the license is BDS$375. This is due every year in January and if it is not paid by the end of January, the cost then doubles to BDS$750. For renewal in the second year and thereafter, the license can be paid online via the government portal, https://ezpay.gov.bb/login.php.
STEP 3 – GET HIRED BY A REAL ESTATE BROKERAGE OR BE INDEPENDENT
Be sure to research and find a company that goes well with your values. Most companies tend to have a niche market that they deal with and this is another point you should keep in mind when deciding on which companies to apply to. Keep in mind that if you don’t have any experience in property, to get your foot in the door, you can try applying for entry positions such as entry-level administration jobs. An administration job could be anything from updating the company’s website to being an assistant to a real estate agent.
If you decide to be an independent real estate agent, you have to register your business name at The Corporate Affairs and Intellectual Property Office (CAIPO) located on the Ground Floor, Baobab Towers, Warrens, St. Michael. Remember to purchase your company’s domain name even though you might not develop your website right away. I would recommend that you consult with a Barbados attorney to get guidance on the different type of company structures available. Do you want to register your business as a sole proprietorship, a partnership or as a limited liability company?.
STEP 4 – NETWORK WITH OTHER REAL ESTATE PROFESSIONALS IN THE BUSINESS
This step so important! Join The Barbados Estate Agents and Valuers Association where you could network with over 120 members including real estate agents, property managers, and valuers. Being a member of the association gives you the opportunity to have access to the other members’ property listings. When it comes down to closing any real estate deals with other members, the commission is split 50/50 while non-members would get a referral fee. There are different seminars about marketing, real estate development, mortgages, and the legal process when purchasing a property plus more. You can also stay updated with industry news and enjoy the social activities.
STEP 5 – PERSONAL BRANDING
Do your friends and family know that you are in the real estate business? I’m not saying that you need to spam their social media feeds with your property listings. Find ways to share knowledge about the business, helpful tips about the buying or renting process. In addition to showcasing yourself professionally on social media, don’t miss out on networking events, property-related speaking panels, and property shows to name a few.
STEP 6 – COMMUNICATION IS KEY
Whether it’s a past client or new client, never take any shortcuts with your service by leaving your clients in the dark. Always keep your clients updated. Yes, the real estate business is a very busy industry but even if you can’t make a phone call, at least send your client an email. After you close the deal, still continue to check in and do some follow-ups. Aftercare service is just as important as the work you do landing your client!
In the past few years, Barbados has become something of a magnet for digital nomads. This is largely because the island has beautiful weather, breathtaking beaches, and lots of fun things to do and see. The island is filled with friendly people, surf spots, great bars, high-quality restaurants, and more. Barbados also has a wide variety of excellent supermarkets and shopping malls to visit in addition to co-working spaces and other areas where digital nomads can get fast WiFi internet.
During the COVID-19 pandemic, many digital nomads have come to Barbados due to the very low amounts of COVID cases. Compared to other nations such as the United States, Brazil, Russia, the UK, and India, the numbers of COVID cases in Barbados are almost non-existent. Barbados has become something of an Oasis during the COVID-19 pandemic.
In addition to the extremely low rates of COVID-19 on the island, Barbados also has a new 12-Month Barbados Welcome Stamp visa that allows digital workers to temporarily relocate to Barbados to work remotely for up to one year! This visa stamp has proved to be extremely popular amongst remote workers who just want a change of scenery or who want to live somewhere where the COVID-19 pandemic is not as overwhelming.
If you are a digital nomad and if you are looking for a new place to call home for a few months or even for a year, then you should strongly consider checking out the new 12-Month Barbados Welcome Stamp visa. Barbados is one of the most beautiful islands not just in the Caribbean, but in the entire world.
If you would like to explore living on the island of Barbados more with this visa, there are two Facebook groups that are extremely helpful. These Facebook groups are the “Barbados Welcome Stamp” group and the “Barbados Expats” group. You can find plenty of helpful information and people to connect with on these Facebook groups. They are a great resource for digital nomads looking to relocate to Barbados.
Once you have made the decision to move to Barbados, the next step is to find housing on the island. When it comes to finding housing on the island of Barbados, there is no better place to do so then on BarbadosExpatHomes.com. On this website, you can find many extremely high-quality properties to choose from in a range of budgets. Whether you are looking for a quiet townhouse or a beachfront mansion, you will be able to find exactly what you are looking for on BarbadosExpatHomes.com.
BarbadosExpatHomes.com is also where you can connect with Barbados real estate star, Junior Sparks. Junior Sparks is a genuine expert of the Barbados real estate industry and he has helped hundreds of people to find amazing properties on the island. Junior has also won a number of prestigious real estate awards in Barbados and has built a reputation for being one of the best real estate agents in the country. Not only does Junior regularly help both local and foreign clients buy, sell, and rent amazing homes on the island of Barbados, but he has also appeared on two episodes of HGTV’s spectacular show, House Hunters International. You can connect with him through BarbadosExpatHomes.com if you would like him to help you find a perfect property for your needs and budget.